401(k) Plan Education
The most common way to save for retirement is through a 401(k) plan and even seasoned investors have many questions: How much can I contribute to a 401(k) plan? What is an employer match? Do I get to keep my money when I leave? Where do I invest my money?
We provide with the complete detials on how these plans work so that you can make informed decisions to build your nest egg. Choose your category below and become more education personal finance manager!
401(k) Basics Explained
401(k) is an employer-sponsored retirement plan in which you deposit money directly from your paycheck and into specified investments as a source for retirement.
Dollar Cost Averaging
When you invest in your 401(k) on a regular basis, this means that you are buying when prices are low as well as they high and this is a proven investment strategy.
401(k) Contribution Limits
The IRS has maximum contribution limits that are reviewed each year. They also allow for additional money to be invested in an account which are called catch-up contributions.