401K

One of the most intimidating parts about planning for retirement is deciding which investments you're going to place your precious dollars into. You want your money to grow quickly, but you also want to shield yourself from risk. If you're new to investing, you might not be able to tell the difference between one investment and the next.  Fortunately, there's a simple solution … [Read more...] about How to Manage Your 401(k) Without Lifting a Finger

Dear Quentin, I’m 41 years old, father to two lovely teenage daughters, and married to my second wife for a little over a year. I’m sitting on about $10,000 of credit-card debt, and I’ve still got about $4,500 to pay off for my student loan. Our combined income is just about $100,000 a year.   I’ve got an arguably small amount of money invested in a 401(k), … [Read more...] about ‘Who knows if I’ll live until retirement?’ I have $10K in credit-card debt and $4.5K in student loans. Should I tap my $24K 401(k)?

Accountants are well-positioned to offer advice on 401(k)s and other retirement plan options for small business clients…especially before legal issues can set in. But how does this happen? Well-meaning small business owners often take great care to set up retirement plans initially, carefully choosing the mutual fund lineup and plan policies. Then, they assume most of their … [Read more...] about Prepare Clients for a Litigious 401(k) Environment

Suzy O'NealIf you’ve had an IRA and a 401(k) for many years, you may occasionally ask yourself some questions: “Am I contributing enough?” “Am I still funding these accounts with the right mix of investments for my goals and risk tolerance?” But here’s one inquiry you might be overlooking: “Have I used the correct beneficiary designations?” And the answer you get is … [Read more...] about Review your IRA, 401(k) beneficiaries

Wealth Wednesday: To roll, or not to roll over your old 401k  WHAS11.com … [Read more...] about Wealth Wednesday: To roll, or not to roll over your old 401k – WHAS11.com

To attract and keep talented employees, it can be a smart move to add a 401(k) plan to your small… To attract and keep talented employees, it can be a smart move to add a 401(k) plan to your small business. As a result of the SECURE Act, which was passed in 2019, there are now more opportunities for … [Read more...] about How to Pick the Best Small Business 401(k) Plan Provider

There are many different types of accounts that you can use to save for your retirement, and they all have pros and cons. This could make planning for this milestone a little overwhelming or confusing. But if you have access to a 401(k) at work, it could be the best vehicle for reaching your retirement goals for these three reasons. Image source: Getty Images. 1. A company … [Read more...] about 3 Reasons a 401(k) Is Your Best Bet for Retirement

Digital currencies, most notably bitcoin, have generated a lot of attention this year. Should cryptocurrencies be an option for 401(k) participants?Year to date, bitcoin is up about 37%, beating the stock market, as measured by the S&P 500 Index, by far (up 17.6% as of 7/29/2021). What is not visible, however, is the wild ride that intervened. Bitcoin reached an all-time … [Read more...] about Julie Jason: Should you be able to invest in Cryptocurrencies in your 401K | Julie Jason

Community Ashley Temer is a Financial Representative with Northwestern Mutual who helps professionals, families, and business owners plan for financial security. She’s here for your “Money Minute.” Have you ever wondered if 401k is enough to get you through retirement? The truth is your 401k is just one component of a larger retirement strategy, but you’ll probably … [Read more...] about Is a 401k enough for retirement?

What You Need to Know Roth 401(k)s do not have income restrictions on the ability to contribute as do Roth IRAs. Clients can contribute to both types of 401(k) accounts allowing for flexibility based on their situation. Employer contributions are made to a traditional 401(k) account, regardless of where employee deferrals are directed. Saving for retirement is a key … [Read more...] about Retirement Savings: Traditional 401(k) vs. Roth 401(k)