401K

How much should I contribute to my 401K?
I just became eligible for the 401K plan in my company. Here are some of my facts.
- 25 years old, single
- No debts of any kind
- 25% Tax rate
- Employer contributes 3% of my salary to my 401K, regardless of my contributions to the plan. In [...]

Roth 401k is a good retirement savings option. Although it does not provide an up-front tax-deduction, the account eventually becomes tax-free, because the withdrawals taken at retirement are not subject to income tax.
This tax benefit can only be provided to persons who are at least 59.5 years old, or are disabled, and who have [...]

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Is the 401k a good retirement strategy?
Make the wrong decision in today’s economy, and it could kill the retirement of your dreams. It doesn’t matter if your 30 or 70, your nest egg is at risk and the money moves you make now are critical.
In 1978, Congress decided that Americans needed a bit of encouragement [...]

Roth 401(k) or a Roth IRA: Which Is Better for Retirement Plan Investing?
Most places of employment will offer a variety of retirement plans you can choose to make use of. Two commonly asked questions are whether a Roth 401(k) is the same as a Roth IRA retirement account and is either one better than a [...]

If you’ve been keeping up with my blog posts lately you’ll know I’ve come to adding a few news posts from around the web on this subject. I’ve got a couple more today that are new and updated, so let me know what you think of em…
How Much Can I Contribute to My 401K Annually? [...]

Can I use my 401k to buy a house? You can rollover an IRA from one policy to another during any period, however if you are a casualty of redundancy, or are considering moving positions or about to retire, in addition to thinking of rolling over or considering withdrawal of money from your 401k policy, [...]

Rolling your 401k: Contributory IRA vs. Rollover IRA
 by: Ulli G. Niemann
In an ideal world you would start your working career with a great company in your early 20s, steadily climb the corporate ladder, retire at age 65, and draw a sufficient income from your accumulated 401k account to live happily ever after.
Unfortunately, that’s not how [...]

Ensuring a Stable Retirement Income by Jason H Stevens
For many of us who are approaching our golden years, it’s difficult to say whether or not we are prepared to step away from the daily grind: will we have enough money to maintain a comfortable life, or will we need to take some miserable [...]

401k must be moved! I am retired…what should I do?
The company I retired early from went bankrupt. Merrill Lynch is currently holding 401k. I currently have 110,000.00. $25,000. from ML retirement acct. fund went into government fund with 8 mo. distribution to avoid crash. 25,000.00 and additional 12,000 were A [...]