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Categorized as 401(k) Mistakes, Financial Health, Retirement Savings

The High Cost of Raiding Your 401(k)

April 17, 2023 401(k)s are often the largest asset people have for retirement. We save year after year, paycheck after paycheck, with the goal to have a comfortable retirement.  However, there are times when we may be tempted to dip into our retirement savings before we reach retirement age. While it may seem like an… Continue reading The High Cost of Raiding Your 401(k)

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Categorized as Financial Health, Retirement Savings

The Banking Crisis: What Investors Need to Know [Video Explanation]

The Banking Crisis: What Investors Need to Know [Video Explanation] March 20, 2023 In Financial Health, Retirement Savings There’s a lot of concern about the banking industry following the collapse of the Silicon Valley Bank (SVB).  So what happened and how does this affect the average 401(k) investor? Keep reading to find out.  What Happened… Continue reading The Banking Crisis: What Investors Need to Know [Video Explanation]

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Categorized as Financial Health

Cyberattacks Are Increasing: How to Prepare

March 13, 2023 In Financial Health When it comes to preparedness, we tend to focus on preparing for our financial futures.  Unfortunately, this often includes providing our readers with tips for avoiding becoming the victim of cybercrimes. Victims of cybercrimes suffer personal and financial identity theft, stolen money, fraud, embezzlement – not to mention the… Continue reading Cyberattacks Are Increasing: How to Prepare

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Categorized as 401(k) Mistakes, Financial Health, Retirement Savings

401(k) Hardship Withdrawals – What You Need to Know

February 20, 2023 A record number of Americans are taking hardship withdrawals and tapping into their 401(k)s.  According to Fidelity, “Participants taking hardship withdrawals from their accounts rose to 2.4% last year, up from 1.9% in 2021.”¹ This represents the highest share of hardship withdrawals recorded by the financial services firm.  Vanguard also recorded a… Continue reading 401(k) Hardship Withdrawals – What You Need to Know

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Categorized as Financial Health, Retirement Savings

What 401(k) Investors Need to Know: Market Update for Q1

What 401(k) Investors Need to Know: Market Update for Q1 January 23, 2023 In Financial Health, Retirement Savings Last year was a bumpy ride for the market, and many investors are rattled.  We’ve talked before about how the market goes up 80% of the time. But this also means it goes down 20% of the… Continue reading What 401(k) Investors Need to Know: Market Update for Q1

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Categorized as Financial Health, Retirement Tips

10 Most Popular 401(k) Articles of 2022

December 26, 2022 In Financial Health, Retirement Tips Between market volatility and inflation, 2022 was a stressful year financially for many of us. So, it’s no surprise that readers were looking for 401(k) articles to help them understand what they should and should not do when it comes to their retirement savings. 401(k) balances fell,… Continue reading 10 Most Popular 401(k) Articles of 2022