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The 401(k) Vesting Schedule: Why You Should Care

Depending on your 401(k) vesting schedule, it may take you up to 6 years to fully own your matching contributions. Unfortunately, the 401(k) vesting schedule isn’t always clear to everyone. In a recent Vanguard survey, “The firm found that only a third (33%) of respondents could correctly state whether their plan has a vesting schedule.”¹… Continue reading The 401(k) Vesting Schedule: Why You Should Care

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7 Strategies to Maximize 401(k) Savings in 2025

Whether you are planning to retire in 2 years or 20, you should be looking for ways to maximize 401(k) savings. Many Americans do not have nearly enough to retire, according to recent reports. According to the Retirement Income Institute and Alliance for Lifetime Income, “Thirty million Americans are expected to retire between 2024 and… Continue reading 7 Strategies to Maximize 401(k) Savings in 2025

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15 Ways to Save Money on Extracurricular Activities

As the school year creeps closer, most parents are laser-focused on notebooks, backpacks, and new shoes.  But there’s another major expense waiting just around the corner – and it’s one that often flies under the radar until it’s too late: Extracurricular activities. Whether it’s soccer, piano, art, or dance, after-school activities aren’t free – and… Continue reading 15 Ways to Save Money on Extracurricular Activities

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What Happens When People Stop Contributing to a 401(k)?

Given the uneasiness with the world and the economy, people have been asking more frequently if they should stop contributing to a 401(k). The short answer is no. History has shown that those who hang on and keep contributing, even during times of uncertainty, wind up with more money in the long run.  Unfortunately, many… Continue reading What Happens When People Stop Contributing to a 401(k)?

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What Happens to Your 401(k) after Divorce

Ending a marriage is hard enough on its own, but figuring out what happens to your 401(k) after divorce can make it even more complicated. This is because 401(k) accounts cannot simply be separated like other marital property.  Ben Storey, director, senior retirement product manager of Retirement Research & Insights at Bank of America, explains,… Continue reading What Happens to Your 401(k) after Divorce