It's possible to retire comfortably if you don't have a401(k) plan, but it's hard to beat this type of plan if you'resaving for retirement. The high contribution limits and employer match can really boost your savings. However, about one-third of workers in the U.S.don't have acc...
Before carrying out a 401(k) rollover, it may be helpful to talk to a financial advisor about your future plans. Key Takeaways: Moving funds from a 401(k) to another account, known as a rollover, is a common step when leaving a job or transitioning into retirement. If you have a...
Sole proprietors have access to solo 401(k) plans and SEP IRAs that can drastically increase the ability to save for retirement. Other high earners can take advantage of there being no contribution limits on annuities to enjoy tax-deferred income, too. “Solo 401(k)s are a great tool to...
If you’re working a full-time job, and your employer offers a 401k retirement plan, then accepting it should be a no-brainer. It’s a great way to stash money and rack up long term tax benefits, while also leveraging employer match contributions (aka free money). Here’s an odd thin...
Do you work in the retirement plan space? Are you interested in obtaining your own QKA credential so that you may catapult your career to the next level? Here are the basic time constraints of the credentialing program to get you started: You must have at least 2 years of experience in ...
(k) plan. Options typically include leaving it where it is, rolling it over to a new employer's plan, or opting for an individual retirement account (IRA) rollover. If you are about to change jobs, here's what you need to know aboutrolling overyour funds into a new employer's 401(...
Emily Brandon
“Keep in mind, though, that not everyone needs to save this high of an amount to support their lifestyle in retirement,” Tierney said. “If you’re already on track for retirement based on your current savings rate, you may want to consider putting those extra funds toward ot...
Contributing to a 401(k) is a great way to prepare for retirement: Because the money is automatically withdrawn from your paycheck, you won't be tempted to spend it before you retire. It's also tax-deferred, so there's more to invest now and, when you retire, you won't be bumped ...
Not having access to a retirement plan discourages many workers from saving what they should toward their later years. There are steps you can take — like fully funding an individual retirement account — to make sure you do not sacrifice your financial security. ...