primary home In every case, it’s up to your employer and the plan custodian to approve your request for a 401(k) hardship withdrawal. 401(k) Loans Must Be Repaid, but 401(k)…
if You Default on a 401(k) Loan? Yellen: Okay, Rich, we can talk about something else. Answer me this: what happens if someone defaults on a 401(k) loan? Get Your…
conventional financial wisdom, I’m used to that, so here goes… 401(k)s are a scam. Want proof? Here Are Six Reasons Why 401(k)s Are a Scam… Reason #1: The 401(k) Tax-Deferral…
deal with all this? Are there good alternatives to 401(k)s?” Let’s take a look at the drawbacks to 401(k)s and good alternatives to them. The 401(k) drawbacks include: Unpredictable market…
plus you’ll lose that retirement income. By the way, don’t think for a moment you can beat the penalties and taxes by simply turning your 401(k) loan into a 401(k)…
Bank On Yourself, with a new label slapped on. 10 Reasons Why the 501(k) (Bank On Yourself) Is the Ideal 401(k) Plan Alternative Your Bank On Yourself plan will be…
seven frightening facts you should know about 401(k)s… Frightening 401(k) Fact #1: Your employer can – and probably is – making risky decisions on how to invest your money for…
I did pay back the 401(k). If I’d had a Bank On Yourself-type policy, I could have borrowed from it—I now have three policies—and they would have continued to grow….
deduction for 401(k) contributions. And one proposal would also change the tax-deferred nature of 401(k)s by imposing a 15% tax on your annual gains. Why would Congress consider tinkering with…
Reasons Your 401(k) is a Scam In a recent blog post, I discussed 6 reasons 401(k)s are a scam. Think you’re getting “free money” in the form of a 401(k)…