Tag Archive for: 401(k) accounts

How to Find A Lost 401(k): The Best Ways to Track Down Forgotten Retirement Funds

As of May 2023, there were an estimated 29.2 million forgotten 401(k) accounts, totaling $1.65 trillion, or 25% of all 401(k) assets. If you think you might have lost track of your own 401(k) accounts, here are some steps to help you locate your forgotten funds.

When Does A Roth 401(k) Make More Sense?

While both Roth and traditional 401(k) contributions offer benefits for retirement savings, there are important differences between the two, and in some cases, one might be more advantageous than the other.

Six Ways A Bad Credit Score Might Derail Your Retirement Plans

Preparing for a comfortable retirement goes far beyond contributing to a 401(k). You might encounter devastating surprises in retirement if you're currently ignoring the personal finance metric of maintaing a good credit score.

Seven Tips These Experts Recommend if You Fear Capital Gains Taxes

The gains you make on investments can help fund further investments, help you save for a project you’re taking on or even contribute to your retirement. Many people are nervous to invest though because of the potential capital gains taxes they’ll have to pay — or the taxes owed on any profit made on the sale of a particular investment. Financial and investment experts, however, say this fear shouldn’t keep you from investing and explain why as well as give their best advice.

What Are The Tax Rates For Different Types Of Retirement Income?

Your IRAs, pensions, taxable accounts and Social Security distributions create various tax implications. So, it’s vital to understand them and implement strategies to reduce your tax liability and maximize your retirement funds.

Will There Be A Recession In 2022? How To Prepare Now

With mounting anxiety about an impending recession in the US, you may be concerned, or at least a little curious, about what this may mean for your finances. So how do you best prepare, save, invest and generally make smart money moves in these uncertain times? For some guidance to help navigate through this difficult financial period, CLICK ON THE HEADLINE