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401 K Plans

Having already wrote a comprehensive article on 401k withdrawals rules, the focus in the following article will be on 401k pros and cons, including the history of the plan and why it is that virtually all working class Americans are participants. The primary theme throughout this article is to help answer the question of whether […] Read more

The following article on deals with cashing out a 401k. There are many advantages and disadvantages to this decision and you need to weigh each option to make sure it is the right decision for you. After all, there are many 401k pros and cons that you need to consider when deciding on whether or […] Read more

The 401k plan is the dominate savings and investing account for many in the U.S., with around 54 million people participating as of 2015. (1) As a result, many people wonder what happens to their 401k plan if they quit or leave their job. In the following article we will address this question and provide […] Read more

In another article, we provided a thorough answer to is the 401k worth it. That article was a general overview of the plan. Here, we zero in specifically into the nuances of 401k withdrawals and loans and why the 401k might not be the best vehicle for building wealth. Giving additional money to the government […] Read more

Qualified Retirement Plan vs IRA

What is a Qualified Retirement Plan? Technically speaking, a Qualified Retirement Plan is any plan that satisfies the requirements laid out in section 401(a) of the Internal Revenue Code (IRC). A qualified plan is typically referred to as a “tax-deferred” plan, in that it allows the participant to contribute to the plan with pre-tax dollars. […] Read more