This post is part of a series in our Ultimate 401(k) guide. If you participate in an employer-sponsored retirement program, it's most likely a 401(k) plan. The old school pensions our grandparents had are about as common as a dinosaur walking down the street with a cup of coffee. Over the last several decades companies have put more and more of the burden for retirement … [Read more...] about 401(k) Pros And Cons: What You Need To Know Right Now
You’ve probably heard the term 401(k) at least a thousand times, and you might even have some of your own money invested in one. But exactly what is a 401(k)? And how does a 401(k) work? Those are the questions we're setting out to answer here. And we're going to answer them in plain English, so by the time you reach the end of this guide you’ll be an official … [Read more...] about How Does A 401(k) Work?
If you belong to a 401(k) plan you've probably heard the term "vested" mentioned somewhere along the line. But what exactly does it mean to be vested and how does a 401(k) vesting schedule affect the amount you have saved? As it turns out, vesting can either have no effect at all or it can be extremely important. And I know that sounds crazy, but stick with me because today … [Read more...] about How Do 401(k) Vesting Schedules Work?