All posts in Articles

Start early to save more

Early to bed and early to rise makes man healthy, wealthy and wise. Early to save and early to invest makes him financially healthy, wealthy and nice. Many youngsters who are still in their 20’s and 30’s or who have just started their career think little about saving for retirement let alone planning for it. […]

An introduction to retirement plans

If you are convinced that you should save (more) for retirement starting today, you may be wondering which retirement plans you should choose. It makes financial sense to first contribute the minimum amount towards your retirement plan at work (e.g., 401k) to get the maximum employer match. Only then you should think about contributing towards […]

Introduction to Inflation

Have you ever wondered why your monthly grocery bill keeps increasing over time? Have you ever noticed your fixed income is bringing you less and less goods? Or do you ever get curious about the cost of living of your parents or previous generation? If yes, then you need to know about inflation and its […]

Important ages for retirement savings, benefits and withdrawals

Contributions to retirement funds and withdrawal from the same involve lots of rules and conditions that varies along with the age of the worker or retiree. Here we have listed ten important ages that you (worker or retiree) should be aware of. You are 49 or younger As an eligible employee, you can contribute up […]

A few more 401(k) mistakes to avoid

Earlier, I wrote about some of the common 401(k) mistakes that that can hurt your retirement nest egg. In this article, I list a few more common 401(k) mistakes that every 401(k) participant should be aware of and avoid whenever possible. Borrowing from your 401(k) Consider the merits and demerits of borrowing from your 401(k) […]

Brokerage Window: An Overview

Brokerage Window – aka self-directed brokerage account (SDBA) or self directed 401(k) – is a 401(k) plan feature that offers participants flexibility to invest in opportunities not available through the plan’s core line-up. A SDBA is a brokerage account that is part of the 401(k) plan that provides participants access to a broad array of […]

10 important factors to consider during 401(k) to IRA rollover

Barring a few who can opt for an in-service rollover, most Americans consider 401(k) to IRA rollover only when they retire, get laid off or change their jobs. While many employers prefer to continue their former employees in their plan, it probably makes sense in most cases to roll the money from old 401(k) account […]

Avoid these common 401(k) mistakes

Even with all its flaws, 401(k) plan is still the primary retirement vehicle that allows individuals to save a portion of their compensation towards retirement and get a favorable tax treatment for the same. As a defined contribution plan, all risk and responsibility of deciding how to invest the funds in the individual’s account is […]

Pros and Cons of borrowing from your 401(k)

Borrowing from 401(k) is the most attractive and widely practiced way of raising liquid cash at the time of need. Why is it so popular? Because it is perceived as the quickest, simplest and cheapest way to raise money and therefore  people find it attractive and consider it as the ultimate choice to meet their […]

401(k) fee disclosure: How to take advantage of this information

Saving more for tomorrow by paying less in 401(k) fees today is the aim. – DoL Your retirement income depends on several factors such as the amount of money you saved, your time horizon, returns you earned on your investment and the expenses of your retirement plan. To get the maximum out of your plan […]