Mid-year is a common time for people to reassess their finances – including their 401(k) strategy. From market changes to personal life events, the second half of the year often brings new information that could affect how investment allocations align with your goals...
Depending on your 401(k) vesting schedule, it may take you up to 6 years to fully own your matching contributions. Unfortunately, the 401(k) vesting schedule isn’t always clear to everyone. In a recent Vanguard survey, “The firm found that only a third (33%) of...
Whether you are planning to retire in 2 years or 20, you should be looking for ways to maximize 401(k) savings. Many Americans do not have nearly enough to retire, according to recent reports. According to the Retirement Income Institute and Alliance for Lifetime...
As the school year creeps closer, most parents are laser-focused on notebooks, backpacks, and new shoes. But there’s another major expense waiting just around the corner – and it’s one that often flies under the radar until it’s too late: Extracurricular...
Gen X is retiring soon. Are they ready? The outlook isn’t great. Gen X is the first generation to rely primarily on their own individual savings through 401(k)-like plans for retirement. They were tossed into DIY retirement planning with little support. As...
Given the uneasiness with the world and the economy, people have been asking more frequently if they should stop contributing to a 401(k). The short answer is no. History has shown that those who hang on and keep contributing, even during times of uncertainty, wind up...
While much of the financial world has gone digital, 401k plan rollovers are still stuck in the past with paper forms, mailed checks, and weeks-long waits.
Prepare for rising taxes by exploring CARES Act strategies and tax-free retirement alternatives to protect your 401k and IRA assets.
WITH STOCK MARKETS TUMBLING, RESIDENTS INCREASINGLY WORRIED OVER 401(K) AND RETIREMENT PLANS ANCHOR HUEL PERKINS: Many of us who invest in the stock market are feeling a little bit rattled right now. ANCHOR MONICA GAYLE: But is...
Understand market volatility and coronavirus impacts. Learn key financial terms and compare 401(k) vs. IRA plans to secure your retirement future.
Tax Doctor