10 Merry 401(k) Savings Tips to Help You Avoid Becoming a Retirement Scrooge

Retirement readiness in an advent calendar! Day 10 – Schedule Annual Advisor Meetings. Plan Sponsors, include your TPA! You made it! If you’ve kept up with the nine previous days of tips, you’re well on your way to a holly, jolly Retirement! Now let’s pull it all together with one final tip to help you avoid…

RMD- Avoiding the Plague

RMD- Required Minimum Distribution Small transgressions can come with enormous repercussions. Take for example the ‘black death’ pandemic of the 14th century. Tiny rodents were primarily responsible for wiping out nearly 200 million people of the European population because of the bacteria-carrying fleas that hitched rides on rat’s backs. While failure to take a required minimum distribution may…

Serial Borrowing from 401(k)

After the initial loan, a recent Fidelity Investments study shows that a participant finds it much easier to return to their 401(k) account and take out another loan, and another, and another.  With the lower interest rates around 4%*, participants find it hard not to borrow from their retirement savings especially when “Compared with credit cards…