Contrary to popular belief, there is more to maximizing your 401(k) savings than simply contributing more. There are things you can do that don’t require you to spend a single penny. If you want to maximize 401(k) savings in 2024, the time to plan is now. Keep reading for 7 things you can do that… Continue reading 7 Things to Help Maximize 401(k) Savings in 2024
A recent CNBC Your Money Survey reveals 46% of 401(k) investors are unaware of the specific investments in their workplace retirement plan.¹ Considering 401(k)s are most people’s largest asset, this is troubling. However, advisors cited in the article argue that this lack of knowledge may not necessarily be a cause for concern. Their reasoning? Many… Continue reading Do You Know What’s in Your 401(k)? If Not, You Should
In an ideal marriage, both spouses want the best for each other. This includes a comfortable retirement. Unfortunately, there is one 401(k) mistake married couples make without even realizing they are doing it. It may seem small, but it can make a big impact on your retirement future. The mistake? Not communicating and clearly deciding… Continue reading The #1 401(k) Mistake Married Couples Make
No one wants to come across as Scrooge during the holidays, but without managing holiday gift expectations, many people wind up saying, “Bah Humbug!” When we fail to manage holiday gift expectations, we tend to spend more than we should, and find ourselves in debt well into the new year. Both are outcomes no one… Continue reading How to Manage Holiday Gift Expectations
The IRS just announced contribution limits for qualified retirement plans for 2024. Keep reading below to find out exactly how much you can contribute for 2024, and start making plans now to do what you can to max out your retirement savings next year. 401(k) Retirement Plan Contribution Limits for 2024 401(k)s Employees with 401(k)s,… Continue reading Retirement Plan Contribution Limits for 2024
If you’re wondering if you should stop funding your 401(k) because you’re having a hard time making ends meet or are nervous about the economy, you aren’t alone. A 2023 CNBC Your Money Survey finds that “three quarters of working Americans (74%) say they are stressed about their personal finances these days.”¹ As a result,… Continue reading Why Now Is NOT the Time to Stop Funding Your 401(k)
A major factor in achieving your financial goals is being engaged with your finances and investments. This includes your 401(k). According to CNBC, though 401(k)s are the “most common retirement savings vehicles, 63 percent of Americans don’t understand exactly how it works.”¹ Additionally, when people in the survey were asked common 401(k) investor questions, only… Continue reading Answers to the 10 Most Common 401(k) Questions
To achieve retirement savings goals, it is crucial to not only protect your savings, but also ensure they grow at a rate that outpaces inflation. With inflation eroding our purchasing power and hard-earned money, many investors are wondering what this means for their 401(k)s. The good news is, a powerful tool that may help you… Continue reading Investing More in Your 401(k) May Help You Beat Inflation
It’s common financial advice – save enough in your 401(k) to get the company match. It’s great advice (after all, who doesn’t want free money?), but it may not be yours to keep should you change jobs or withdraw from your 401(k). This is because each employer match follows its own vesting schedule. And, if… Continue reading Don’t Lose Your Match: The Danger of Ignoring Your 401(k) Vesting Schedule
It feels good to wrap up things nicely before the end of the year, but there’s a lot to do. That’s where having a fourth quarter financial to-do list comes in. It helps you prioritize the things you need to do to ensure you are in your best financial shape going into 2024 and beyond.… Continue reading Boost Your Finances: Fourth Quarter Financial To-Do List
