Celebrating 4th of July is a summer staple for most Americans, but it doesn’t come cheap. When you add it to already high summer spending, Independence Day can quietly drain your wallet. In fact, according to Capital One, Americans spent an estimated $15.5 billion on July 4th festivities in 2024.¹ The good news? You don’t… Continue reading 12 Tips for Celebrating 4th of July on a Budget
Borrowing from a 401(k) to start a business may seem like a fast way to fund your dream, especially if you’re short on startup capital. But before you dip into your retirement savings, we believe it’s important to understand what borrowing from a 401(k) to start a business really means for your long-term financial health. … Continue reading Borrowing from a 401(k) to Start a Business
Ending a marriage is hard enough on its own, but figuring out what happens to your 401(k) after divorce can make it even more complicated. This is because 401(k) accounts cannot simply be separated like other marital property. Ben Storey, director, senior retirement product manager of Retirement Research & Insights at Bank of America, explains,… Continue reading What Happens to Your 401(k) after Divorce
If you’ve ever tried to roll over a 401(k), you know the process isn’t exactly seamless. While much of the financial world has gone digital, rollovers are typically still stuck in the past with printed forms, mailed checks, and weeks-long waits. This isn’t just frustrating. According to new research from PensionBee, it may be costing… Continue reading New Data Reveals the Shocking Cost of 401(k) Rollover Delays
Understanding your 401(k) isn’t just smart – it’s essential to safeguarding your retirement lifestyle. Whether you’re just getting started or looking to optimize your existing plan, it’s critical to ask the right questions so you’re not left in the dark about your investments. Below, we’ve outlined 5 of the most frequently asked 401(k) questions and… Continue reading The Most Common 401(k) Questions Answered
