Although they may seem similar at first glance, your 401(k) is very different from a traditional savings account. Between rules dictating how much money can be contributed to the plan and the ...

A 401(k) is an employee-sponsored retirement plan offering tax advantages. You contribute a chosen percentage of your income, which is then automatically withheld from each paycheck by your employer ...

• Roth 401 (k) or IRA: Uncle Sam is taken care of (income tax paid) prior to the contribution. You get no tax deduction, but the money can grow and withdrawals after age 59 ½ can be tax-free. So which ...

In this enlightening video titled "Hey Dad, what's a 401k?", we dive into the basics of retirement savings. Discover the importance of 401k plans, how they work, and ways to maximize your ...

A 401(k) plan is one of the most effective ways to save for retirement. It allows workers to put aside part of their paycheck before taxes are taken out. Many employers also offer matching ...

You have to do more than just throw money into your 401(k) if you want to grow your savings as quickly as possible.

Thrift savings plans (TSPs) and 401(k) accounts are two vehicles used to save and invest for retirement. Both operate similarly in many ways, including tax advantages, caps on contributions and ...

Once you've got these basics in place, it's time to strengthen your safety net, maximize additional investment opportunities ...

Aiming to become a millionaire by retirement isn't a pipe dream for most people. It's actually quite an attainable goal, if you have a certain amount to invest regularly, a certain number of years ...

What Is a 401 (k) Plan? Before diving into rollovers and your options when you leave a job, let’s go over some 401 (k) basics. A 401 (k) plan is a tax-advantaged account offered by businesses to help ...

David Elizondo, a certified financial planner at Poterack Capital Advisory Inc. in Davenport, is offering several sessions on the basics of a 401(k). According to a news release, he plans to discuss ...