You’ve probably heard the term 401(k) and you might even have some of your money invested in one, but how much do you really know about it?
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Most of us tend to put our retirement plans on automatic. It's much easier to just have the money automatically taken out of your paycheck, and have it put into your 401k. Sometimes you need to tweak things a little bit. Here are 5 mid-year tuneups for your 401k.
If you're like most people, an employer-based 401(k) plan is probably at the top of your list when it comes to saving for retirement. Have you ever figured out how much you're paying in fees
Some people talk about a 401(k) loan like it's an easy option. But there is a lot of risk and borrowing from your 401k is something you need to carefully consider.
As of January 2012, there are new 401k fee transparency rules in place to help those participating understand the fees and the funds themselves. See more about the new regulation.
The power of long periods of compounding is huge. Therefore you should start saving for retirement as early as you possibly can. But don’t take my word for it, let’s look at the math.