Search results for: 401(k)

…for retirement. However, they come with numerous drawbacks, 401K withdrawal rules and restrictions which are spelled out below. We’ll also look at how 401Ks compare with using Bank On Yourself…

…dime of it. Why Life Insurance Policy Loans Beat 401(k) Loans Bill Williams borrowed against his 401(k) plan to help put his son through college. But there are many problems…

…401(k) says it’s a monster that should be destroyed. But the pandemic, shutdown and resulting economic downturn have exposed dangerous cracks in the 401(k) system. I’ll explain three of them…

…there have been new studies revealing just how devastating to your financial health a 401(k) can be: Recent 401(k) Wealth-Killing Revelation #1: A new academic study by two Yale and…

…investor pays in 401(k) fees could add up to significant costs over the life of a 401(k) plan. For example, for an employee who has been working for 35 years…

…2: Redirect Future 401(k) Contributions to Enjoy Multiple Benefits and Tax Advantages Rather than funding a 401(k) at his new job, Jason puts the same $19,000 a year he was…

…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)…

…even worse than 401(k) fees While all the attention has been focused on the confiscatory fees you pay in a 401(k) plan, IRA fees have gotten ignored. Many people assume…

…Experts Say the 401(k) is a 40-Year Experiment that’s Failed… In addition to creating a totally unpredictable future tax liability, experts say 401(k)s come with other wealth-killing pitfalls: The employer…