401K

401GO, a West Jordan, UT-based software platform that enables small businesses to offer 401k plans to their employees,, raised $2M in seed funding. The round was led by Impression Ventures with participation from Signal Peak Ventures, and Stout Street Capital. Impression Ventures will be taking a board … [Read more...] about 401GO Raises $2M in Seed Funding

Dave Ramsey is a popular personal finance personality, and he's got some great advice about paying back debt. But his advice about retirement planning leaves a lot to be desired. Specifically, there are three ways Ramsey is steering his readers and listeners wrong about preparing for their later years. And the advice he gives on these issues could be costly and damaging. Here … [Read more...] about 3 Things Dave Ramsey Gets Really Wrong About Retirement Savings

WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Retirement Plan Services announced today the launch of an interactive, online dashboard designed to help retirement plan participants save and invest. My Financial Guide walks participants through a financial health assessment using straightforward questions most workers can answer without having to look at their financial records. The … [Read more...] about Schwab Retirement Plan Services Launches My Financial Guide to Help Workers Take Control of Their Financial Lives

It's good practice to constantly search for new ways to optimize your strategy around saving for retirement. By making small changes today, you're setting yourself up for a more comfortable financial future. Here, we'll look at five simple ways to put your retirement savings into another gear.  1. Look into IRA options Remember that your employer-sponsored retirement savings … [Read more...] about 5 Simple Moves to Shift Your Retirement Savings Into Overdrive

Workers with access to a 401(k) plan get to reap a number of important benefits. First, 401(k) plans often come with employer matches. Workers who contribute to those plans commonly get free money that can help them grow their balances substantially. Secondly, 401(k) plans come with generous annual contribution limits. Currently, those sit at $19,500 for workers under 50, and … [Read more...] about Can You Retire a Millionaire With an IRA Alone?

A man holds a cooking pot lid in front of his face. Getty Images Amid all the speculation about taxes possibly going up in the future, your best course of action may be to incorporate tax strategies in your financial plan geared toward retirement.There are two important questions to ask yourself:How much of your income will be taxable in retirement? That includes Social … [Read more...] about Worried About Higher Taxes in Retirement? Strategize Now.

The DOL recently began asking retirement plan sponsors to address the issue of uncashed distribution checks, according to one law firm. Multiple clients of the firm have received letters from the Department of Labor alerting them about uncashed checks issued to participants, often by a company that previously was the plan’s record keeper, said Matthew Hawes, partner at Morgan … [Read more...] about DOL is asking 401(k) plans about uncashed checks

Workers may soon get a better sense of how much income their retirement savings really will deliver later in life.As mandated in the 2019 Secure Act, 401(k) plan sponsors are preparing to provide illustrations on quarterly or annual statements showing an estimate of how much guaranteed lifetime income — via an annuity — a participant could potentially get out of their current … [Read more...] about You’ll soon get a better idea of guaranteed income from your 401k

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

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