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401K

  • What If My Pension Becomes Frozen?

    Pensions were once the Holy Grail of secure retirement plans, but they have become far less reliable over time. Sadly, in order to maintain the pension, participating employees had to give up pay raises for many years, in many cases. That’s money that will never be recouped. In an announcement today, General Electric (GE) became

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  • What’s the Average American’s 401(k) Worth?

    Fidelity is America’s largest retirement plan provider, so the following numbers have been gleaned from their reports. For example, as of the first quarter of 2019, American workers between 40 and 49 years old are shown to be contributing 8.5% of their paychecks to their company sponsored 401(k) plans, with an average balance of $102,700.

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  • 401Ks And IRAs: Whats The Difference?

    You probably hear a lot of talk about 401(k)s, IRAs and other retirement accounts, but what are the advantages and disadvantages of the two big options – the 401(k) and the IRA? Investing for retirement is one of the smartest decisions you can make in life, and doing so with a clear vision for the

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  • Labor Day Ushers In Potential For A Wicked Economic Winter

    As the dog days of summer begin to wind down, consternation begins to set in with the harsh potential reality of a nuclear winter and an early and wicked economic winter. As a short business week gets under way, it’s plain to see that the U.S. economy is in for a beating: North Korea has

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  • Who Are the Major Producers and Consumers of Silver?

    Silver, the “white metal,” is highly sought after by investors and industrialists alike. Producers of electronics and medical supplies appreciate silver for its atomic properties. Collectors and jewelers cherish silver’s unmatched shine and malleability. Numismatists and investors each collect silver coins and bars. As with all precious metals, silver supply is fixed and comes to

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  • What Is The Federal Reserve?

    The central bank of the United States is the Federal Reserve System, or the “Fed.” Superficially, the Fed acts as the reserve holder and supplier of the private sector’s commercial banking system, which means that it takes in commercial banking deposits and coordinates loans between commercial banks. In practice, the Fed dictates banking policies, drives

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  • 5 Top Online Retirement Planning Tools

    Creating a retirement plan and saving money in accordance with the plan can be challenging, to say the least. Fortunately, there are several no-cost or low-cost apps and tools available online to make our lives easier. Our “golden years” are supposed to be just that – a time that shines brightly thanks to the personal

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  • How To Increase Employee Participation In Your 401K Plan

    In the war against employee attrition, a 401(k) has always been a powerful tool. So why are so few employees today taking advantage of this lucrative investment option? Back in 1960, 30% of the full-time labor force was covered by a pension plan. The number of individuals with pension plans rose steadily until the early

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  • How Does 401K Vesting Work?

    The popular 401k retirement plan often includes a vesting period, but what exactly is “vesting,” and how does it work? An April 2014 study conducted by the American Benefits Council showed that of those who work at companies with 500 or more employees, 89% had access to a company-sponsored retirement plan like a 401k. And,

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  • How To Put Your 401(k) To Good Use

    Today’s uncertain political and economic climates make for interesting headlines, but the media often ignores the long-term financial risks facing real working men and women. If Americans save for retirement, they often do so through incomplete accounts such as IRAs and 401(k)s. While these accounts can play a role in a well-balanced financial plan, they

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