Many people don’t know that you can make early withdrawals from your retirement accounts like your 401(k) and IRA. But should you? … Read More
401(k)
Was the 401(k) a mistake?
The 401(k) is the best option that most people have for saving for retirement. But its introduction may have been a mistake. … Read More
When is the best time to rollover your 401(k)?
Rolling over a 401(k) to an account you own is a good idea, but the getting the timing right is important too. … Read More
Should you borrow from your 401(k)?
A 401(k) loan is an enticing prospect during financial hardship, and may seem more preferable than a withdrawal, but the risks are vast. … Read More
It’s not enough to deposit money in your investment accounts
If you just deposit money in your investment account’s settlement fund and stop there, it could cost you hundreds of thousands of dollars. … Read More
Roth, IRA, 401(k), oh my! How to figure out where to put your investment money
If you’re confused about where to put your investments and in what order, I break it down to a simple order. … Read More
If you’re thinking about taking an early withdrawal from your 401(k)
New legislation eliminates penalties for some early withdrawals from your 401(k). However, just because you can doesn’t mean you should. UPDATE: This legislation has expired as of the end of 2020. Penalties will apply again for early 401k withdrawals. These … Read More … Read More
Time to be intentional with your accounts
Why a 401(k) is the most lucrative investment product for most people
Lord have mercy, my day job just recently started offering a 401(k)! When I switched jobs last year, I was dismayed, as one can imagine, that there was no employee-sponsored retirement plan offered to me. When I asked, as politely … Read More … Read More
Start checking your investments!
When I started at my last job, I signed up for the 401(k). (A 401(k) is one of the most lucrative ways that you can invest in a tax-advantaged way with scale.) I picked some investments, a reasonably diversified set … Read More … Read More