Are you a small business owner? You may find this interesting. According to a recent Forbes article, “the 401(k) has become the go-to retirement plan for many Americans.” In fact, the article goes on to say that the “flexibility, tax savings and scale of 401(k) plans” have made them “attractive to employers”, as well as…
Read articleUnnecessary fees can eat away at retirement accounts. Know what fees you’re paying and why you’re paying them with help from our free 401k fee analyzer tool powered by FeeX. View a breakdown of all your fees, as well as potential ways to pay less and invest more money towards retirement. This objective analysis can…
Read articleYou can split your annual elective deferrals between certain Roth contributions and traditional pre-tax contributions, but your combined contributions cannot exceed the deferral limit – $20,500 in 2022; $19,500 in 2021 ($27,000 in 2022; $26,000 in 2021 if eligible for catch-up contributions). What is a good 401K balance by age? Age Average 401k balance Median…
Read articleAs you start saving for retirement, the number of account options you encounter seems to multiply. A traditional 401k and a Roth 401k are two options that may have popped up on your radar. You’ve likely heard of a 401k, but what’s the difference between a traditional 401k vs Roth 401k? The differences are subtle…
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(Laxmi Corp) | Disclaimer. Due to the country’s current economic situation, you may find it hard to save your investment from devaluing. This new investment is a game-changer if you have an existing individual retirement account. Suppose you’re ready to move on from your low-performing traditional IRAs. It’s time to execute a silver IRA rollover.…
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CHATTANOOGA (WDEF) — A report from Savings.com indicates that twenty five percent of Americans are reducing or pausing their 401K contributions. The report suggests that inflation is to blame. People are choosing not to save their money, as essentials such as groceries and housing grow ever more expensive. “The numbers we got this morning for…
Read articleA home purchase is a major financial commitment. In order to get the ball rolling, you’ll need a sizeable down payment — typically in the range of at least several thousand dollars. So you may be curious if 401k withdrawals for home purchase are a good idea. Unfortunately, this big upfront cost can prevent many…
Read articleGot a new job? Good for you! Before you get too comfy in your new role, it’s important to tie up all the loose ends at your old one. And by that, we mean your old 401k. If you were lucky enough to be one of the over 58 million Americans contributing to a 401k,…
Read articleGot a new job? Good for you! Before you get too comfy in your new role, it’s important to tie up all the loose ends at your old one. And by that, we mean your old 401k. If you were lucky enough to be one of the over 58 million Americans contributing to a 401k,…
Read articleGot a new job? Good for you! Before you get too comfy in your new role, it’s important to tie up all the loose ends at your old one. And by that, we mean your old 401k. If you were lucky enough to be one of the over 58 million Americans contributing to a 401k,…
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