2019 Maximum 401K Contribution Limits
Last updated: January 2, 2019
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The IRS just announced a 2019 maximum 401K contribution limit of $19,000, which is the max you can contribute to a 401K in a given calendar year. This is an …
Category: 401K
Save for a Home or Retirement? A Look at First-Time Homebuyer Retirement Plan Distribution Rules
Last updated: January 3, 2019
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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, 2019
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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, 2019
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401K’s “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 4, 2019
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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: January 4, 2019
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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 …
401K Loan Overview: Should you Borrow from your 401K?
Last updated: January 6, 2019
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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 …