Financial Wellness @ Work

Author Archives: Rick Meigs

About Guest BloggerRick Meigs

President, 401khelpcenter.com

Rick Meigs is the founder and President of 401khelpcenter.com, LLC a Portland, Oregon based company. The company is a leading provider of information, opinion, analysis, news, rules, and other 401k resources for plan sponsors, retirement professionals, small businesses, and employees. Mr. Meigs is a nationally recognized authority on 401k retirement plans and has a practical working knowledge having successful founded and run a number of retirement companies. Mr. Meigs is co-author of the "401(k) Plan Participants Survival Guide," co-editor of the "401(k) Plan Sponsors Fiduciary Toolkit," and was co-host of the radio show "The Retirement Hour" for over three years.

His comments and articles have appeared in many publications including: The New York Times, Wall Street Journal, San Francisco Chronicle, TheStreet.com, CFO Magazine, and Entrepreneur.

GUEST BLOG POST: The 6 Reasons Why the 401(k) Is the Best Way to Save for Retirement

401(k)s have gotten some negative press due to the market downturn during the recession, which took a big toll financially on many employees. Even so, as someone who has dedicated my whole working life to retirement planning, specifically to the 401(k), I wanted to share six important points on why 401(k) are still a better vehicle for saving for retirement.

  1. The matching contribution. The vast majority of companies who sponsor 401(k) plans match your contribution into the plan. You can’t get that with any other savings vehicle. For example if you’re going to put money into an IRA nobody is going to come in and give you $0.50 for every dollar that you put into that IRA. Read more
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