If you have a new employer, and they offer a workplace retirement account, there are important questions to ask before signing up for a 401(k) plan. Each 401(k) plan is unique, which is why it’s important to find out about the details of your company’s plan as well as your options. It’s critical you know… Continue reading 6 Questions to Ask Before Signing Up for a 401(k) Plan
It’s not enough to simply save. If you want the retirement lifestyle you desire, you have to maximize your 401(k) savings. According to a newly published report, Americans are contributing more to their 401(k)s than in previous years. Fidelity® 2019 Retirement Analysis reports the average 401(k) balance saw a 2% increase from $103,700 in Q1… Continue reading 4 Ways to Maximize 401(k) Savings
Whether retirement is a few years or decades away, it’s important that investors do what they can to maximize their 401(k) account performance. Here are 7 401(k) mistakes investors should avoid if they want to potentially have more income at retirement. #1 Not Regularly Reading Your 401(k) Statements Many employees are apathetic about… Continue reading 7 401(k) Mistakes Every Investor Should Avoid
Planning for the type of retirement lifestyle you want is important so you don’t retire and realize you’ve underbudgeted retirement expenses. Depending on the retirement lifestyle you want and can afford, some expenses will go down, while others may go up. For example, if you downsize or move to a less expensive city, your housing… Continue reading The Real Cost of Retirement: 4 Most Underbudgeted Retirement Expenses
If you’re in your 40s, 50s, or 60s, and you need to quickly catch up on retirement savings, don’t be discouraged. With planning and a focus on saving and investing, it is possible to make up for lost time. #1 Figure Out How Much You Need If you’re behind on retirement savings and don’t… Continue reading 9 Simple Ways to Catch Up on Retirement Savings
