Information for Plan Participants
How to Withdraw Money From a 401k Early -- Making an early withdrawal from your 401k might sound like a tempting idea initially, after all, it is your money. But once you know the ramifications, you may feel differently.
Not Happy With Your 401k? Here Are Three Signs It's Time to Ditch It -- One of the best things about 401ks is that they allow you to sock away much more money on an annual basis than IRAs. Currently, 401ks max out at $19,500 a year for savers under 50, and $26,000 for those 50 and over. Not only do these higher contribution limits allow you to save more for the future, but they can also land you a larger tax break immediately. But, if these three factors apply to you, it may be time to dump your company's retirement plan and look at other options instead.
Maxing Out Your 401k Could Earn You This Much Money Over Your Career -- The government has gradually increased the annual 401k contribution limit over the years, and it's likely that it will continue to do so. But if it stays the same, this is how much you could accumulate over time by maxing out your contributions, assuming the max individual contribution in 2021 of $19,500, to this tax-advantaged retirement account.
A Plan for Retirement Spending -- Coming up with an effective plan for spending your hard-earned retirement savings is a complex task. Here are some tips to get started.
A chart of the year 2015 through 2021 401k plan contribution limits.
A glossary retirement plan and investment terms available here.
This is a guide to retirement industry acronyms and abbreviations.
Here is a handy on-line 401k calculator.
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
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.