Information for Plan Participants
Why You Shouldn't Stick With Your 401k Plan's Default Settings -- Abstract: The default 401k savings rate and investment might not be ideal for every employee, and it probably won't allow you to claim the entire 401k match or all the tax breaks you are eligible for. Here's why you should reconsider whether to accept your 401k plan's default settings.
Why You Need a Fiduciary to Help You Plan Your Retirement -- Abstract: Planning for retirement can be one of life's most stressful events. Retirees would be well served if they could find a fiduciary to help craft the decisions that impact their retirement. However, too many retirees overlook the backgrounds and professional credentials of their advisers. They find, often too late, that there are major differences between fiduciaries and non-fiduciaries when it comes to the advice they can offer and how they are paid.
How to Avoid Borrowing From Your Retirement Plan - Abstract: Have you ever borrowed from your retirement plan? When you need cash in a hurry, it can be tempting. However, there are a couple of reasons why this may not be the best idea.
How the Saver's Tax Credit Can Boost Your Retirement Savings -- Abstract: The federal government encourages low-income earners to save for retirement through a tax credit called the Saver's Credit. It is a tax credit for individuals who make under $30,750 or married couples who make under $61,500 a year. But only 25% of those eligible for the Saver's Credit based on their income take advantage of the credit. This is a good 2-page overview.
A glossary retirement plan and investment terms available here.
Frequently Asked Questions
Here are some of the most commonly asked questions that come to our pension experts.
What is a 401k plan?
A Complete Beginner's Guide to 401k Plans
Does my employer have to provide a matching contribution?
How do I locate an old 401k that I think I contributed to at a former employer?
If I needed to get access to an old 401k, what are my options?
If a Company You Work for Goes Bankrupt, What Happens to Your 401k
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Managing Your 401k Plan Assets
We are not in the investment advice business, but these articles may give you some important insights. You should always consult with your financial advisor for more detailed information and advice.
A Look at 401k Plan Fees
Asset Allocation Made Simple
Behavioral Finance -- What's Behind Your Investing Decisions?
Company Stock In Your 401k -- Keep it Balanced
Indexing Prevails in "Stock Picker's" Market
The Magic of Compounding
Ten Steps to Making a Financial Plan to Create a Secure Retirement
Making the Transition: A Pre-Retirement Checklist
The Value of Asset Allocation
Nurture Your 401k Portfolio Using Asset Allocation
Why Is Knowing the Investment Style of a Stock Mutual Fund Important?
Understanding Investment Risk
Other Sites of Interest
Here are a couple of other websites you may find useful.
Why401k.com is a site where participants can go and calculate how their 401k deferrals will effect their paycheck.
Guideto401kloans.com for information on 401k loans.
Guideto401khardships.com for information on 401k hardships.
Here are some handy on-line tools to help you solve some common financial problems. If you find these tools useful, be sure to bookmark this page.
The Roth 401k Analysis Tool
401k Savings Calculator
Some Useful Information
We have gathered a few articles and other information on important 401k issues that are often asked about.
Do Surviving Spouses Have a Right to a 401k or an IRA? - Summary: When choosing a beneficiary for a retirement plan, it is important to understand how your spouse will be treated under the plan. Surviving spouses are treated differently under 401ks and individual retirement accounts (IRAs). While a 401k provides protections for a surviving spouse, an IRA does not.
Top 10 Reasons to Join Your 401k Plan - Summary: Compared to other savings plans available to private sector workers, the 401k plan has many good points. Here are our top 10 reasons why you should join your plan.
Loans and Hardship Withdrawals
Articles on the various rules, regulations. practical issues and guidelines related to 401k loans and hardship withdrawals.
401k Retirement Plan Loans: An Overview
401k Hardship Withdrawals: An Overview
Hardship Withdrawals Give Access to 401k Savings, but at a Cost
Emergency Access to Your 401k: Hardship Withdrawals
Do's and Don't's of Hardship Distributions
Eight Reasons to Never Borrow From Your 401k
Don't Tap Your 401k to Pay Off Debt
Other Good Information on and About 401k's
How does a 401k plan work? When does my employer have to deposit my payroll contributions? How can I take an early withdrawals without penalty? Are there warning signs I should look for? What are my pension rights? We have gathered articles on these and other important issues so you can quickly find in depth information and analysis. And we regularly update and add to this content.
Click Here to review all the articles we have on a wide variety of topics.