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
While data shows more people are saving for the future, others are putting their financial futures at risk by taking 401(k) hardship withdrawals. 401(k) hardship withdrawals should be a last resort, but people are playing fast and loose with their retirement savings, as shown by recent reports from Vanguard, Bank of America, and Fidelity. According… Continue reading The Real Impact of 401(k) Hardship Withdrawals
The IRS recently announced a 2-year delay to the planned changes in catch-up contributions in 401(k)s and Thrift Savings Plans. The new rule requiring high-income investors to make catch-up contributions only to Roth 401(k) accounts will not take effect until 2026. This update comes as a relief to many who were concerned they might not… Continue reading IRS Announces 2-Year Delay to 401(k) Catch-Up Contribution Changes
With today’s economic landscape characterized by persistent inflation and rising interest rates, it’s no surprise that American households are feeling financial pressure. This has many Americans grappling with crucial financial questions: Should I pull back on my retirement savings contributions? Should I focus on paying off debt instead of saving for retirement? How do I… Continue reading Balancing Debt and Retirement Savings in 2023
One of the perks of employment is a 401(k). But what happens with the money you’ve accrued for retirement when you change jobs? The money is still there. But leaving behind an old 401(k) may be a costly mistake. Keep reading for the costly dangers of forgetting to roll over an old 401(k). Why So… Continue reading The Danger of Forgetting to Roll Over Old 401(k)s
Starting in 2024, new rule changes to 401(k) catch-up contributions go into effect for investors ages 50 and over. These changes impact not only where you can save more, but also if you’re even able to. Some might argue this new law is essentially a tax increase. And that hurts investors who are closer to… Continue reading Big Catch-Up Contribution Changes Coming in 2024
Everyone seems to have an opinion about target date funds. On one side, they make 401(k) investing easy. On the other, there can be a significant difference in performance over time from target date funds versus other plan options. In this article, we’re breaking down everything you need to know about target date funds so… Continue reading Are Target Date Funds the Best for Your Retirement Goals?
The Secure Act 2.0 brought about numerous changes to how we save for retirement, including when investors need to start taking required minimum distributions (RMDs). However, the IRS is making RMD changes yet again – this time delaying certain rules in order to provide a smoother transition not only for plan administrators, but also for… Continue reading IRS Delays Certain RMD Rules: What You Need to Know
Let’s face it. There’s a lot going on with the economy, the Fed, and the markets. It doesn’t help that in this 24/7 newscycle world we live in that the media sensationalizes headlines that cause panic and fear in investors. If you’re feeling doom and gloom or uneasy about your investments, it’s helpful to zoom… Continue reading Navigating the Market Right Now [Video Interview]
Saving for retirement is critical, but many in their 20s and early 30s put it off. It’s easy to see why. It’s not cheap to build a new life, buy a home, or start a family. Add in inflation, the high cost of housing, and rising interest rates, and it is understandable why many in… Continue reading Saving for Retirement When You Are In Your 20s
