401k

Latest

  • Survey: Most Americans not stepping up retirement savings

    WASHINGTON — Financial analysts say it’s important not only to save for retirement, but to save more every year. Unfortunately, a new survey says that most Americans aren’t doing that — or saving anything at…

  • The best 401k plans: See how your company ranks

    Not all company 401k plans are created equally. Find out how your’s compares to others.

  • How to Take Advantage of 401(k) Catch-Up Contributions

    When you turn age 50, you become eligible to contribute more money to your 401(k) plan. The tax deduction you can claim on these catch-up contributions could save you over $1,000 on your annual tax…

  • How Your Retirement Account Balance Compares to Your Peers

    Your age often dictates your retirement saving priorities. In your 20s and 30s, you need to get some money into a retirement account so that it can start growing on your behalf. Once you have…

  • 10 Ways to Make Your 401(k) Balance Grow Faster

    Boost your balance. Used correctly, a 401(k) account allows you to take advantage of employer contributions, tax breaks and automatic saving. But you also need to take care to avoid excessive fees and penalties that…

  • Why You Should Max Out Your Retirement Accounts

    Contributing more to tax-deferred accounts is a straightforward way to boost your wealth. It’s difficult to come up with the funds to increase your contributions up to the government allowable limit each year, but putting…

  • 6 Ways Employers Plan to Change 401(k) Plans

    Many employers are tweaking their 401(k) investment options, typically reducing the number of funds available and adding low-cost index fund options. They’re also increasingly looking for ways to convince workers to save more and make…

  • Millennials: How to Become a 401(k) Millionaire

    While some millennials are content to play “Money Tree” on their iPhones, others play for keeps. With discipline, patience and knowledge of how the real-life game works, nearly any member of Generation Y can reach…

  • 401(k) and IRA changes coming in 2015

    Investors will be able to contribute $500 more to a 401(k) or save in a myRA in 2015.

  • 10 mistakes you’re making in your 401(k)

    Maximize your retirement savings by avoiding these common pitfalls.

  • 5 401(k) gotchas to avoid

    Between employer contributions and the ability to defer income tax on your own contributions, 401(k) plans often help you come out ahead in retirement saving. However, high fees, expensive investments, poor plan design and a lack of company contributions can sometimes diminish these benefits.

  • Poll: Half of older workers delay retirement plans

    Stung by a recession that sapped investments and home values, but
    expressing widespread job satisfaction, older Americans appear to have accepted
    the reality of a retirement that comes later in life and no longer represents a
    complete exit from the workforce. Some 82 percent of working Americans over 50 say
    it is at least somewhat likely they will work for pay in retirement, according to
    a poll released Monday by the Associated Press-NORC Center for Public Affairs
    Research.

  • Alternatives to 401K savings

    Financial planners always tout the benefits of 401K savings plans. But under some circumstances, savers might be better off putting their money elsewhere.

  • Many Americans dip into retirement accounts early

    A 401(k) is meant to go untouched until a person
    retires, but more than a quarter of Americans use
    their retirement accounts to pay current
    expenses.

  • 401K balances spike despite economic recovery troubles

    The economic recovery may be slow, but 401K
    balances are at a 12-year high. The average
    account balance has jumped to nearly $76,000.