Q&A
Asked by Barney
Answered by IntroLend Writing Staff
Financial Adviser in Los Angeles, CA
Financial Adviser in Los Angeles, CA
The answer depends on several factors,
including your current age, chosen retirement
age, existing savings, and expected expenses
in retirement. If you have an
employe...
Q&A
Asked by an anonymous user
Answered by Lars Larsen ChFC®
Financial Planner in Burlingame, CA
Financial Planner in Burlingame, CA
First, let me congratulate you on asking this
question in your early 20s. The earlier in
life you start investing the better. The
compounded rate of return over a long...
Q&A
Asked by Alan
I would suggest you review this link to the
IRS and also consult your accountant
http://www.irs.gov/Retirement-Plans/One-Partic
ipant-401(k)-Plans. It is a 401K plan ...
Q&A
Asked by an anonymous user
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Upvote 15
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This country has made a revolutionary shift
from pensions to a self-service retirement
model (401Ks, IRAs, etc). The average baby
boomer has not yet fully adjusted to...
Q&A
Asked by victor piediscalzo
Answered by Tracy Scott Burke
CFP®, ChFC® in Harrisburg, PA
CFP®, ChFC® in Harrisburg, PA
Victor,
Thanks for your question. Some
type of a tax-deferred retirement account
would likely be best in your situation in lieu
of bank savings. If you have acces...
Q&A
Asked by Brady
Michael did an excellent job answering this
question. You may want to take advantage of
this change to also update your retirement
plan. Since two of the above three o...
Q&A
Asked by John
I always advise 401k participants to max fund
their account regardless of the match level.
This means $17,500 per year if you are under
50 and $23,000 if you are 50 o...
Q&A
Asked by Brady
Answered by Martin Leclerc
Financial Adviser in Bryn Mawr, PA
Financial Adviser in Bryn Mawr, PA
A pre-tax contribution is the amount taken
from your gross wage and placed into your 401k
account before taxes have been deducted. By
making pre-tax contributions, you...
Q&A
Asked by John
I like rolling old 401(k)'s into one IRA,
because it's easier to manage and keep track
of. There are other reasons you may, may not
want to do this, and it's best to b...
Q&A
Asked by Lynn
Answered by Prateek Mehrotra
Financial Adviser in Appleton, WI
Financial Adviser in Appleton, WI
The short answer is YES. The Employer is the
sponsor of the 401(K) plan and most likely a
fiduciary as well. They can decide to change
the line up of investment option...
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