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…
Tag: benefits
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…
Reviewing your employer’s benefits can be boring and confusing, but if you’re not careful you can be making some common mistakes that can literally cost you thousands. Here are three…
A flexible spending account (or flexible spending arrangement) is a benefit offered by employers that allows employees to take money out of their pay before taxes, put it into an account,…