Submitted by Wayne Fourman on Tue, 09/30/2014 - 12:00pm
Too many Americans don’t understand how their 401(k) plans work, and how to take full advantage of this excellent retirement savings vehicle. Such neglect is very harmful to their long-term well-being.
Submitted by Jeff Stimpson on Sat, 09/27/2014 - 3:00pm
The 401(k), launched almost 30 years ago as a retirement savings alternative for federal civilian employees, now constitutes most working investors’ main nest egg, if not an entire household’s primary asset. Still, investors risk their future with confusion about details of these accounts.
These vehicles are typically “the place to start with savings,” said Ken Weingarten, president of Weingarten Associates in Lawrenceville, N.J., and speaker at an advisory panel.
Submitted by David John Marotta on Wed, 09/24/2014 - 12:00pm
Bequeathing some assets to your favorite charity, rather than leaving it to your heirs, can spare them potential tax headaches and help a needy cause in times of tight budgets. Before you donate, though, think how your heirs might react and do your homework on the charity itself.
Submitted by Cherice Chen on Tue, 09/23/2014 - 3:00pm
The youngest baby boomers are turning 50 this year. If you haven’t already, it’s about time to give retirement planning some serious thoughts. Advisors have a list of basic must-dos for people in this life stage.
“People who come to me in their 40s and 50s are really looking at maximizing everything they can do to prepare for retirement,” said Eve Kaplan, founder of Kaplan Financial Advisors during an advisor panel.
Submitted by Ryan J. Klekar on Thu, 09/11/2014 - 3:00pm
When did you last evaluate your company’s retirement plan? If you’re like many people, your 401(k) or profit-sharing plan constitutes the largest – or at least one of the largest – investment accounts in your portfolio. Here’s how to make sure it’s the best plan for you.
Many factors help you evaluate your plan, including the total expenses, investment options, guidance provided and your company match.
Submitted by Jim Blankenship on Thu, 08/21/2014 - 12:00pm
The 401(k) retirement plan, which your employer sponsors, is now ubiquitous in U.S. workplaces, with 51 million people signed up. But too few investors understand these vehicles. Here is an owners’ manual, vital for your financial well-being.
Submitted by Jim Blankenship on Fri, 08/15/2014 - 12:00pm
Beginning in 2013, you could roll over all your standard 401(k) funds to a Roth account in the same retirement plan. But such a move may not be good for you. While the upside of a Roth is tax-free money in the future, converting creates an extra tax burden today.
Submitted by Liz Niehaus on Wed, 08/13/2014 - 3:00pm
Early summer’s cap and gown now hang in the closet and you just hope your suddenly grown child is ready for real-world financial challenges, from debt to saving for a remote retirement. Now more than ever, you can teach your kid many key money lessons.
Submitted by Jim Blankenship on Mon, 08/11/2014 - 12:00pm
If your employer sponsors a 401(k) plan for you to participate in, you may also have a Roth 401(k) option. Electing that option depends on your other retirement plans, tax outlook and many other factors.