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Saving for retirement is essential, and a 401(k) plan can be an effective way to have a comfortable retirement. Yet, according to a 2023 survey, 4 in 10 workers with a 401(k) don’t contribute.¹ If you are hesitant to set...

No two people spend or save the same way. What works for you may not work for someone else.  But there are tried-and-true ways to save more and build wealth for retirement.  Use the following 3 personal money moves to...

Americans are taking early withdrawals from their 401(k)s at record rates “across different ages and income levels.”¹  According to Capitalize, “Half of Americans have made early withdrawals from retirement savings. […] These withdrawals will cost Americans $6.12 billion in penalties...

The Roth 401(k) is gaining in popularity due to employers offering it inside their plans and also thanks to provisions in the Secure Act 2.0 that only pertain to the Roth option.  The question is, is it right for everyone? ...

The number of 401(k) millionaires has soared in recent months.   According to a Fidelity Q4 2023 Retirement Analysis report, “This quarter saw a 20% increase in 401(k) millionaires following Q3 2023. […] The number of millionaires in Q4 is also...

There is a looming retirement crisis.  It’s not a possibility. It’s about to be a reality for many Americans. According to a survey by Clever, “Two-thirds of retired Americans say the U.S. is in a retirement crisis (66%). The average...

Choosing between paying off student loans and saving for retirement is a reality for many Americans. But that’s about to change. A provision in the Secure Act 2.0 permits employers to consider student loan payments as qualifying contributions toward retirement...

We’ve been through a lot over the last couple of years, but 2024 is showing signs that things may be turning around. In 2024, we have had a really good market thus far. We hit new highs on the Nasdaq,...

Decades in the 401(k) space have made it easy for us to identify common 401(k) mistakes investors make. Obviously, the biggest 401(k) mistake is not contributing enough (or not even having a 401(k) plan). But even those who set up...

Will your 401(k) savings last in retirement?  It’s a question on the minds of a lot of 401(k) investors. Despite that, most people underestimate how much money they will need in retirement. Experts tend to recommend saving 80% of your...

With tax season right around the corner, it’s time to talk about what you need to know before you file 2023 taxes. According to the IRS, “Although the IRS will not officially begin accepting and processing tax returns until Jan....

It’s no secret that many Americans struggle to save for retirement. The hard truth is that this is often due to bad financial habits. Consider the fact that Americans’ credit card balances have gone up 40% over the last 2...

For those who wonder, “How much should I contribute to my 401(k)?” you’ve come to the right place. As much as we’d like to be able to tell you an exact amount to contribute, we can’t. It varies from one...

Many companies offer the option to contribute to a 401(k), and the company will match a portion of those contributions. However, many investors leave this “free money” on the table by not contributing enough to receive the full 401(k) company...

Many of us start the New Year resolving to do better financially, and based on reports from 2022, it’s easy to see why. A 2023 Bankrate survey found the following: “Americans are more than two times more likely to feel...