Lovelyday12/Dreamstime Text size While the financial damage done by the pandemic is leading many Americans to rein in their retirement expectations or delay retirement, the number of companies cutting or suspending 401(k) matches remains below the level seen during the 2008 financial crisis, according to a pair of recent surveys. […]
401k
4 Ways to Save for Retirement Without a 401(k)
This is the second in a series of upcoming, original columns for Entrepreneur.com by Laura D. Adams that will publish two Mondays a month. And don’t forget to purchase a copy of Adams’ latest book for Entrepreneur Press, Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers, via Amazon | Barnes & Noble | Bookshop | IndieBound. Being self-employed gives you a certain […]
My Employer Eliminated My 401(k) Match. Now What?
Losing a 401(k) match could cost you more than $2,000 a year, and possibly hundreds of thousands of dollars over your lifetime when you factor in lost investment growth. That’s not an enviable position, yet it’s the reality for the approximately 5% of U.S. workers whose employers have reduced or eliminated […]
3 Things to Know If You’re Aiming to Max Out Your 401(k) This Year
The magic number for those planning to max out their 401(k)s this year is $19,500, though those 50 and older can bump this up to $26,000. It’s a lofty goal, but reaching it can go a long way toward setting you up for a comfortable retirement. You’re probably trying to […]
Is Your 401(k) Secretly a Money Pit?
Your 401(k) costs money — no ifs, ands, or buts about it. Someone has to manage the funds you’ve invested in, do all the reporting, and make sure you can check up on your account when you need to. And those people have to get paid. That’s understandable, but those […]
Strategies to Maximize Your 401(k)
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If you are among the millions of Americans who contribute to a 401(k) plan, you receive a quarterly account statement composed of dull, incomprehensible prose. Allow us to translate. You may find it helps to make your initial investment choices and revise them when you should. To maximize your 401(k), you’ll […]
Just got a job offer? Be smart about your new benefit choices like health coverage, 401(k) savings levels
Dear Pete, I’ve been without work income for four months now, but I just received a job offer. I haven’t started a new job for almost twenty years, as I’d been with the same company that entire time. When it comes to starting a new job, have things changed from […]