If you want to be rich, you must have afinancial educationand control over your money and your investments. This is why investors like Robert Kiyosaki like to invest in their own business, purchase real estate, and create products; they have a lot of control over those investments. Generally...
Retirement plans such as IRAs, 401(k)s and 403(b)s are heavily taxed when you withdraw money. This looming tax-trap is a ticking time bomb that could blow up your retirement dreams. Your looming tax-trap could be 6 figures. The tax-free pension alternative gets rid of taxes on future...
Keep accounts together– If you have 401(k)’s from previous employers, as well your own IRA, you may want to roll everything into one IRA so you can better manage your money. With everything in one account it is much easier to pay attention to asset allocation and you re-balance all...
Your 401(k) plan is held for your benefit. Your employer cannot keep your 401(k) plan after you leave your job. The company must release this money to you in some form. When you leave your employer, you may take the money with you even if it is one of the companies with the best...
A 401(k) account can be a surprisingly powerful aid in securing a financially sound retirement, particularly if you’ve been making annual contributions, and especially if your employer has been matching those contributions. (That’s free money!). That’s not to say these accounts are perfect...
When you find your 401(k) balance, you might notice that some of the account is vested and some of it isn't. Amounts that are vested are yours no matter what; if you leave the company, you get to take that money with you, but you would lose any unvested amounts. You're always...
Well, if that was your answer, you are probably in the majority. That’s the general overall rule regarding withdrawal of IRA and 401(k) money. And definitely, you should be able to withdraw money from your account after that age without penalty (unless it’s in a 401(k), you’re...
And if you’re lucky enough to work for an employer who has a 401k or 4 0 3 B and matches your savings, the power of compound returns and free money means that the earlier you can get some money to work, even a little bit is, is huge....
I recommend everyone have a retirement plan review, regardless of their age, or the amount of money they have. Taking an hour out of your day today can have an immense return on your investment and help you understand what you need to do to realize the retirement of your dreams. ...
if a woman doesn’t push to ask for more money in her first job, she stands to lose more than $500,000 by the time she reaches age 60. So if you want that raise, go ask for it. Otherwise you won’t be able to afford that time machine to go tell your younger self to ask fo...