Roger Wohlner
Small amounts add up– Your 401(k)’s from various jobs may not add up to much individually, but together, and over time, themoney can add up to a tidy sum. When you cash out your 401(k) every time you switch jobs you miss out on building wealth. So what should you do with y...
When you need cash, one of your first instincts may be to tap into savings.If you have an emergency fund saved up, that should be your first choice. But if you don’t and are thinking about drawing from your retirement savings, you’re probably wondering: What is a 401(k) hardship...
How much should I contribute to my 401k? Experts recommendcontributing at least as much to your 401(k) as your company is willing to match. If your employer match is 4% of your income, for example, you should contribute at least 4%. Beyond that, you can work up to investing 15% of...
The funds should be returned to you by the tax filing deadline, generally around mid-April. You’ll be taxed first in the year you overcontributed, and again in the year the correction occurs, says Denise Appleby of Appleby Retirement Consulting, an Atlanta firm that helps companies ...
Should you always max out your 401(k)? Actually, no. Making the most of an employer match by timing your 401(k) contributions Roth IRA Key benefits of putting money in a Roth IRA after maxing out your 401(k) Tax-deferred growth ...
How much should you save for a great retirement? How to Calculate Your Social Security Benefits Learn about the calculations that determine your Social Security benefits. How to start a solo 401(k) How to start a solo 401(k) Follow these steps if you're interest...
There is usually a cap on this benefit, though: You might put 10% of your paycheck into your 401(k), for example, but your company only matches the first 5%. Employer contributions can be a dollar-to-dollar or a partial match—say, 50 cents for every dollar you set aside. ...
Learn how big your emergency savings should be and where to consider keeping it. Content Type:Article Reading Time 7 min Save Visit Life Events Tools, resources, and tips to help you navigate life's big moments. Subscribe to Fidelity Viewpoints® Timely news and insights from our pro...
It shows you how fresh the data is:Don’t overlook the date of the last trade, which tells you how fresh the latest price quote is. Prices that are more than even a few hours out of date should not be relied on. Plus, pricing data on publicly available option chains may not be upd...