401(k) Plans

Here’s a short pop quiz for you. How much are you paying in fees for your 401(k) account? No cheating. Don’t go look it up. Let’s be honest — you have no idea, do you? It’s okay. You’re not alone. A 2018 TDAmeritrade survey revealed that only about a quarter of people with employer sponsored 401(k) […]

Taking money from your retirement savings has always been a costly choice. There are tax implications, of course. You’ll also be borrowing from your own future, and losing out on any investment gains the money would have made if you left it alone. However, in the wake of a global health crisis and an uncertain […]

Employer contributions to your 401(k) retirement accounts are a big deal. Not only do they help you save for eventual retirement, but they also help organizations attract and retain talent. According to Fidelity Investments, the average 401(k) employer match in the United States reached a record level of 4.7% in 2019. That match increased the […]

You may or may not already know this, but it’s possible to borrow from your own 401(k) retirement fund. It’s hardly ever a great idea, though. You’re really only taking away from your own financial future. The money you borrow is really already yours. Except once you borrow it, it will no longer be invested […]