When You Prematurely Cash in Your 401K- Ouch

At some varying points in your life, some strange things may occur- It’s called life. Many of these strange happenings come at the most unexpected times, with some sort of financial emergency attached to them. This emergency can cost typically more than a few hundred dollars, or maybe even a few thousand. Sometimes you even consider cashing in all or part of your 401K.

When a 401K is Not a Good Deal for You

Whether you realize it or not (and this just might be the case, as you have gotten this far), the classic 401K’s that have been around for over 25 years, complete with fair employers who are truly looking out for the retirement interests of their employees, are a great deal most of the time. Many of these employers offer a company match to the amount that you have automatically deducted from your pay each pay period to further increase your investment returns.

Switching Employers? Tips for Protecting Your 401K

The road of life has many twists, turns, hills, valleys, and dips throughout its course. One of the most complicated forks in the road comes when one considers switching employers, because no one knows exactly what to expect in the miles ahead.

And what about the invested funds in your 401K?  What will happen to your nest egg?

Retiring with a 401K? Really?

Since their introduction in the early 1980’s, 401K’s have become one of the most popular forms of retirement savings. One reason for this is that the employee is in the driver’s seat when it comes to steering the investments.

Get the 411 on a 401K

In 1981, the U.S. federal government decided that they needed to encourage people to begin saving for retirement, something beyond the realm of (and to ultimately reduce dependence on) social security. Offering tax breaks to those who participated was just the beginning of what Internal Revenue Code 401K had planned to establish.