Make Smart Money Decisions
A 401k plan is a common retirement savings tool that allows employees to save and invest a portion of their paycheck before taxes. However, like many financial systems, 401k plans have their rules and regulations. One of the key concepts …
When managing your 401(k), rebalancing plays an important role in maintaining a healthy portfolio. But many people wonder: Does rebalancing 401(k) cost money? The short answer is, typically, no. However, there are several factors to consider that could indirectly lead …
If you’re considering buying a car but don’t have enough funds, you may wonder, “Can I use my 401(k) to buy a car?” The short answer is yes, you can use your 401(k) funds through a loan to purchase a …
Going through a divorce is never easy, and one of the most important aspects to consider is the division of assets, especially when it comes to retirement funds like your 401k. It’s common for people to ask, “Can ex-wife claim …
When it comes to saving for retirement, a 401(k) is one of the most common and effective tools available. One of the most powerful aspects of a 401(k) is the potential for compound interest, which can significantly grow your retirement …
Contributing to a Solo 401(k) is a smart move for self-employed individuals and small business owners looking to save for retirement. However, understanding how to report Solo 401(k) contributions on your tax return can be a bit tricky if you’re …
When you think about a 401(k) plan, you likely imagine a full-time employee working a typical 40-hour week. But what if you’re working part-time? Can you get 401k part-time? The good news is that recent changes under the SECURE Act …
401(k) retirement plans are one of the most popular ways for employers to help their employees save for retirement. Employees rely on these contributions to build a secure future. However, there are situations where employers may stop contributing to an …
When it comes to your 401(k) retirement plan, understanding how plan compensation works is essential for both employees and employers. One of the most critical factors in determining how much you can contribute to your 401(k) is the amount of …
Retirement planning is a long-term goal, but sometimes, things change. If you’re an employer or a plan participant, you might wonder: Can I terminate my 401(k)? While the primary purpose of a 401(k) plan is to provide a retirement savings …