401(k)

4 Reasons 401(k) Tax Reform Could Decimate the Middle Class

As if we didn't already have poor saving habits, a Republican proposal to alter the treatment of 401(k) contributions could cripple the middle …

Retirement

9 Ways to Build Wealth in Your 50s

Here's how to shore up your finances in the final push to retirement.<p>Midlife is filled with challenges and opportunities. Yes, you might be in the …

Retirement

12 Smart Retirement Moves You Can Make Right Now

Leaving your retirement to chance is very risky. These moves can improve your future financial security by helping you not run out of</i> …

Retirement

How To Set Up Your Emergency Fund

Your emergency fund can help you cover the cost of life’s unpleasant surprises like medical bills, car repairs or even job loss. Without one, these unfortunate situations could be even worse, as you could face some tough decisions when things don’t go according to plan.<p>Do you turn to credit card …

Personal Finance

Have You Asked Yourself These 3 401(k) Questions Lately?

Though not everyone gets access to a 401(k), a good 79% of U.S. employees work for companies that sponsor these plans. And those who choose to participate in their employers' 401(k)s stand to reap a number of benefits. Not only are 401(k) contributions tax-free, but the associated annual limits are …

Retirement

Thinking about taking a 401k loan? What you need to know

There’s a trend among 401(k) participants that keeps me up at night. I hesitate to mention it because if you don’t know about it, that’s one less person who’s losing money. Chances are you’ve heard about it, though. It’s the 401(k) loan.<p>There. I said it. You know about it. Now, let me tell you why …

Personal Finance

Americans found a loophole to save more for retirement—here's exactly how to use it

More and more Americans are using a health savings account (HSA) to supplement their retirement savings: As of June 2016, people had opened 18.2 …

Retirement

These Powerful Corporate Executives Could Make a Run at the Presidency in 2020

Donald Trump's presidential victory last November opened the door to a new way of thinking as it pertains to leadership in the oval office. For …

Investing

Millennials Are Great at Saving Money but Reluctant to Invest It

That market crash when they were growing up probably has something to do with it.<p>A millennial is anyone born between the early 1980s and 2000, give or take a few years. The group before them is known as Generation X. And recently, a small slice in-between (1977-1983) was defined as xennials. …

Retirement

No 401(k)? No Problem. You Can Still Save for Retirement

If you don’t have a 401(k), you might feel alienated by a lot of the retirement savings advice out there: The first recommendation is often to save …

Retirement

Keep These Budget Tips in Mind Before You Spend Your First Paycheck

There is nothing more satisfying than receiving an alert from your bank informing you that your paycheck was deposited in your account.<p>The character …

Personal Finance

Direct vs. Indirect IRA Rollovers: Which Is Best? | Investopedia

If you’re considering moving your IRA or a former employer’s retirement plan, there are two ways to make it happen - direct and indirect rollover. In …

Retirement

10 Arcane Laws That Are Still On the Books

Many states still have arcane laws on the books which are not only complex, but also obscure ones riddled with many loopholes that can stymie a …

Investing

How to Unlock Your 401(k): In-Service Withdrawals | Investopedia

Can you rollover your current employer 401(k) account to a self-directed IRA or solo 401(k) plan? Rolling over funds from a current employer 401(k) …

Retirement

I've switched jobs. Can I take my 401(k) with me?

Saving for your retirement should not be contingent on which employer you work for. Learn how you can carry your 401k over from your old job to …

Retirement

‘Angst’ and ‘uncertainty’ draw hundreds of teachers to town hall on pensions

Wearing badges that said “A Pension is A Promise,” an estimated 200 members of the Fayette County Education Association asked state lawmakers to …

Education

Uber in London Gets Its License Pulled

Uber Technologies Inc.'s drive into the U.K. market hit a major roadblock on Friday, Sept. 22, when Transport for London, which both operates and …

Uber

Is Your 401(k) Plan Suffering From Hidden Fees? | Investopedia

In most 401(k) plans, a majority of the fees are made clear in the plan and fund service agreements. However, plan sponsors and advisors may be …

Retirement

The Couple's Guide to Medical Expense Planning in Retirement | Investopedia

Medical expense planning is an important part of overall planning for retirement. While many elements of health insurance are based on the …

Retirement

This Innocuous Sounding Phrase Is Actually a Mortal Threat to Your Retirement Planning

"Sequence of returns" is a bit of jargon you better understand if you want your money there when you really need it.<p>When it comes to saving for retirement, we are facing all kinds of risks, from skyrocketing healthcare costs to running out of money because we're living longer than we expected.<p>Now …

Retirement Planning

Investing: 5 ridiculously silly mistakes no one needs to make

It's easy to avoid these pitfalls -- if you know about them.<p>Many people think investing is hard, but it doesn't have to be. If you can avoid the needless mistakes that so many investors make, then you'll find yourself far ahead of the crowd. The following five errors might sound ridiculous to you, …

Retirement

A 401(k) Loan Is a Terrible Idea Until It Isn't

Your 401(k) isn't your personal piggy bank, but that doesn't mean you can't take a loan from it.<p>Financial advisors absolutely hate the fact that …

Personal Finance

The 411 on Roth vs Regular 401ks

Field Work<p>The 411 on Roth vs Regular 401ks<p>Traditional 401(k) or Roth 401(k)?<p>Workers usually don’t know the difference. Yet employers increasingly are …

Retirement

How to pick smarter investments in your U.S. Thrift Savings Plan - MarketWatch

Nearly five million people have some or all of their retirement savings in the U.S. government’s Thrift Savings Plan (TSP), and many of them probably …

Investing

Rollovers keep IRAs relevant by preserving tax shelter

Most Americans don't contribute new money to Individual Retirement Accounts. Even fewer take advantage of catch-up contributions. But rollovers? They remain a vibrant area of IRA activity, with continuing growth likely ahead as more Baby Boomers retire and younger workers switch jobs.<p>Rollovers …

Retirement

When Should You Consider a Roth 401(k)?

The Roth 401(k) is a 21st Century invention, made official just in 2006. And it has been offered by an increasing number of employers every year …

Retirement

When You Lose a Loved One Who Handles All the Money

It's not uncommon for one person in a couple to take the lead in finances, but that can cause big problems later on.<p>Robert and Shirley were a typical …

Retirement

Bookmark This: A Step-by-Step Guide to Choosing 401(k) Investments

It's no secret that 401(k) fund options are notoriously opaque. While target-date funds provide convenience to investors, they often come with higher …

Investing

How do you pay for tax cuts? Republicans can't agree

Figuring out who should get tax cuts and how big they should be is child's play compared to agreeing on how to pay for them.<p>The tax reform debate is in serious flux, still devoid of key details and marked by far more open questions than answered ones.<p>While Republicans agree on cutting tax rates, …

Senate Finance Committee

Ask Brianna: How Can I Budget When My Rent Is So High?

<i>“Ask Brianna” is a Q&A column for 20-somethings or anyone else starting out. I’m here to help you manage your money, find a job and pay off student</i> …

Personal Finance