Times like those can seem opportune moments to start dipping into your 401(k). Many baby boomers who have savings and investments in a 401(k) are tempted to dip into the fund in times of hardship. Doing so, they become liable for taxation by both state and federal government. That's less money for you when you Read More
The 6 Most Important 401(k) Terms You Should Know
But to do so you need to understand what kind of beast it is. Let's take a look at the terms you'll come across as you seek to educate yourself about the 401(k) in all its forms. Making sense of the various jargon associated with the 401(k) will help you make much smarter decisions that Read More
3 Things You Should Know About 401(k) Loans
Whatever you think you know about 401(k) loans, forget it. There are two sides to the coin that is the 401(k) loan. Each has its own merit. Among the biggest myths about taking a 401(k) loan is the one that says taking money from your own retirement fund - in essence, robbing yourself.The opposite is Read More