As you near retirement, it’s crucial you do what you can to maximize your 401(k) performance after age 55. No matter how much you have saved or whether you plan on retiring at 62, 65, or later, now is the time to either catch up on or further increase your 401(k) retirement savings. What you… Continue reading 5 Ways to Maximize 401(k) Performance after 55
What’s the one correctable behavior–when done four times a year–that studies show may improve 401(k) performance by 3% 6 ? It doesn’t require you to contribute more each paycheck… Nor do you have to inject a large sum of cash into your 401(k)… It’s as simple as properly rebalancing your 401(k) four times a year. … Continue reading The #1 Correctable Behavior Studies Repeatedly Show Improves 401(k) Performance by 3%
As pension freezes and cancelations of retiree healthcare benefits continue to make headlines, now more than ever, your 401(k) needs to be your foundation for retirement. The days of our grandparents’ three-legged stool of retirement are gone. No longer is the pension the foundation, followed by Social Security, and last, personal savings. You now have… Continue reading With Pensions Disappearing, 401(k)s Are the New Foundation for Retirement
Funding the maximum contribution to your 401(k) or IRA isn’t the only way to boost retirement savings. Yes, consistently contributing as much as you can–and starting as early as possible–makes a huge difference in your retirement lifestyle. However, there’s one simple thing that may potentially have a significant impact on your retirement savings… Seeking third-party… Continue reading One Simple Way to Boost Retirement Savings without Contributing More
Fourth quarter is here, and that means there’s no better time to evaluate where you are versus where you want to be financially come the end of the year. Here are 22 financial tips for fourth quarter–follow these, and you’ll end the year strong! #1 Review Your Year-to-Date Progress Review your 2019 financial goals and… Continue reading 22 Financial Tips for Fourth Quarter
If you have a new employer, and they offer a workplace retirement account, there are important questions to ask before signing up for a 401(k) plan. Each 401(k) plan is unique, which is why it’s important to find out about the details of your company’s plan as well as your options. It’s critical you know… Continue reading 6 Questions to Ask Before Signing Up for a 401(k) Plan
It’s not enough to simply save. If you want the retirement lifestyle you desire, you have to maximize your 401(k) savings. According to a newly published report, Americans are contributing more to their 401(k)s than in previous years. Fidelity® 2019 Retirement Analysis reports the average 401(k) balance saw a 2% increase from $103,700 in Q1… Continue reading 4 Ways to Maximize 401(k) Savings
Whether retirement is a few years or decades away, it’s important that investors do what they can to maximize their 401(k) account performance. Here are 7 401(k) mistakes investors should avoid if they want to potentially have more income at retirement. #1 Not Regularly Reading Your 401(k) Statements Many employees are apathetic about… Continue reading 7 401(k) Mistakes Every Investor Should Avoid
Planning for the type of retirement lifestyle you want is important so you don’t retire and realize you’ve underbudgeted retirement expenses. Depending on the retirement lifestyle you want and can afford, some expenses will go down, while others may go up. For example, if you downsize or move to a less expensive city, your housing… Continue reading The Real Cost of Retirement: 4 Most Underbudgeted Retirement Expenses
If you’re in your 40s, 50s, or 60s, and you need to quickly catch up on retirement savings, don’t be discouraged. With planning and a focus on saving and investing, it is possible to make up for lost time. #1 Figure Out How Much You Need If you’re behind on retirement savings and don’t… Continue reading 9 Simple Ways to Catch Up on Retirement Savings
