How to take your 401(k) to your new job
This week we will discuss four options you have when you leave your job where you had a 401(k) or 403(b) retirement account. Leave the money where it is. If the plan of your former employer allows, you can leave your money in the plan. You money will continue to grow...
Get an IRA if you don’t have a 401(k)
Last week we talked about why you should participate in your 401(k) plan. What can you do if you don’t have access to a 401(k) plan? The answer is an Individual Retirement Arrangement (IRA). Read on for three reasons why you should contribute to one if you don’t have...
Why you should participate in your 401(k) plan
After reading several articles on the lack of retirement savings, here are three reasons you should participate in the 401(k) program offered by your employer. 1. You would like an immediate 100% return on your investment. If your employer matches a portion of your...401(k), life insurance: Good for emergency cash?
When folks are in financial distress, the first tendency is to look for sources of funds to pay bills or tide them over until they are back on their feet. Three sources that are often explored are: Taking cash out of a 401(k) plan. Taking a loan from the 401(k) plan....Signup MailChimp
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