You may think you have 401(k) retirement plan losses, but do you really? Take a look over my shoulder and I will walk you through a specific 401K plan balance that shows losses but actually had gains. You will learn how to look for the dogs and replace them. You will also gain insight into [...]

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Most of us are not prepared for any type of retirement, and I define retirement loosely like part-time worker, career changer, transition to self-employed, etc.  Currently only 14% of employees are on track to replace at least 80% of their income in retirement, and at least 50% of employees across all age and income levels [...]

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Post image for 3 Ways Your 401k Contributions Will Profit More Than Any Other Investment

You may think that you can make more money by investing outside of your 401K, but that is misleading. If you are eligible to contribute to your 401K plan then your first investment dollars should be an option within that plan. Don’t be tempted by short term gains elsewhere until you have contributed up to [...]

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There is no hard rule about who is best served by converting to a Roth IRA since everyone’s individual’s financial, income tax and wealth situations are different. But here are 10 reasons why you would consider a conversion: 1. Taxpayers have special favorable tax attributes including a high basis ration, charitable deduction carry-forwards, investment tax credits, [...]

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What’s In Your 401K Plan Line-Up?

by Fern LaRocca CFP®

in 401K

What do Verizon, US Airways, John Deere and Co., Seagate, Marathon Oil, Ernst and Young and Shell Oil Company all have in common? They all offered Fidelity Magellan as an investment option in their retirement plans in 2010 ( as did 1,400 other companies). The important question is: Do plan sponsors still offer Magellan? In fact, some companies [...]

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Get The Wall Street Journal for 75% off! There have been a seemingly endless number of articles and cable news segments about what you should do financially in 2011. Well its now 2011 and here are a few things I suggest on the retirement plan front. 401(k) Participants · Take a look at your account. [...]

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Ask About the 401K fees in Your 401K Program

If I were to ask you what 401k fees you pay, you would probably say nothing. Well, that’s not true. You are paying something, but it is hidden. The Department of Labor is about to change that. They are requiring that your employer provide you with information concerning the 401(k) fees that you are paying [...]

401K Contribution Limits for 2012- Should You Be Contributing?

The 401K maximum contribution limit for 2012 is $17,000. That means you can contribut a maximum of $17,000 into your 401K plan. If you are over the age of 50, you are able to contribute an additional $5,500 to the maximum 401K contribution limits. This is called the catch-up contributions because so many people are [...]

Report Finds 401K Investors Staying the Course

A new Fidelity report finds 401K investors who stuck it out despite the turbulance are being rewarded. Has the tide changed from panic to the quiet storm? I think we will see 200-300 point swings in the market and that can cause havoc to a portfolio that you are going to depend on for income [...]

Don’t Make These 5 Critical 401K Mistakes

It is no surprise that a lot of people are depending on their 401K maximum balance to provide income in addition to their social security. That is why you need to make careful choices when you are investing your contributions into your 401K plan at work. Here are 5 of the most common 401K investing [...]