Maximizing your 401k: How Plootus can help recent graduates navigate personal finances
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5 ways how Secure Act 2.0 is impacting your retirement plans (401k, 403b and others)
Five highlights of Secure Act 2.0 are: 1) Automatic Retirement Plan Enrollment 2) New Required Minimum Distribution (RMDs) Rules 3)
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All You Need to Know About No-Penalty 401(k)/IRA/403b Withdrawal in the CARES Act
Waives the 10% early withdrawal penalty for distributions up to $100,000 from qualified retirement accounts for those affected by the virus.
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Is Dipping Into Your 401k The Worst Way to Repay Your Student Loan?
Average student debt Why people dip into 401(k)? Withdrawing from 401(k) Borrowing from 401(k) Using your 401(k) to repay student
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3 Fees That Are Bleeding Your Retirement Assets
Per the US Department of Labor, a 1 % higher 401k plan fees and expenses could reduce your balance at retirement by 28% over a 35-year career. That’s a big deal! As not all employer’s match, people are looking to the financial advisors for answers (and ironically paying hefty fees to find ways to reduce fees).
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401(k): 7 Mistakes of Average American’s Life
Seven of the most common mistakes that an average American may make when investing in their retirement plans.
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How to plan your 401(k) in 2019?
Investing in a 401(K) plan is quintessential for an average American to enjoy a happy retirement. In fact, managing it
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An offer letter is in the mail. Now what?
At this time of the year, with bonuses from last year pocketed, I am sure a few of you are looking for greener pastures! What you’re going to do with your 401k plan balance is definitely not one of the top things on your mind when switching jobs. However, it is an important decision that needs to be made.
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Plugging the holes in your retirement bucket
Per US Department of Labor, a 1 % higher 401k plan fees and expenses could reduce your balance at retirement by 28% over a 35-year career. That’s a big deal! ! As not all employers match employee contribution, people are looking to financial advisors for answers (and ironically paying hefty fees to find ways to reduce fees).
Continue readingJohn Bogle: Father of Index Funds died at 89
Yesterday, January 16, 2019, will go down in history for the passing of John Bogle, fondly known as the father of index funds, who died at the age of 89. He was the first to create a mutual fund tied to an index such as S&P 500 and made index investing a popular phenomenon. He revealed to the world that active fund managers rarely beat the benchmark indexes on a consistent basis and are plagued by exorbitant advisory fees and high operating costs.
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