401(k) plans lack one benefit that would make a big difference in retirement
While the U.S. retirement system relies on employer-provided 401(k) plans to help most workers save and invest for their golden years, few of these plans help retirees avoid outliving their old-age savings.
How to save for retirement if your company doesn't offer a 401(k)
Even if your employer doesn't offer a 401(k) plan, it shouldn't stop you from getting the most out of your retirement savings. You have other tax-advantaged options available to save for the future, including individual retirement accounts,
Check That 401k! Your Company Could Be Putting More Money Into It Than You Think
PennyGem’s Elizabeth Keatinge tells us about what may be some good news for you and your retirement plans! Here's No. 1 thing mentally strong couples 'never' do, says relationship therapist of 20 years Here’s What the US Minimum Wage Was the Year You Were Born Everything you need to know about Alien: Romulus Severe Thunderstorm Warning for Four States As Tornado Threat Looms 28 celebrities you probably did not know are nonbinary iPhone users in 92 countries received a recent stark warning 15 Traits Of An Alpha Female Barack Obama shares his No.
5 Reasons Cashing Out Your 401(k) Is a Terrible Idea
However, some people cannot resist the temptation to cash out their 401(k) long before retirement. Here are five reasons why that can be a big mistake. Retire Sooner: Take this quiz to see if you can retire early Cashing out your 401(k) prematurely can lead to hefty taxes and penalties.
Should You Max Out Your 401(k)? 3 Pros and Cons.
This year, 401 (k) plan contributions max out at $23,000 for savers under age 50 and $30,500 for those ages 50 and over. And ...
Best Retirement Plans in May 2024
Explore our comprehensive guide to the 2024 best retirement plans. Here's how to save toward your nest egg with ...
BlackRock looks to make monthly paychecks part of 401(k) employee retirement plans
BlackRock is reportedly looking to shakeup employers’ default retirement strategies by turning a portion of retirement ...
Earning Your Full 401(k) Match? Here's Why You May Not Want to Put Any More Into Your Plan
While a 401(k) with a match can be a good deal, there may be other better accounts for your money once you've earned your ...
401(k) ‘last resort’ withdrawals climb as experts warn of future hardship
A growing number of Americans are making emergency withdrawals from their 401(k) retirement plans as inflation remains high.
Your Money: Don’t treat your 401(k) like an ATM
Bruce Helmer and Peg Webb are financial advisers at Wealth Enhancement Group and co-hosts of “Your Money” on WCCO 830 AM on ...
What to do when your 401(k) leaves something to be desired
Over the course of a career, the high fees and a lower-quality menu of investment options found in some plans can shrink your ...
What are vesting schedules? They can turn your ‘free’ 401(k) match money into ‘pretend’ money if you don’t know.
When you are new to a job, knowing when the company match belongs to you is as important as knowing how much it is.
Think Advisor12d
10 Industries With Worst Performing 401(k) Plans
There are dramatic differences when it comes to average account balances, participation rates and other metrics.
Benefits Pro12d
Starter 401(k) plans under SECURE 2.0: Helping small employers fast-track a retirement plan
In 2024, a provision in the SECURE 2.0 legislation permits an employer that is not sponsoring a retirement plan to offer a ...
MacTech1d
Report claims Big Tech Employees missed Out on billions due to 401(k) Fossil Fuel Investments
A new report claims that more than two million employees from 12 tech-sector companies, including Apple, could have earned an ...