Tax season is here, and there are a few changes you need to be aware of before you file your 2021 taxes. First of all, this year we all get a few extra days to file our tax returns. Instead of the typical April 15, 2022, deadline, this year it’s April 18 due to the… Continue reading Important Changes to Know before Filing 2021 Taxes
401(k) loans are attractive because you don’t need to have good credit, you enjoy low interest rates, and you pay interest to yourself instead of a creditor. However, if you don’t take time to understand the details, it may end up costing you more than you bargained for and hurt your retirement savings – especially… Continue reading What Happens If I Leave My Job with a 401(k) Loan?
College costs are rising, and many parents are worried about their children taking on student loan debt. And, many are likely weighing saving for retirement vs. college. A 2021 report by Student Loan Hero reports, “Americans owe over $1.71 trillion in student loan debt, spread out among about 44.7 million borrowers.”¹ Of 44.7 million borrowers,… Continue reading Saving for Retirement vs. College: Which Is the Best Choice?
People are quitting their jobs in record numbers, and that means many are leaving 401(k)s behind with their old employers. The “Great Resignation” took over the headlines in 2021 – and the trend doesn’t appear to be going away anytime soon. The latest Department of Labor statistics show more than 4 million people quit their… Continue reading The Great Resignation and Your 401(k) Plan
