Tag: 401(K)

If the coronavirus crisis has left you short of cash, you should know about some legislation the Fed's just passed, to make it easier for you to tap into your 401(k).

Spending money wisely, saving cash and investing can all help build wealth – as well as bring you greater personal happiness. As I prepare for continued wealth building in 2020 and into the next decade, I wanted to share a ...

If you’ve got a 401(k) or a similar retirement plan, you can start socking away more money for your Golden Years starting in 2013. The IRS says it’s increasing the tax-free contribution limit for retirement plans to $17,500 for 2013; ...

Amid the tough economy, lots of people have tapped into their 401(k) plans or their Individual Retirement Accounts (IRAs) as a way to get money to pay their bills. Although a withdrawal from a 401(k) plan probably offered a short-term ...

A reader of AskTheMoneyCoach.com wanted to know whether or not it's a smart decision for them to launch a 401(k) or 403(b) investment plan later in life. The person asked me simply: Q: "Should I start a 401(k) or 403(b) ...

Q:  To finish college, our son will need an additional $20,000 for his final two years. We are thinking of using some of our 401(k) money. My husband will be almost 60 by then, so no penalty. With our social ...

A 401(k) plan has lots of fees, and savvy investors may be aware of various investment-related charges – such as a management fee to a mutual fund manager's or the sales commission paid when making a transaction. What most people ...

I’m 61 and Plan to Retire at Age 62, Though I Would Work Until 65 If needed. I would Like to Pay off a Few Credit Cards Using My 401(k). Is This a Wise Choice? I Have About $10,000 in ...

Q: I am 26 and behind in the investing game. My bank offers a Roth IRA and i'm going with that. I was thinking about going with Edward Jones for a 401(k). Is this a good idea? A: Congratulations on getting ...

Q: I am a single mom who makes about $28,000 a year. I try to save around $200 from my paycheck every second pay period each month, but it's hard. Do you think $200 is enough? And if I want to ...