Make Smart Financial Decisions
When it comes to your 401(k) retirement plan, understanding how plan compensation works is essential for both employees and employers. One of the most critical factors in determining how much you can contribute to your 401(k) is the amount …
401(k) retirement plans are one of the most popular ways for employers to help their employees save for retirement. Employees rely on these contributions to build a secure future. However, there are situations where employers may stop contributing to …
When you think about a 401(k) plan, you likely imagine a full-time employee working a typical 40-hour week. But what if you’re working part-time? Can you get 401k part-time? The good news is that recent changes under the SECURE …
Contributing to a Solo 401(k) is a smart move for self-employed individuals and small business owners looking to save for retirement. However, understanding how to report Solo 401(k) contributions on your tax return can be a bit tricky if …
When it comes to saving for retirement, a 401(k) is one of the most common and effective tools available. One of the most powerful aspects of a 401(k) is the potential for compound interest, which can significantly grow your …
Going through a divorce is never easy, and one of the most important aspects to consider is the division of assets, especially when it comes to retirement funds like your 401k. It’s common for people to ask, “Can ex-wife …
If you’re considering buying a car but don’t have enough funds, you may wonder, “Can I use my 401(k) to buy a car?” The short answer is yes, you can use your 401(k) funds through a loan to purchase …
When managing your 401(k), rebalancing plays an important role in maintaining a healthy portfolio. But many people wonder: Does rebalancing 401(k) cost money? The short answer is, typically, no. However, there are several factors to consider that could indirectly …
A 401k plan is a common retirement savings tool that allows employees to save and invest a portion of their paycheck before taxes. However, like many financial systems, 401k plans have their rules and regulations. One of the key …
Yes, an S corporation can have a Solo 401(k) plan, also known as a one-participant 401(k) plan. This type of retirement plan is ideal for small business owners who are either the sole employee or the primary employee of …