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
If you’re like most Americans, you’re searching for ways to save money on gas and utilities. As of press time, here’s where things stand: The current annual inflation rate in the U.S. has climbed to 9.1% from a year earlier, up from an annual rate of 8.6% the prior month and the largest gain since… Continue reading Practical Ways to Save Money on Gas and Utilities Right Now
The current economic and market environment uncertainty has a lot of investors nervous. And, rightfully, so. The market is ugly right now. Listen or read the news, and it’s all doom and gloom. While we are experiencing unpleasant market volatility, it’s important not to focus too much on the negative – as hard as it… Continue reading Inflation and the Market – What Every 401(k) Investor Needs to Know
For an investor, the only thing guaranteed is changing market conditions. And, we’re seeing a whole lot of it right now. It’s not only the market that’s volatile – gas prices, utilities, and food costs are putting a serious strain on investors’ pocketbooks. And interest rates are going up. The current amount of uncertainty naturally… Continue reading What to Do with Your 401(k) Right Now
