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401(k)

What is a 401(k)?

A 401(k) is a employer-sponsored, tax-advantaged retirement plan funded with payroll deductions and in some cases contributions by the employer. The employee is responsible for choosing how to invest money in the plan and therefore assume most of...

IRA vs. 401(k) - What's the Difference?

Thinking of saving money for your golden years? Good thinking. You’re never too young to start stuffing the coffers. Two popular retirement investment vehicles worth considering are the 401(k) and the traditional IRA (or individual retirement...

Can I Lose My 401(k)?

"If I leave my job to freelance or take another job, what should I do with my retirement account? I won't lose the money, will I?" - Jennifer, Brooklyn, NY Before you leave, it’s important to understand the (potentially negative) impact on your...

4 Questions for Your 401k

Ok, you’ve got a 401(k) set up. Needless to say, your plan is only as good as what you do with it. Ideally, you’re contributing the maximum your budget will allow (or at least getting the employer match, if there is one). But you should also pick...

How to Figure Out 401k Fees

Noticed something new in your 401k statements? (Admit it: you're only opening them now, because it's tax season.) You're probably looking at a fee breakdown, the actual cost of your 401k, because plan sponsors are now required to spell out how...

A Solo 401(k) Is Smarter

When I exited my magazine-editing job a few months ago to start a business as an editorial consultant, I knew the standard advice was to roll over my 401k into an IRA immediately. After talking with a few money-savvy friends, I opted to call...

The Best Choice For Your 401K

So, you’ve taken advantage of open enrollment, and set up your 401k account. Or maybe you had one already. The bigger question is:What’s the best investment to start with?Looking at all the investment options can be overwhelming—so overwhelming...

Roll over your 401(k) to a Roth IRA?

Earlier this month, we wrote about rolling over your 401(k) into a traditional IRA when you leave your job. But what if you want to roll into a Roth IRA?Roth IRAs offer a smart tax break that you should know about for your retirement plan....

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