How to calculate your average 401K balance

Benefits and withdrawal rules of 401(k) plans

What is an individual or a solo 401(k)? Also called as Uni-401(k) plan, an individual 401(k) plan is an Internal Revenue Code (Section 401) approved a qualified plan for retirement which is specifically designed for self-employed or sole-owned busine...

An overview on individual 401(k) plan

A 401(k) is a deferred tax saving plan where the employees of an organization/business save a part of their salary in 401(k) funds, for which she/he will not be required to pay taxes until the age of retirement. Here, both the employer and the employ...

Important age milestones in retirement planning

When it comes to retirement planning, it is an ongoing, dynamic process. However, there are some important ages in your retirement journey which matter more and are more important than the others. Thinking about money the rest of your life can be dau...

Retirement planning mistakes to avoid

There's more to retirement planning than just funding your 401(k) or IRA. One of the chief reasons why people engage a financial planner is to know if, and when, they can retire. Just the thought of retirement can cause anxiety and many feel overwhel...

Retirement planning – simple ways to prepare for retirement

Saving for retirement isn't easy as it is, what with debt payments and skyrocketing living expenses. However, what's harder is that the language of personal finances isn't easy or user-friendly, and is considered a taboo, not-too-happy topic to talk ...

Retirement planning – what are the options you have

Gone are the days when the working class in the country could get the Social Security or an employee pension plan to cover the costs incurred in their later years. Today, planning for retirement has become imperative. There are numerous options out t...