401k

Baby Boomers Catch Up, 2009 401k Contributions Have Increased

“Woe is Me” is the cry for the baby boomer that now realizes that they haven’t saved enough for retirement.  Most don’t even consider retirement in the their early working years, but around the age of 50 is when the little bell goes off that rings, “You need to start saving yesterday”.  For those hearing …

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How You Can Tap Your 401k With No Penalty For Baby Boomers

How to Tap Your 401k Without Penalty Is your retirement just around the corner and you’re concerned on where you’ll be able to derive your monthly income?  You may have a pension,or you may have Social Security, but if you are retiring early then you’ve most definitely been more diligent in your investment tracking and you know …

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In-service 401(k) Withdrawals: Right Strategy For Boomers?

Can you withdrawal money from your 401(k) while you are still employed? Not everyone should, not everyone can, however, if you can, it may mean that you can effectively implement part of your retirement income plan before you retire. If your 401(k) plan permits it, you can take an in-service withdrawal from your 401k and redirect some …

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What Are Your Options With Your 401k if You Lose Your Job?

Ifyou’re laid off, what happens to your retirement money?  Well, you have three basic choices with your 401(k). One gives you more freedom and control than the other two. You could just leave your 401(k) alone. The money will remain invested, and the financial firm handling your 401(k) will keep mailing you quarterly statements telling …

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What the latest news really means for your 401(k)

The current U.S. and oversea economic situations are grim and the market is constantly fluctuating. Even level-headed investors are panicking and looking for quick financial fixes. However, it is important that everyone takes a step back to put the market movements in perspective. A drastic and sudden investment decision may give you short-term relief, but …

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