I'm Retiring at 50 With $9 Million in Assets - Should I Convert My 401Ks to Roth to Avoid Future RMD Taxes?The FIRE lifestyle requires careful financial planning and decision-making, especially about tax implications and retirement accounts.
Dave Ramsey says to think twice if you if you ever think that using your 401(k) money to pay off your home is a good ideaWithdrawals from a 401(k) can lead to significant financial losses due to taxes and penalties.
'I have $4 Million in a 401(k) and Want to Retire a Decade Early -- What Are My Options?'Early retirement with $4 million is feasible, but financial planning, particularly with 401(k) restrictions, is essential.
Should I Start 401K Withdrawals at 60 After Losing My Job with a $1 Million Portfolio?Unexpected job loss in later years poses challenges for retirement planning but options exist.Assessing living expenses is crucial for deciding when to tap into retirement savings.
Nearly half of Generation X is not confident about retirement, survey findsGeneration X is increasingly concerned about their retirement prospects, with significant financial pressures impacting their confidence.
I'm almost 40 with just $68,000 in my 401(k) - should I panic?It's common for Millennials to feel behind on retirement savings, but there's time to recover and improve financial situations.
I'm Retiring at 50 With $9 Million in Assets - Should I Convert My 401Ks to Roth to Avoid Future RMD Taxes?The FIRE lifestyle requires careful financial planning and decision-making, especially about tax implications and retirement accounts.
Dave Ramsey says to think twice if you if you ever think that using your 401(k) money to pay off your home is a good ideaWithdrawals from a 401(k) can lead to significant financial losses due to taxes and penalties.
'I have $4 Million in a 401(k) and Want to Retire a Decade Early -- What Are My Options?'Early retirement with $4 million is feasible, but financial planning, particularly with 401(k) restrictions, is essential.
Should I Start 401K Withdrawals at 60 After Losing My Job with a $1 Million Portfolio?Unexpected job loss in later years poses challenges for retirement planning but options exist.Assessing living expenses is crucial for deciding when to tap into retirement savings.
Nearly half of Generation X is not confident about retirement, survey findsGeneration X is increasingly concerned about their retirement prospects, with significant financial pressures impacting their confidence.
I'm almost 40 with just $68,000 in my 401(k) - should I panic?It's common for Millennials to feel behind on retirement savings, but there's time to recover and improve financial situations.
Is Your 401(k) Affected by Trump's Tariffs? Here's What to Know and What You Should DoTrump's tariffs have significantly harmed stock markets, causing steep declines and jeopardizing 401(k) savings.
Is Contributing to a 401(k) Worth It on a $32,000 Salary? Here's What I DiscoveredInvesting for retirement is essential, regardless of salary.Employer 401(k) matching is free money and should be utilized.An emergency fund should be built before investing.Every cent saved contributes to retirement.
I'm 24 and contributing heavily to my 401(k), but my checking account is slim - is this normal?401(k) plans effectively aid retirement savings, but misconceptions can lead to challenges in balancing savings for immediate needs and long-term goals.
My Dad Asked Me to Max Out My 401K, But I Bought These COS, H&M, and Mango Items Instead (Sorry)Balancing immediate spending desires with long-term financial planning can cause conflict, especially when it comes to family expectations.
I've had several job changes over the years and have accumulated multiple 401ks - should I merge them all together?Workers today change jobs frequently, leading to multiple retirement plans.Deciding on managing multiple 401(k) accounts requires consideration of individual financial goals.
I'm Being Charged $255 Just to Move My 401(k) to Fidelity-Is This Normal?Account transfer fees for 401(k)s and IRAs can add up, costing over $250.It's advisable to ask brokerage firms for potential reimbursements to offset fees.
Is Contributing to a 401(k) Worth It on a $32,000 Salary? Here's What I DiscoveredInvesting for retirement is essential, regardless of salary.Employer 401(k) matching is free money and should be utilized.An emergency fund should be built before investing.Every cent saved contributes to retirement.
I'm 24 and contributing heavily to my 401(k), but my checking account is slim - is this normal?401(k) plans effectively aid retirement savings, but misconceptions can lead to challenges in balancing savings for immediate needs and long-term goals.
My Dad Asked Me to Max Out My 401K, But I Bought These COS, H&M, and Mango Items Instead (Sorry)Balancing immediate spending desires with long-term financial planning can cause conflict, especially when it comes to family expectations.
I've had several job changes over the years and have accumulated multiple 401ks - should I merge them all together?Workers today change jobs frequently, leading to multiple retirement plans.Deciding on managing multiple 401(k) accounts requires consideration of individual financial goals.
I'm Being Charged $255 Just to Move My 401(k) to Fidelity-Is This Normal?Account transfer fees for 401(k)s and IRAs can add up, costing over $250.It's advisable to ask brokerage firms for potential reimbursements to offset fees.
If You're Counting On A 401(K) For Retirement These Are The Mistakes To Avoid FirstAvoiding high fees and borrowing against a 401(k) can significantly impact your retirement savings.Maximize employer contributions in a 401(k) before transitioning to an IRA to minimize fees.
How does Your 401(k) Compare to the Average?Most individuals lack sufficient savings in their 401(k) to retire comfortably.Awareness of your 401(k) balance in comparison to averages can motivate better savings strategies.Regular investments and maximizing employer matches can significantly improve retirement security.
If I Retire Early, Do I Have To Leave My Whole 401(k) Untouched?Early 401(k) withdrawals incur penalties unless under certain conditions, such as the Rule of 55.
401(k)s Have New Maximum Limits in 2025 - Are You Getting the Most From Your Plan?A super catch-up contribution of $11,250 is available for 401(k) savers aged 60-63 to enhance retirement savings.
After Maxing Out Your 401(k), These Are the Next StepsMaxing out a 401(k) provides a solid foundation for retirement, but additional investment options like HSAs and brokerage accounts are available.
Can I Use My 401(k) to Buy a House? Yes, Here's HowUsing a 401(k) to buy a home is possible but fraught with risks.There are two primary options: 401(k) loans and withdrawals, each with specific conditions.
If You're Counting On A 401(K) For Retirement These Are The Mistakes To Avoid FirstAvoiding high fees and borrowing against a 401(k) can significantly impact your retirement savings.Maximize employer contributions in a 401(k) before transitioning to an IRA to minimize fees.
How does Your 401(k) Compare to the Average?Most individuals lack sufficient savings in their 401(k) to retire comfortably.Awareness of your 401(k) balance in comparison to averages can motivate better savings strategies.Regular investments and maximizing employer matches can significantly improve retirement security.
If I Retire Early, Do I Have To Leave My Whole 401(k) Untouched?Early 401(k) withdrawals incur penalties unless under certain conditions, such as the Rule of 55.
401(k)s Have New Maximum Limits in 2025 - Are You Getting the Most From Your Plan?A super catch-up contribution of $11,250 is available for 401(k) savers aged 60-63 to enhance retirement savings.
After Maxing Out Your 401(k), These Are the Next StepsMaxing out a 401(k) provides a solid foundation for retirement, but additional investment options like HSAs and brokerage accounts are available.
Can I Use My 401(k) to Buy a House? Yes, Here's HowUsing a 401(k) to buy a home is possible but fraught with risks.There are two primary options: 401(k) loans and withdrawals, each with specific conditions.
After Missing Both My, And My Employers 401(K) Contributions, What Options Exist To Fix My Retirement Situation?Investing in a 401(k) is essential for retirement saving, especially if started promptly after missed contributions.
My brother died leaving me the sole beneficiary of his 401(k) - should I feel pressured to share the money with my siblings?Beneficiaries of a 401(k) are not obligated to share their inheritance.Open estate planning discussions can mitigate familial tensions over inheritance.
Suze Orman says everyone should invest in a 401(k) - but never use it for thisTaking a loan from your 401(k) can lead to double taxation and financial penalties if not repaid before job loss.
After Missing Both My, And My Employers 401(K) Contributions, What Options Exist To Fix My Retirement Situation?Investing in a 401(k) is essential for retirement saving, especially if started promptly after missed contributions.
My brother died leaving me the sole beneficiary of his 401(k) - should I feel pressured to share the money with my siblings?Beneficiaries of a 401(k) are not obligated to share their inheritance.Open estate planning discussions can mitigate familial tensions over inheritance.
Suze Orman says everyone should invest in a 401(k) - but never use it for thisTaking a loan from your 401(k) can lead to double taxation and financial penalties if not repaid before job loss.
Don't let them sue: What private-equity bosses want from Trump on 401(k)sSlow adoption of private-equity investments in 401(k) due to concerns over litigation risks.Industry leaders seek legal protections to promote alternative assets for retirement plans.
If You Already Max Out Your 401(k), These Are the 7 Next Money Moves You Should MakeMaxing out a 401(k) is just the beginning; explore HSAs, IRAs, and debt repayment as next steps for financial health.
Do You Know More About Your 401(K) Than Other Americans?The SECURE 2.0 Act will significantly increase the catch-up contribution limits for individuals aged 60-63 in 401(k) plans.
Dave Ramsey says any claim that a 401(k) is a scam are "ridiculously ignorant statement" - and he's spot onA 401(k) is a legitimate and powerful wealth-building tool, contrary to some criticisms.
Gen X just saw a big bump in 401(k) millionairesRecord highs in Wall Street boost 401(k) millionaire accounts by 9.5%, benefiting mainly Generation X.
Do You Know the Answers to These Basic 401k Questions?401(k) accounts offer tax benefits and compound interest growth, making them a key tool for retirement savings.
Don't let them sue: What private-equity bosses want from Trump on 401(k)sSlow adoption of private-equity investments in 401(k) due to concerns over litigation risks.Industry leaders seek legal protections to promote alternative assets for retirement plans.
If You Already Max Out Your 401(k), These Are the 7 Next Money Moves You Should MakeMaxing out a 401(k) is just the beginning; explore HSAs, IRAs, and debt repayment as next steps for financial health.
Do You Know More About Your 401(K) Than Other Americans?The SECURE 2.0 Act will significantly increase the catch-up contribution limits for individuals aged 60-63 in 401(k) plans.
Dave Ramsey says any claim that a 401(k) is a scam are "ridiculously ignorant statement" - and he's spot onA 401(k) is a legitimate and powerful wealth-building tool, contrary to some criticisms.
Gen X just saw a big bump in 401(k) millionairesRecord highs in Wall Street boost 401(k) millionaire accounts by 9.5%, benefiting mainly Generation X.
Do You Know the Answers to These Basic 401k Questions?401(k) accounts offer tax benefits and compound interest growth, making them a key tool for retirement savings.
My father passed away 3 years ago and I'm having trouble getting his 401(k) - is it stuck?Proper estate planning, including beneficiary designations on 401(k)s, is essential to avoid inheritance conflicts.Communication with parents about their wishes can simplify the inheritance process.
Can Baby Boomers Overcome These 2 Big Retirement DisadvantagesBaby Boomers face a twofold challenge for retirement readiness: delayed investment in 401(k)s and a lack of preparation, risking future financial insecurity.
I've saved over $1 million my 401(k) but can barely afford to go out to eat - is it all worth it?The 401(k) retirement plan has effectively created numerous millionaires, demonstrating the value of consistent saving and employer contributions.
Can Baby Boomers Overcome These 2 Big Retirement DisadvantagesBaby Boomers face a twofold challenge for retirement readiness: delayed investment in 401(k)s and a lack of preparation, risking future financial insecurity.
I've saved over $1 million my 401(k) but can barely afford to go out to eat - is it all worth it?The 401(k) retirement plan has effectively created numerous millionaires, demonstrating the value of consistent saving and employer contributions.