The question of whether to pay off debt or contribute more to a 401(k) is an important one — and one with no definitive answer. After all, no two investors are created equal. There are also numerous factors to consider when answering the question, such as how on track you are to meet your retirement… Continue reading Should I Pay Off Debt or Contribute More to My 401(k)?
Another year around the sun means another year closer to retirement. For 401(k) investors who are behind on retirement savings and for those looking to get ahead in 2021, here are 6 ways that may jumpstart retirement savings in 2021. #1 Contribute as Much to Retirement Savings as Possible The IRS has new retirement plan… Continue reading 6 Ways That May Increase Retirement Savings in 2021
2021 is officially here, and we are all hopeful it will be better than the last. 2020 might have derailed many of our financial goals, but the silver lining is that it showed us how important it is to financially plan for the future. If you haven’t already, get started on your financial checklist for… Continue reading 16-Point Financial Checklist for 2021
There are many ways investors can increase 401(k) savings ‒ from maxing out yearly contribution limits to rebalancing account allocations at least 4 times a year. However, one of the best ways to increase retirement savings is one that is often overlooked by many investors: gaining the necessary education and becoming proactive about retirement savings. Keep… Continue reading 4 Resources That May Help Increase 401(k) Savings
2020 has been a real grinch. Given everything that has happened this year, it would be easy to throw our hands up and just say, “Bah Humbug!” To top it all off, the authorities are telling us to stay home. According to the CDC, “As cases, hospitalizations, and deaths continue to increase across the United… Continue reading 9 Ways to Entertain the Family This Holiday Season
The SECURE Act retirement bill went into effect in January 2020 with the intention of helping more Americans have greater access to retirement savings and avoid running out of money during retirement.¹ Most of the changes under the SECURE Act retirement bill went into effect in 2020 – including changes to the required minimum distribution… Continue reading Important SECURE Act Retirement Bill Changes Coming in 2021
With pensions disappearing and the future of social security unknown, American workers are now largely responsible for their retirement savings. For many employees, a 401(k) is their largest asset come retirement. Yet, too many investors set up their 401(k), contribute each paycheck, and do little else with it. Contrary to popular belief, growing your 401(k)… Continue reading 4 Things That May Help Maximize 401(k) Savings in 2021
Maxing out yearly 401(k) contribution limits is the best way to ensure investors boost 401(k) savings and have enough money to retire comfortably. But, this isn’t always feasible. Consistently contributing as much as you can and meeting the company match may also make a huge difference in your retirement lifestyle. There is one thing you… Continue reading Can I Boost My 401(k) Savings without Contributing More?
When we think about Thanksgiving, we envision a delicious meal around a table with our family and friends, football, parades, and Black Friday shopping. Except this year…which is a bit different. In the middle of all the traditional Thanksgiving fun, we’re betting there will be lots of post-election and pandemic conversations at your small gathering.… Continue reading 10 Fun Thanksgiving Facts and Trivia to Entertain Guests
Whether retirement is right around the corner or years away, there’s no better time than the present to start preparing for it. According to the Report on the Economic Well-Being of U.S. Households in 2019, featuring Supplemental Data from April 2020, a majority of non-retirees are worried about making retirement mistakes. The study revealed: One-fourth… Continue reading 12 401(k) Retirement Mistakes Investors Make
