What do you think you know about the Thrift Savings Plan? Do you think you are an expert? Well, there are common misconceptions about the TSP and we’ll look at the major ones in this article. There are three widely held misconceptions regarding the TSP. Perhaps the most widely held misconception about the TSP is that one will face a 10% early withdrawal penalty on anything they … [Read more...] about TSP: Common Misconceptions
401GO Raises $2 Million to Expand Retirement Plan Access for Underserved Working Americans
The 401k platform for small businesses provides more hard-working Americans the opportunity to better prepare for retirement /EIN News/ -- WEST JORDAN, Utah, Aug. 17, 2021 (GLOBE NEWSWIRE) -- To help scale its business and continue to execute on its mission to close the retirement savings gap for SMB employees, 401GO has successfully closed on a $2M … [Read more...] about 401GO Raises $2 Million to Expand Retirement Plan Access for Underserved Working Americans
Smart Money Awards: Best Financial Apps and Services 2021 – Real Simple
Smart Money Awards: Best Financial Apps and Services 2021 Real Simple … [Read more...] about Smart Money Awards: Best Financial Apps and Services 2021 – Real Simple
401GO Raises $2 Million to Expand Retirement Plan Access
WEST JORDAN, Utah, Aug. 17, 2021 (GLOBE NEWSWIRE) -- To help scale its business and continue to execute on its mission to close the retirement savings gap for SMB employees, 401GO has successfully closed on a $2M seed round from Impression Ventures, Signal Peak Ventures, and Stout Street capital. The company’s software platform enables small businesses to offer 401k plans to … [Read more...] about 401GO Raises $2 Million to Expand Retirement Plan Access
COAST driver shortage forcing temporary suspension of routes
DOVER – COAST continues to struggle to find qualified CDL bus operators to drive their local public transit routes. The lack of qualified drivers has, regrettably, reached a point where the public transit system must temporarily adjust parts of some bus schedules further.After having to suspend a small number of services starting in mid-June, the non-profit public transit … [Read more...] about COAST driver shortage forcing temporary suspension of routes
Plaintiffs make a splash in SeaWorld 401(k) lawsuit
SeaWorld this week was sued by several participants in its $310 million 401(k) plan, allegedly for letting fees for investments and service providers run out of control. Part of the case involves adviser compensation. In the proposed class-action suit filed Monday in U.S. District Court for the Southern District of California, the law firms representing the plaintiffs leveled … [Read more...] about Plaintiffs make a splash in SeaWorld 401(k) lawsuit
Does Planning End at Retirement?
By Rob Ziliak, CFPImagine that, in the foreseeable future, you’ll have turned in all your company property, collected your final paycheck, and will be drinking a Hurricane at half past noon while chair-dancing to “It’s Five O’Clock Somewhere.” You’ve planned on reaching that celebratory beach vacation over the many years of your career while also designing, building and … [Read more...] about Does Planning End at Retirement?
What to know about the new federal rules involving 401(k) rollovers to IRAs
LEXINGTON, Ky. (WKYT) - If you have accumulated any amount in your 401(k) retirement plan at work, there is always a decision that arises in what should you do with the money when you retire. One option is to keep the money in the retirement plan or roll it into an Individual Retirement Account to maintain your tax-sheltered status a little longer. Independent retirement … [Read more...] about What to know about the new federal rules involving 401(k) rollovers to IRAs
34% of Workers Have Made This Mistake With Their Retirement Savings
Sometimes, life throws financial surprises at us, and when that happens, emergency savings can come in very handy. But if you don't have emergency savings, you may be inclined to tap another cash source -- your retirement account. If you go that route, you're not alone. A good 34% of workers have taken a loan or early withdrawal from a retirement plan, according to the 21st … [Read more...] about 34% of Workers Have Made This Mistake With Their Retirement Savings
How to Start Saving Money: 4 Financial Accounts for Families
Being a parent is challenging as it is, let alone finding time to discuss your long-term money goals and what financial accounts will help you along the way. Does it make sense to start a college savings fund for your newborn? Is a "fun fund" even realistic as a mother of three? Short answer: Yes, but it's important to know where to start, what your family's financial goals … [Read more...] about How to Start Saving Money: 4 Financial Accounts for Families