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Category: Retirement Tips

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Categorized as Retirement Savings, Retirement Tips

3 Reasons to Get the 401(k) Company Match in 2024

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 match. If your employer offers a 401(k) company match, 2024 is the year to take… Continue reading 3 Reasons to Get the 401(k) Company Match in 2024

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Categorized as Financial Health, Retirement Tips

10 Most Read 401(k) Maneuver Blogs of 2023

Years of economic hardships have sent many people online searching for helpful 401(k) articles. A 2003 Bankrate study found that “Americans are more than two times more likely to feel financially insecure than secure. Slightly more than 1 in 4 (28 percent) Americans say they are completely financially secure. That compares with the majority (72… Continue reading 10 Most Read 401(k) Maneuver Blogs of 2023

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Categorized as Retirement Savings, Retirement Tips

5 Major Changes Coming to Your 401(k) in 2024

The Secure Act 2.0 is bringing numerous changes to your 401(k) in 2024.  The 2022 legislation had over 90 provisions in it that encourage more people to save for retirement and to help grow their retirement savings. This year we saw many of these provisions take effect. And there are more changes rolling out in… Continue reading 5 Major Changes Coming to Your 401(k) in 2024

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Categorized as 401(k) Mistakes, Retirement Savings, Retirement Tips

Do You Know What’s in Your 401(k)? If Not, You Should

A recent CNBC Your Money Survey reveals 46% of 401(k) investors are unaware of the specific investments in their workplace retirement plan.¹  Considering 401(k)s are most people’s largest asset, this is troubling.  However, advisors cited in the article argue that this lack of knowledge may not necessarily be a cause for concern.  Their reasoning? Many… Continue reading Do You Know What’s in Your 401(k)? If Not, You Should

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Categorized as Retirement Savings, Retirement Tips

Retirement Plan Contribution Limits for 2024

The IRS just announced contribution limits for qualified retirement plans for 2024.   Keep reading below to find out exactly how much you can contribute for 2024, and start making plans now to do what you can to max out your retirement savings next year. 401(k) Retirement Plan Contribution Limits for 2024 401(k)s Employees with 401(k)s,… Continue reading Retirement Plan Contribution Limits for 2024

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Categorized as Retirement Savings, Retirement Tips

Answers to the 10 Most Common 401(k) Questions

A major factor in achieving your financial goals is being engaged with your finances and investments. This includes your 401(k). According to CNBC, though 401(k)s are the “most common retirement savings vehicles, 63 percent of Americans don’t understand exactly how it works.”¹ Additionally, when people in the survey were asked common 401(k) investor questions, only… Continue reading Answers to the 10 Most Common 401(k) Questions

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Categorized as Retirement Savings, Retirement Tips

IRS Announces 2-Year Delay to 401(k) Catch-Up Contribution Changes

The IRS recently announced a 2-year delay to the planned changes in catch-up contributions in 401(k)s and Thrift Savings Plans.  The new rule requiring high-income investors to make catch-up contributions only to Roth 401(k) accounts will not take effect until 2026. This update comes as a relief to many who were concerned they might not… Continue reading IRS Announces 2-Year Delay to 401(k) Catch-Up Contribution Changes

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Categorized as Retirement Savings, Retirement Tips

Balancing Debt and Retirement Savings in 2023

With today’s economic landscape characterized by persistent inflation and rising interest rates, it’s no surprise that American households are feeling financial pressure.  This has many Americans grappling with crucial financial questions:  Should I pull back on my retirement savings contributions?  Should I focus on paying off debt instead of saving for retirement?  How do I… Continue reading Balancing Debt and Retirement Savings in 2023

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Categorized as Retirement Savings, Retirement Tips

Big Catch-Up Contribution Changes Coming in 2024

Starting in 2024, new rule changes to 401(k) catch-up contributions go into effect for investors ages 50 and over.  These changes impact not only where you can save more, but also if you’re even able to.  Some might argue this new law is essentially a tax increase. And that hurts investors who are closer to… Continue reading Big Catch-Up Contribution Changes Coming in 2024