401k plans

The Downside of a 401k Account

During one’s working years, as wealth accumulation is taking place, the conventional wisdom says to take full advantage of 401k opportunities, especially to get the benefit of an employer match. Then there’s the ability to avoid taxation of current income.…

All about 401k plans

Maurie Backman discusses 401k plans in depth in this piece.  Since Social Security replaces only about 40 percent of pre-retirement income, and traditional pensions have largely gone the way of the do-do bird, 401k plans have become a crucial pillar for…

Social Security just a piece of retirement. Learn about 401k plans here

Social Security income is an important monthly benefit to nearly 63 million people each month.  But the program only replaces about 40 percent of pre-retirement income, and this varies depending on factors such as lifetime income, number of years in…

Retirement Savings: Improvement, but One Area Needs Work

Fidelity reports that there has been a positive swing in the rate of savings among American households, with the level of money going into defined contribution plans increasing about 12% since 2010. and with higher balances and fewer loans from…

A Plug for 401k Plans

With only about two-thirds of those eligible to participate in a 401k plan actually doing so, it’s no surprise that so many of those aging into retirement are behind the financial planning curve. This nasdaq.com article by The Motley Fool’s Katie…

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