What to do if you don't have access to a 401(k) match If you don't have access to a 401(k) match, Shamrell says to still try saving 15% of your pre-tax income. Because you're reaching for the target without the extra cash infusion from your employer, "you're going to need...
My favorite part: You don’t have to do any extra work to reap these rewards. You can have the same investments in both accounts. But with one, you’ll end up with a lot more money. 401(k) matches: Double your money without any extra work This is where things really start to get...
Alternatives to a 401(k) loan Bottom line How to take out a loan from your 401(k) With a 401(k) loan, you can borrow money from your workplace retirement account and pay it back with interest. Both the balance payments and interest go back into your 401(k) account. The rate can ...
Furthermore, a silver 401k is a unique type of 401k that allows investors to hold precious metals, such as silver, within their retirement account. In a silver 401k, investors can hold precious metals, such as silver coins and bullion bars, unlike a traditional 401k, which is limited to pa...
A 401K allows employees to contribute a portion of their salary towards retirement and enjoy tax benefits on their contributions. However, when you leave your job or retire, you might be wondering what to do with your 401K. In such cases, rolling your 401K into a self-directed IRA can be...
Even if you aren’t one of those savers, financial advisors say some smart strategies can help you do better with what you have. Here’s how to invest when your 401(k) is maxed out, according to experts. The 401(k) account is useful — but not always the best A 401(k) allows ...
Is a 401k Right for Your Business? When it comes to retirement plans, there are a lot of options. You can choose from a number of different plans if you want to offer retirement benefits to your employees. Here are some of the most popular options: ...
There may be conditions where a 401(k) loan makes sense. A 401(k) loan allows you to take money from your 401(k) loan but repay the funds over a series of up to five years. You do get charged interest which you pay into your 401(k), and you may have to repay the full balanc...
. It allows you to have real-time access to your account information, contributing to a proactive approach towards managing your financial future. In this article, we will explore the advantages of checking your 401K balance online and provide you with a step-by-step guide on how to do it....
With a dollar-for-dollar match (aka a full match or 100% match), your employer puts in the same amount of money you do — again up to a certain amount. An example might be dollar-for-dollar up to 4% of your salary. In this case, if you put in 4% — in our example, 4% of...