News & Insights
What is the 401(k) catch-up contribution limit for seniors?
Once you reach the age of 50, you are eligible to make increased contributions to your 401(k) retirement account. This is called a catch-up contribution, which is designed to help seniors nearing retirement to give their savings an extra boost to their retirement nest egg. The catch-up contribution limit changes every year. As of 2020, […]
When can I withdraw funds from a 401(k) account?
You have been saving for years. You are not quite ready to retire, but it is a lot closer than it is further away. When you are drawing nearer to your retirement, you need to start considering a strategy for when to withdraw and how to use your funds. However, there are strict rules about […]
What is the difference between an IRA and 401(k)?
If you work for a company that offers a retirement plan, it is likely that it is offering a 401(k) plan. However, a 401(k) is not the only type of retirement plan available to you. There are several options out there, but one of the other main retirement planning options besides the 401(k) is an […]
Four retirement income planning mistakes you need to avoid
When it comes to planning for your retirement, there is a lot of information out there about what to do. We have covered extensively in the past some tips for what you need to do to save for your retirement. However, just as important as it is to hear about what you do need to […]
Am I saving enough for retirement? Is it possible to save too much?
As long as you have been a working adult, you have probably heard over and over that you need to be saving for your retirement. You have probably even heard this from us more than once. That is because saving for your retirement as early as possible helps you generate wealth over the years to […]
What is the Cboe Volatility Index and how does it affect investors?
Are you a new investor who is excited about making short-term and long-term investments to grow your wealth? There are many opportunities for success in the market, but you have to be focused and smart with your investment decisions. Poor investments can lead to the loss of wealth. Smart investments can lead to a large […]