Category: 401K

The IRS just announced a 2020 maximum 401K contribution limit of $19,500, which is the max you can contribute to a 401K in a given calendar year. This is an …

A few weeks back, I was having a chat with a younger friend who raised the following: “I was hoping to talk about 401K vs saving money to have …

I was having lunch with a co-worker a while back, and the exhilarating topic of retirement accounts came up. Our employer offers a generous 50% 401K match, which led …

401Ks “suck”. But only in comparison to what they’ve replaced. And given that they are the standard today, you would be wise to make the most of your 401K, …

So, you have a 401K. Congratulations! (many don’t) What’s next? You have to decide how much you would like to contribute, of course. And this crucial stage is where …

Update: Due to court ruling, the new fiduciary rules highlighted below were struck down in early 2018. There was big financial industry news last week as the U.S. Department …

Here’s a fact that may surprise you – 20.6% of Americans with a 401K have an outstanding 401K loan. That doesn’t include the many with closed loans. That’s far …