If you’re one of the millions of people who recently left a job, there’s one thing that’s worse than leaving behind your 401(k) with a past employer – and that is making a very costly 401(k) rollover mistake. More than 4 million people have left their jobs each month in the U.S. so far in… Continue reading The #1 401(k) Rollover Mistake – Avoid This at All Costs
If you’re thinking about making a 401(k) withdrawal right now to pay off high-interest debt, help make ends meet, or have extra cash on hand, you may want to think again. Or at least educate yourself on the possible consequences, so you make the move with eyes wide open. Keep reading to find out the… Continue reading Why a 401(k) Withdrawal Should Be Your Last Resort
We all have bad money habits, and many of us don’t even realize it’s these habits that prevent us from reaching our financial goals. Over time, bad money habits compound. And, then, one day in the future, we wake up and wonder how the heck we got into so much debt and have so little… Continue reading 7 Bad Money Habits That Keep You Poor
September 9 is National 401(k) Day, and to help you get in the spirit, we’re sharing 7 ways to use this tool to potentially change your life in retirement. But first, a bit about this holiday. It was started by the Plan Sponsor Council of America (PSCA) back in 1996 to encourage companies to help… Continue reading The Time Is Now to Get Engaged with Your 401(k)
Generally speaking, taking out a 401(k) loan should be your last resort. Yes, there are times when it may make financial sense, such as borrowing to make the down payment on a new home or because you’re in dire financial need. And with the cost of living skyrocketing in the last year, it may be… Continue reading The Downside of 401(k) Loans: Investors Beware
It’s critical to your retirement savings and to your future retirement lifestyle to understand what you’re invested in. If you have a 401(k), this begins with asking questions – the right questions about your 401(k). Keep reading for the 9 most common 401(k) questions and answers investors have. #1 Can I Change the Default Investment… Continue reading 9 Common 401(k) Questions – Answered
Target date funds (TDFs) do exactly as the name suggests – they are designed to target your anticipated retirement date. Instead of having to choose a number of investments and create a portfolio, you select a fund that will help you reach retirement income goals. So, if you’re younger and plan to retire in 2060,… Continue reading 3 Ways Target Date Funds May Hurt 401(k) Investors
Many workers leave a 401(k) behind after switching jobs for a variety of reasons: It’s not a top priority, they don’t know what to do with it, or they simply forget about it. Zippia, a company that helps people find career options, pulled data on the average jobs in a lifetime. Here’s what they found: … Continue reading 4 Reasons to Move Your Old 401(k)
We tend to think booking a last-minute vacation is a mistake. We worry we won’t be able to find a place to stay or that we will spend more money because prices will rise. This isn’t always the case. There are actually several ways you can save money when booking a last-minute vacation, such as… Continue reading Tips for Booking a Last-Minute Vacation on the Cheap
If you are like most parents, you’re looking at ways to save money on back to school shopping. Between gas prices and inflation, the idea of spending a ton of money on school supplies and new clothes for kids is stressing many parents out. A recent survey found, “Parents are worried about being able to… Continue reading 13 Unique Ways to Save Money on Back to School Shopping
