Presidential candidate Joe Biden is proposing a critical change to employer-sponsored 401(k) plans: giving everyone a percentage tax credit based on how much they contribute.
Continue readingSmall 401(k) Plans Cost More Than Large 401(k) Plans…
…and it’s preposterous!
Plans with fewer assets are charged more for managing/administering a 401(k) than plans with more assets, according to data from the 401k Averages Book 19th Edition. And, that is not the only driver for cost disparity. Even plans with similar account balances may be charged differently.
Continue reading401(k) Fees Eat Your Retirement; Here’s What You Can Do About It
Did you know that almost 40% of 401(k) participants believe they don’t pay fees; about 20% didn’t even know there were fees associated with their 401(k); and, about 15% don’t understand how fees are calculated. Yet, nearly every 401(k) provider charges fees. So, how do you determine what fees you are paying, and how much those fees cost you in retirement?
Continue readingSinking in 401(k) Fees? Here’s What You Can Do
Most surveys that poll 401(k) participants have “no idea” if their investments are “good, bad, or ugly.” And, when you are planning for retirement, you want to know that the funds you are investing are generating wealth and not just sucking money out of your account due to hidden or overpriced fees.
Continue readingTraditional 401(k) Versus Roth 401(k) – What’s The Difference?
When it comes to selecting between a Traditional 401(k) vs. a Roth 401(k), you may be wondering which is the better choice. Both are great retirement vehicles, but they do differ. Here are a few points to consider when selecting between a Traditional or Roth 401(k).
Continue readingThe Thirties: When Adulting Gets Real
Investing can start at any age, and starting when you are younger help you achieve your goals, and setting these 3 investment goals in your 30s will help you plan for a better tomorrow.
Continue readingInvesting in Your 20s
Even though it may seem far off, your 20s are a crucial time for investing. Whether you’re debating the right level of risk for your goals, weighing paying debts or investing, or choosing the best retirement account, making the right decisions now will help you build a strong financial foundation for the future.
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