401(k) Plans

The accepted wisdom in financial circles is that you should never take money from a retirement account early. Most advisers are strictly against the idea of withdrawing funds from a 401K, IRA, RRSP or TFSA. They will say it’s the same as stealing from yourself. And your future. However, the reality is that life happens. […]

When you are searching for a new job, one of the things you should be looking for in a company is whether or not they offer a 401K plan. Why? Because a 401K is one of the best ways to save for retirement, guaranteed.

Regardless of your age, it is important for you to start saving for your retirement. The statistics on retirement savings are startling. According to CNBC, people between the ages of 55 and 64 only have a median of $120,000 in retirement savings, which is just 12 percent of the $1 million that is recommended by experts. Whether you are in your 20s and just starting out or trying to catch up as you approach your golden years, there are some tips that you can follow to increase your retirement savings.