What Financial Advisors May Not Tell You About 401(k) Rollovers

December 08, 2015

I love the holidays. For me, Christmas is the chocolate time of the year- chocolate cakes, cookies, hot chocolate. It is awesome! I recently made my own Crock-pot hot chocolate and invited friends over to share my sugar rush. Continue reading “What Financial Advisors May Not Tell You About 401(k) Rollovers”

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

June 30, 2011

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.

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

The Impact of Being an HCE

February 15, 2011

Some of your employees may have recently received a letter in the mail notifying them that they are considered an HCE – highly compensated employee. The good news is that being an HCE means a nice paycheck, since the employee would have made at least $110,000 in 2010. The bad news is that because of their HCE status, their ability to contribute to the company 401(k) may be limited. Continue reading “The Impact of Being an HCE”