The 401k retirement plan is a special type of account that invests in different asset classes such as stocks, mutual funds, and bonds, which are not taxed on any interests, dividends or capital gains when withdrawn on maturity. Although the main purpose of 401k account is to secure financial solvency for the retirement years, for […]
Tag Archives: 401k Plan
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Conventional wisdom tells us never to touch our 401K accounts until retirement – but conventional wisdom, as we know, can be wrong. So when might it make sense to withdraw your hard-earned savings before retirement? Conventional wisdom, again, would probably tell us to take it out only in emergencies. But there are situations when it […]
Overview Questions about the elusive 401b retirement plan have been cropping up on the web and finding information regarding its form and structure is difficult. As of 2010 it is no longer available as a 401b. The 401a and 401b retirement plans were the for-runner of the current 401k retirement plan offered by most employers […]
The financial and credit crisis of 2008 has caused a record rise in unemployment and has put millions of households under the poverty line worldwide. In the U.S., millions of people have lost their jobs and savings and many of them have considered liquidating their 401k plans as an option to avoid living on a […]
Your retirement is fast approaching and you have been pouring money into your 401k for the last thirty to forty years. The question now is how do you turn this accumulated account into a retirement nest egg. Along with Social Security benefits and pension plans, 401k accounts will be one of the primary sources of […]
Most of us are happy when we find a 10-dollar bill that we had forgotten in a pants or coat pocket, but you could be one of the estimated two million people that have mature unclaimed savings bonds floating around, or you could have a 401k plan that you have forgot about. You might have […]