At some point in your working life, you’ll be handed a 401k plan packet full of information and investment choices, told to fill things out, and, if you’re lucky, someone might actually explain it all for you.
At least, that’s how it happened for me. Except, a couple of salesmen from the plan provider rushed through it in fifteen minutes.
When you know saving for retirement is important, it’s hard to put your trust in a tool that you don’t entirely understand. Luckily, I knew enough to get by while I researched the rest on my own.
The 401k plan is the staple retirement plan offered by employers these days. Yet, dealing with one can be overwhelming and tricky. Your 401k is more than just another retirement account. It’s your primary savings tool for retirement.
This guide will tell you everything you need to know about the traditional 401k plan, the rules and limits, so you can take full advantage of this employer-provided retirement tool. Continue Reading…
We’re a few short months away from the end of the year. Pretty soon it will be a new year and tax season again. This leaves you with a couple of options. One is to put things off till January or do the last-minute rush in April. The other, is to