We received my wife’s 401k plans statement yesterday and we felt like financial geniuses. Splashed on the first page of the statement was our mutual fund performances, up 28.14% in the quarter and 18.43% year to date. My instant reaction was of joy, but it quickly faded as questions were bubbling in my [...]
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Last week I came across a study done by the Investment Company Institute together with Deloitte regarding the expenses charged by 401(k) and other defined contribution plans. Here’s the short version:
The median fee for the 130 plans in the study was 0.72 percent of assets, within a range from 0.35 percent (the 10th percentile) to [...]
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We haven’t even gotten through this crisis yet, and we have another one on the way? Seriously?
That’s what John Bogle–the founder of Vanguard and the creator of the first index fund–would have us believe. And, distressingly enough, the case he makes is pretty convincing.
Last month, Bogle testified before the House of Representatives about the upcoming [...]
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After weeks of waiting and calling everyone to do their part of the process, I finally got my 401k moved over this week. During this time, I realized a few important facts about the 401k offered by my employer.
The employer match will not be fully vested until my 10th year of employment (it starts [...]
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Now that I decided to roll my 401k into a traditional IRA, the next step is to figure out the company that I should roll the money into. As the funds will likely remain in the same place until I’m past 60 years old, it is a decision that I should carefully analyze. [...]
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Now that I told everyone about my plans to quit my job and move onto full time blogging, it’s time to look into how I should handle my current 401k account once I leave the company. As I don’t have a huge 401k account balance, the penalty if I don’t do anything will be [...]
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Miranda Marquit edits information on debt consolidation for DestroyDebt.com. She also writes on personal finances for YieldingWealth.com.
In our society, access to money is a big deal. We want instant access (usually via some form of plastic card) to money. And, in an era where lending standards are making it difficult to take [...]
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This article is contributed by Heather Johnson, a freelance writer as well as a regular commentator on the topic of credit card reviews. Heather invites your questions, comments and freelancing job inquiries at heatherjohnson2323 at gmail dot com.
Many people contribute to their retirement accounts with little planning, but it’s important now than ever that you [...]
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Most people look at their 401k and examine how much they have contributed during year end. We know this because most people talk about it during November and December when everything is set and done. Some think a little further ahead and try to plan for the next 12 months during year end [...]
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US News has a very interesting article that shows various interesting statistics on account balances Americans hold in his/her 401k accounts. If you are one of those people that always wonder how your 401k nest egg compares to others in the country, this article is for you.
First, here’s the median account balance separated by [...]
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My company was recently approached by Merrill Lynch to switch our 401k plans from ADP. This is a huge change as it affects every employees’ since different funds will be available once the switch over happens.
Our company has pretty much decided to move forward and the president asked me to look into the selection of [...]
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