Retirement

December 10, 2019
What’s the difference between withdrawing from a 401k and taking out a 401k loan?

When life happens and there’s a big bill attached, we often scramble to figure out how to pay it. Ideally, an unexpected expense should be covered by your emergency savings account. If you don’t have enough savings, consider asking for a payment plan or delaying the bill until you get a tax return or bonus.…

October 21, 2019
How much should I put in my 401(k)?

If you’re fortunate enough to have an employer who offers a 401(k), you should seriously consider participating. A 401(k) allows you to lower your tax bill and potentially build wealth through the stock market. Here’s how to figure out how much you should contribute. The power of the employer match You should contribute at least…

November 09, 2018
How will filing for bankruptcy affect my retirement?

What is your perspective about filing for bankruptcy in regards to saving for retirement? Submitted by Chris C. When it comes to any financial decision, everything affects everything. Kudos for thinking about the impact of bankruptcy on retirement planning. The decision to file bankruptcy is a big one, as it will impact your financial life…

February 25, 2019
How can people on government assistance save for retirement?

“Where are the best places for people on state assistance to start saving for retirement? I’m lo...