The Mega Backdoor Roth Conversion
Last updated: February 23, 2020
9 Comments
Every time I think I have maximized my retirement savings in a given year, I discover a new way to push it even further. This time, it’s the after-tax …
Category: 401K
2020 Maximum 401K Contribution Limits
Last updated: February 23, 2020
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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 …
Save for a Home or Retirement? A Look at First-Time Homebuyer Retirement Plan Distribution Rules
Last updated: January 3, 2019
2 Comments
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 …
The Best Retirement Account: Ranked by Contribution Priority
Last updated: January 3, 2020
16 Comments
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 …
How to Optimize, Improve, & Get the Most Out of your Crappy 401K
Last updated: January 3, 2020
11 Comments
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, …
Your Employer’s 401K Match is Not a Suggestion (or Maximum)
Last updated: January 3, 2020
10 Comments
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 …
Why You Can’t Rely on the New Fiduciary Standard Rule Alone to Protect You
Last updated: July 28, 2020
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Update: Due to court ruling, the new fiduciary rules highlighted below were struck down in court, in early 2018, and are no longer applicable. However, the rest of the …