401K

RitaE / Pixabay Financial advisors commonly tell people to maximize contributions to tax-deferred retirement plans such as 401(k)s and IRAs, but does that make sense? Pamela Yellen, financial investigator and New York Times best-selling author, says this is a … [Read more...] about Are People Getting Scammed by 401(k)s and IRAs?

By Gulf Breeze News | on July 29, 2021 If 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 … [Read more...] about Review your IRA, 401(k) beneficiaries

A sudden promotion or raise might seem unlikely, but there are many ways to boost your paycheck that you might not have considered. Read on to discover 30 ways to increase your take-home income — some of these might even improve your quality of life at the same time.Where Americans Get Their Money Advice: See the Full List of Money's Most Influential and MoreLast updated: July … [Read more...] about 30 Ways To Increase Your Take-Home Income

One of the highly anticipated panels at the 2021 NAPA 401(k) Summit is focused on strategies on how to avoid that “race to the bottom”—and NAPA-Net readers have given our expert panel some data to work with. Conventional wisdom says that our industry is in a race to the bottom on fees. Too often, “priced to win” equates to a somewhat arbitrary best-guess on advisory pricing, … [Read more...] about READER POLL: A Roadmap to Avoiding the ‘Race to the Bottom’

When you're making retirement plans, you need to understand the role Social Security will play in supporting you. Unfortunately, there's one crucial fact the majority of Americans are missing about these benefits. According to a recent survey conducted by Nationwide, just 54% of people are aware what percentage of their income will be replaced by Social Security. Image … [Read more...] about 136 Million People Don’t Know This Key Social Security Fact

More Americans are preparing to turn 65 than at any point in history. Many, however, will lack sufficient savings to supplement Social Security and provide income lasting through decades of retirement. Annuities have traditionally played a role in boosting post-retirement income, albeit outside of employer-sponsored benefits. That could change, as retirement plan sponsors … [Read more...] about Can 401(k) Plans Provide Lifetime Income Payments?

The cryptocurrency boom that’s elevated a few lucky at-home investors into overnight millionaires should be used to shore up workers’ retirement savings, say advocates of getting digital money into employer-sponsored 401(k)s.Plan sponsors are feeling pressure from workers and a growing number of fintech firms to incorporate cryptocurrency into their investment lineups. A … [Read more...] about Crypto Retirement Plans Upend Skittish 401(k)s Averse to Risk (1)

The cryptocurrency boom that’s elevated a few lucky at-home investors into overnight millionaires should be used to shore up workers’ retirement savings, say advocates of getting digital money into employer-sponsored 401(k)s.Plan sponsors are feeling pressure from workers and a growing number of fintech firms to incorporate cryptocurrency into their investment lineups. A … [Read more...] about Crypto Retirement Plans Upend Skittish 401(k)s Averse to Risk (1)

The average 401(k) return in 2020 was 15.1%, according to Vanguard data. Over the past three years, the average return was 9.7%, and 11% over the past five years.  To grow your account, get the full match, make sure your account is invested, and save more. Read more Personal Finance Insider coverage » … [Read more...] about What’s the Average 401(k) Return for 2020?

I have a retirement in my heart of this edition Investing with Charles.. Today, I’d like to help you decide which of your traditional 401 (k) or Roth 401 (k) accounts is best for you. He is currently enjoying the tranquil Pacific breeze at his family ranch in the Middle of Noware, Peru. It makes me think about the future. Maybe it’s the song of a bird, or the calm of a farm car … [Read more...] about Build Your Best Tax Shelter: Traditional or Roth 401(k)?