Benefits make up over 30% of a typical employee’s total pay package according to the Bureau of Labor Statistics. It’s crucial to review your benefits choices each year during open…
Tag: 401(k)
If you leave a job where you had a 401(k) you’re faced with a decision: what do you do with the 401(k) account at your old job? The money in…
A rollover IRA is an Individual Retirement Account that is funded by closing a 401(k) (or similar account) at a previous job and moving those funds to the new individual…
Vesting refers to the process of a financial benefit becoming yours over time. The most common example is a 401(k) match. (There are other types of compensation that might vest,…
When you contribute to a 401(k) you put your own money in, called a contribution. That contribution is made with pre-tax dollars, invested within the 401(k) account, and grows tax-deferred…
A 401(k) is an employer sponsored, tax advantaged account for saving and investing for retirement. You contribute pre-tax dollars to it, invest that money, and then withdraw the money in…
Even if this year did not turn out as you hoped, you can still end the year on a positive note with your money! Below are TEN quick-hit items that…
Taking a loan from your 401(k) plan may seem like a good idea when you’re hit with a financial setback, especially when borrowing money from a bank may be difficult…
A 401(k) plan is a savings and investing option, sponsored by employers, that gives employees like you a tax-advantaged way to put aside money for retirement. Named for the subsection…
Your 401(k) plan is money meant to be used in retirement. Most financial advisors say that borrowing from your retirement plan should only be considered as a last resort, after…