Building the proper retirement plan means allocating the assets in your portfolio properly for your retirement needs. A good 401k allocation strategy will include a diverse mixture of a number of different asset classes. This mixture could include stocks, bonds, mutual funds, and even cash. All of these asset classes serve a purpose and add…
Tag Archive: 401k
Converting a 401k to Roth IRA
It is very rare today for a person to stay with one company through their entire career. You may be one of the many that have left their place of employment and are trying to figure out what to do with their 401k retirement plans. Most companies will only give someone a few months to…
All About 401k Beneficiaries
You work too hard to sock away money in your 401k plan to let the proceeds go to just anyone, right? You may want to make that your 401k assets go to the right people. One of the ways to do this is by checking your 401k plan forms and making sure that you have…
Borrowing Against a 401k – The Pros and Cons
Borrowing against a 401k is one of those things that no one wants to do but simply may be unavoidable for one reason or another. An emergency situation could force you to borrow from your retirement to meet your liquidity needs. But if you are considering borrowing against your 401k plan, please be aware of…
401k Withdrawal Rules and 401k Contribution Limits
401k plans are great savings vehicles for retirement. Many plans offer matches from employers and they all provide tax free growth of capital for account holders. While 401k’s are a really useful tool, they do have their limitations. Here are a few of the 401k withdrawal rules and 401k contribution limits. 401k Withdrawal Rules Since…
