The SECURE 2.0 Act has introduced major changes for Roth 401(k)s, including the elimination of RMDs and new employer match options. Here's what you need to know.
About 81% of companies that offer a 401(k) plan pay a matching contribution to their workers, according to the Plan Sponsor Council of America. A 401(k) match is often referred to as "free" money.
I’ve been challenging conventional financial wisdom for years, and today I want to expose one of the biggest myths in retirement planning: the 401k match as a “100% return.” As someone who’s helped ...
An employer match is one of the most valuable features of many 401(k) plans. Even without an employer match of your contributions, however, a 401(k) can still be useful for retirement savings. The tax ...
401k matches are wise to take advantage of if you’re able to make the contributions. Follow 24/7 Wall St. on Google By Joey Frenette Published Jan 4, 5:04PM EST This post may contain links from our ...
When a company suspends its 401(k) match, it amounts to a pay cut, some workers say. For countless American workers, the 401(k) company match is simply a fact of life: They contribute regularly to ...
A Reddit user discussed whether to contribute to a 401(k) or HSA. You should contribute enough to a 401(k) to earn your full employer match. After earning your matching contributions, maxing out an ...
Strategizing retirement savings in your 20s can be a daunting task. That is the dilemma of Reddit member in the subreddit r/personalfinance who found himself at a crossroads. At 24, he is in an ...
Growing your wealth without effort might sound farfetched to you, but people do it every day. When you invest your money, it grows while you're off doing other things. It's not likely to make you an ...
Your 401k is a valuable tool to help move your retirement nest egg in the right direction. While it may not be the optimal account to contribute to given your circumstances, I do think that if you're ...