The IRS released their 401k contribution guidelines this week for the 2019 tax year. How much can you contribute to your retirement account in 2019?
401k Contribution Limits And Rules For 2015
As they do every October, the IRS released their 401k contribution guidelines this week for the 2015 tax year. How much can you contribute in 2015?
401(k) vs. IRA: What’s The Difference?
It’s the ultimate showdown: the 401(k) vs. the IRA. Which wins? Let’s define the terms and find the right investment strategy for you.
How To Do A 401(k) Loan: Pros And Cons Of Borrowing From A Retirement Plan
The 401(k) often has an option where you can take out a loan and pay yourself interest. There are risks to be aware of, however, when taking out a 401(k) loan.
401k Contribution Limits And Rules For 2011
We are contributing to a 401k in addition to our Roth IRA. Here are the contribution limits for 2011 for others who will also use a 401k
Nearly A Quarter of Fidelity’s 401(k) Accounts Have Loans Against Them. Why This Is A Bad Idea.
A while back I wrote an article about 401k loans and taking early withdrawals from your retirement account. I talked about the penalties you could face, and explained why I think it’s a bad idea. This week I was reading some economic news and came upon an article on Reuters.com that gives a startling statistic […]
Important Inheritance Tips For Your 401(k)
Most people are busy learning about a 401(k), taking steps to set it up and choose the right investments. But how often do you think about what will happen to your retirement savings if something were to happen to you? To be honest, such thinking has been off my radar screen, but after getting a […]
Reader Question: Is It A Good Idea To Get A 401k Loan To Pay Off Debt?
I had a question posed to me this week about 401k loans, and whether they were a good idea. The person said they were considering using a 401k loan to pay off some higher interest credit card debt. The rationale behind doing this was that they’d rather pay themselves interest than the credit card company, […]
Is Your 401k Losing Money? DON’T PANIC!!!
With the economy in the middle of a giant plunge, it is getting harder and harder not to feel a little panicked when you watch your 401k balance drop by $10-20,000 or more. In the last 6 months my wife and I have watched our 401k do just that. A poll on CNN Money says […]
