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.
Submitted by Travis Russell on Thu, 08/07/2014 - 3:00pm
Saving for retirement means you must sort out countless and confusing options from 401(k)s to individual retirement accounts. How much you make and whether you’re self-employed or have a company-sponsored retirement plan are just a few criteria to determine which to chose. One of your first questions: What’s the difference between a traditional IRA and a Roth IRA?
Many clients at our firm ask this when looking to maximize retirement savings. To understand which option may be better, let’s look at the differences and nuances between the two types of accounts.
Submitted by Barry Glassman on Wed, 07/23/2014 - 12:00pm
Lots of investors never bother to check on their 401(k) regularly. But you should keep a constant eye on your funds’ risk level, whether your asset allocation is out of whack and if your beneficiaries still are the ones you want.
When you first start a job and join a 401(k) or another employer-sponsored retirement savings plan, you fill out a few forms, decide how much you want to contribute, and you pick some investment options.
Submitted by Jim Blankenship on Tue, 07/22/2014 - 12:00pm
When you participate in your employer-sponsored retirement plan, your must first determine how much money to put into the plan. Next: Allocate funds within your account to make the most money. This can be the tricky part.
Submitted by Rick Kahler on Tue, 07/15/2014 - 3:00pm
Is it too late to get back into the booming stock market? You were better off riding out the downturn and enjoying the subsequent run-up. Still, if you are late to this party, there still are smart ways to re-enter.
Many investors are returning at this late date. "Retirement Investors Flock Back to Stocks" was the front-page headline of The Wall Street Journal on May 2. I retweeted it to my Twitter feed, adding, "Just In Time To Ride Them To The Bottom Again."