Category: 401K

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Due to court ruling, the new fiduciary rules highlighted below were struck down in court, in early 2018, and are no longer applicable.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 …

Here’s a fact that may surprise you – 13% of Americans with a 401K have an outstanding 401K loan. That doesn’t include the many with closed loans. That’s far …

All good things come with limitations. And never is that more true than with retirement accounts. For those lucky enough to have an employer-sponsored 401K (it is rarer that …

This article has been updated for 2023. In the wake of my wife getting a better job, I thought it would be wise to read through all of her …

Last week we talked about decent advice in much too small doses from mainstream personal finance gurus. This week, we have a slightly different animal – horribly misguiding advice …

Me: Forgive me father, for I have sinned. Father Finance: You are in a safe place to share your sins, my son. What would you like to confess? Me: …

Have you ever wondered, “Hmmm… can I roll this retirement plan over to that retirement plan”? Retirement plan rollovers can be confusing. Sometimes there are goofy rules around when …

I was recently approached by a longtime reader with a seemingly random question, Is it better to max out your 401K each year as soon as possible? Upon digging …