Blog Posts - 401(k)



The Inventor of the 401(k) Says He Created a ‘Monster’

American workers now take for granted they can sock away pretax earnings with a company match, but at the time many couldn’t imagine Ted Benna’s idea of turning a little-noticed new subsection 401(k) of the tax code to replace pensions as the...
by Personal Finance News on May 27, 2016

Leaving a Job? What to do with your 401(k)

I was listening to my local news station when a segment came on, a 5 minute bit of money advice with a local author and financial planner, Jonathan Pond. I like his conservative approach. What’s unfortunate is that a quick few minutes to discus...
by JoeTaxpayer on Jul 9, 2015

Making The Most Of Your 401k Plan

The majority of people in the workforce have a 401k plan in place. These are the most common type of retirement savings account for employees; most medium to large companies offer them to their workers. A 401k is one of the best ways to fund your ret...
by Penny Thots on May 21, 2015

Your Retirement to Chance

Your Retirement to Chance Don’t Leave Your Retirement to Chance… It Will Be Here Sooner Than You Think For women who are in their 30s and 40s, retirement may seem far away. However, it is never too early to start planning and saving for r...
by The Things Women Want on May 20, 2015

3 Common Behaviors That Will Sabotage Your Retirement

Do you look forward to retirement as splendid golden years with ample time to enjoy leisure activities and live life at a slower pace? If so, what are you doing today to make sure that your dream becomes reality? Or are you actually sabotaging your f...
by Penny Thots on Apr 30, 2015

Retired, with mortgage

I’d always thought, and advised others, that to retire, one should have their mortgage paid in full. And that was always my own plan. But, anyone who knows finance knows that you can’t plan on an exact stock market return, you can’t...
by JoeTaxpayer on Apr 16, 2015

1 in 3 Older Workers Likely to Be Poor or Near Poor in Retirement

(Media Release) A third of U.S. workers nearing retirement are destined to live in or near poverty after leaving their jobs, new research shows. One underlying cause: a sharp decline in employer-sponsored retirement plans over the past 15 years. Just...
by Free PR Online on Apr 9, 2015

Funding Ideas for Entrepreneurs

 Part One of a Series on Funding for Entrepreneurs “If you don’t build your dream, someone will hire you to help build theirs.”  ~ Tony Gaskins Future Entrepreneurs, have you ever thought of yourself that way?  Every day that you’re …...
by Franchise Info 4 You on Apr 5, 2015

Funding Ideas for Entrepreneurs

 Part One of a Series on Funding for Entrepreneurs “If you don’t build your dream, someone will hire you to help build theirs.”  ~ Tony Gaskins Future Entrepreneurs, have you ever thought of yourself that way?  Every day that you’re …...
by Franchise Info 4 You on Apr 5, 2015

401K Tips and How to Stay on Top of Your Retirement

When it comes to saving for retirement, a mix of investment options is integral to your future success. A 2013 report by the American Benefits Institute states that about 94% of employers offer a 401(k) retirement plan to their employees, yet many em...
by 50plusfinance on Mar 27, 2015

My Top 10 Most Read Posts of February 2015

February is in the books and the month was a pretty good one for the stock market with several new highs.  In fact Monday March 9 is the six year anniversary of the current Bull Market run. Readership here at The Chicago Financial Planner continue...

Is There Ever a Time When You Shouldn’t Use a 401k?

In today’s post, financial consultant Dave Landry Jr. shares his thoughts on when best to invest in a 401(k). Enjoy! For decades now, the practice of squirreling away maximum contributions into a 401(k) plan has been a bit of received wisdom. A...
by Luke1428 on Feb 12, 2015

My Top 10 Most Read Posts of January 2015

The first month of 2015 is in the books and yesterday’s Super Bowl was an exciting one.  As  a Packer fan I have to wonder if they hadn’t blown the NFC Championship game would they have been able to beat the Patriots for the second time this se...

7 Tips to Become a 401(k) Millionaire

According to Fidelity, the average balance of 401(k) plan participants grew to a record high of $91,300 at the end of 2014.  This data is from plans using the Fidelity platform. According to Fidelity about 72,000 participants had a balance of $1 mil...
by The Chicago Financial Planner on Jan 29, 2015

Improve Workforce Productivity an Infographic from Paychex

photo by wikipedia.comMy friend at Paychex Inc. sent me this beautiful yet very informative infographic on Improving Workforce Productivity accessed 11/25/2014. (Having trouble viewing infographic? Follow this direct link via Paychex, Inc. Improve...

Cash Out My 401(k)???!?

As many of Color Me Frugal’s regular readers know, this past summer I quit my job to be a stay-at-home mom and blogger. This has led to a variety of changes in our life here at Casa Frugal, and I was reminded of yet another factor that we need to c...
by Color Me Frugal on Oct 20, 2014

The GOLDen Years: Five Financial Changes You Need to Make When You Hit 60

After spending a lifetime building a career and working toward your retirement goals, it can be an adjustment financially once hitting the age of 60. Although you may be used to living a certain lifestyle, financial adjustments may need to be made to...
by 50plusfinance on Aug 12, 2014

Required Minimum Distributions – 7 Things You Need to Know

This year the youngest Baby Boomers are turning 50.  Over the next couple of years the oldest Baby Boomers will hit 70 ½ which means it will be time to begin taking required minimum distributions from their IRAs, 401(k)s, and other retirement accou...
by The Chicago Financial Planner on Jul 16, 2014

Time for a Mid-Year Financial Review

It’s hard to believe that the first half of the year has come and gone already.  We enjoyed having all three of our adult children home over the holiday weekend. Mid-year is always a good time for a financial review and 2014 is no exception.  So...

401(k) Loans by the Numbers

The topic of borrowing from one’s 401(k) account is always a bit controversial.  Regardless of your view, the folks at TIAA-CREF have compiled some interesting data on 401(k) loans. Key findings about 401(k) loans  In their study of 401(k) loans...
by The Chicago Financial Planner on Jun 26, 2014


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