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401(k) plans are designed to help in retirement, but if you don’t follow the rules, you may find yourself facing 401(k) withdrawal penalties. This is because the purpose of a 401(k) plan is to provide money following retirement from employment...

It is becoming more popular to take a 401(k) loan.  A December 2023 report found “more retirement savers have taken loans from their 401(k) accounts over the past year, suggesting that U.S. households are borrowing more readily as they feel...

The S&P 500 went up more than 20% for 2 years in a row, an impressive run that doesn’t happen often.  After 2 years of strong market performance, what should investors expect next?  Keep reading (or watch the video) below...

Tax season kicks off this week, and with it comes a handful of changes you’ll want to know about before filing your 2024 taxes.  From adjustments to standard deductions and tax brackets to updated rules on credits, contributions, and thresholds,...

Retirement savers, take note – 2025 is bringing big changes to 401(k) plans.  That’s because the SECURE Act 2.0 introduces changes that could offer investors new opportunities to enhance their retirement savings. These updates aim to make saving for retirement...

401(k) plans are a critical tool for many Americans striving to secure their retirement. These tax-advantaged accounts often represent a significant portion of an investor’s financial future. However, common misconceptions about 401(k) plans may hinder participants from optimizing their retirement...

If you know you need to make some changes in order to increase retirement savings in 2025, then keep reading. We’ve compiled 9 potential changes you can make to your saving, spending, and investing habits that may increase retirement savings...

As we wrap up 2024, it’s time to focus on personal finance tips for 2025. Make getting your financial house in order your main 2025 resolution. Not only is it possible, but it is also something many of us need...

America, it may be time to hit pause on spending. Even if just for a little while.  The statistics from Clever speak volumes: Nearly three-quarters of Americans (71%) have regrets about their spending, and a majority of Americans (55%) say...

The 2025 retirement savings rules may provide new opportunities for individuals to save more in their 401(k) plans.  This is due to the passing of SECURE Act 2.0 which passed in 2022, which many provisions set to take effect in...

If you’re between the ages of 60 and 63, 2025 marks a golden opportunity to supercharge your retirement savings.  Thanks to the SECURE 2.0 Act, the IRS is rolling out a special “super catch-up” 401(k) contribution limit, allowing eligible individuals...

Allianz Life’s 2024 Annual Retirement Study is out, and it shows a whole lot of Americans lack plans for retirement income. In fact, more than half of Americans do not have a plan in place for retirement.¹ If that isn’t...

There are many Thanksgiving traditions we enjoy, yet often participate in them without knowing their origins. For instance, why do we eat turkey? Why do we watch a parade with giant inflatable character balloons?  And when did Friendsgiving become a...

As our parents age, it’s natural to start worrying about their financial well-being. But how do you approach a conversation about money with the very people who raised you? We get it. It’s awkward. According to a Bankrate survey, “Americans...

The IRS announced changes to retirement contribution limits to help workers boost their retirement savings with cost-of-living adjustments.  Whether you’re saving through a 401(k), IRA, or another retirement plan, these updates can help you plan to maximize your contributions and...