People are quitting their jobs in record numbers, and that means many are leaving 401(k)s behind with their old employers. The “Great Resignation” took over the headlines in 2021 – and the trend doesn’t appear to be going away anytime soon. The latest Department of Labor statistics show more than 4 million people quit their… Continue reading The Great Resignation and Your 401(k) Plan
Most people have been taught not to discuss money, but if we’re honest, we all want to take a sneak peek into one another’s bank accounts, saving accounts, and 401(k)s. This isn’t because we have bad intentions. It’s simply because we want to know how we measure up. Let’s consider the state of retirement. You… Continue reading State of Retirement 2022: How Do You Measure Up?
If you’re concerned about your investments and the current market conditions for early 2022, you aren’t alone. The best way to avoid making costly financial mistakes is to understand what’s going on and the underlying factors at play. In this post (and video below), we hope to put things in perspective with our market commentary… Continue reading Market Commentary for Q1: What Every Investor Needs to Know
If you’re wanting to catch up on 401(k) savings and are over the age of 40, it may seem overwhelming when you think about how you’re going to do it. Fret not. With proper planning, informed action, and determination, it is still possible to catch up and enjoy a comfortable retirement. Just follow these 5… Continue reading 5 Ways to Quickly Catch Up on 401(k) Savings over Age 40
Looking for a way to get ahead on 401(k) retirement savings this year? Check out the list below of 7 things you can do today to help maximize 401(k) performance in 2022. #1 Don’t Stay with the Default Plan More and more employers are automatically enrolling employees in their 401(k) plans. In fact, more and… Continue reading 7 Things That May Maximize 401(k) Performance in 2022
The new year is upon us, which means it is the perfect time to create and finalize a financial checklist for 2022. 2021 appears to have been a better year financially for many American families. Why? Because many started financial planning for the first time. According to a study by Northwestern Mutual, “A third (32%)… Continue reading 10-Step Financial Checklist for 2022
2021 was a good year for 401(k) investors, and these popular 401(k) articles may be some of the reasons why. According to Bloomberg Wealth, “The ranks of 401(k) and IRA millionaires are exploding. The number of 401(k) accounts with balances of at least $1 million at Fidelity Investments grew 84% year over year to 412,000,… Continue reading 7 Most Popular 401(k) Articles of 2021
Christmas should be the most wonderful time of the year, but that won’t happen unless you slow down and unplug at Christmastime. You may be saying, “Unplug at Christmastime? That’s impossible!” There is just so much to see, and the fear of missing out is real. But where does this idea come from? It comes… Continue reading 5 Simple Ways to Unplug at Christmastime
Have you ever felt the urge to be generous at Christmas? There’s a good reason why. Think about the most popular Christmas films. They all have themes of being generous. In A Christmas Carol, Ebenezer Scrooge begins as a close-fisted man unwilling to give to any charitable causes, but upon being visited by three different… Continue reading Reasons to Be Generous This Holiday Season
People often ask us about using their 401(k)s for different purposes, and one of the most common questions is, “Should I borrow from my 401(k) to start a business?” This is an understandable question. According to the New York Times, “From the second half of 2020 through May 2021, the Census Bureau tracked the highest… Continue reading Should I Borrow from My 401(k) to Start a Business?
