Category Archives: 401K Plan

401K Withdrawal Rules – Why Is It Better To Leave Plan Alone?

401K Withdrawal Rules

Employers generally administer and provide 401K plans for their employees. Workers normally contribute their own money into the 401Ks to provide for retirement and matching funds are contributed by employers at a predetermined amount of the employee’s income.401K rules can

Should I Consider Opening 401K For Small Business?

Small Business 401k

Small business 401K plans can be powerful tools in recruiting and retaining potentially good employees. 401K plans provide financial security for retirement and are listed as one of the top benefits employees seek. You need to consider providing 401K retirement

401K and Divorce – What Are The Rules?

401K and Divorce

The state where divorcing couples reside will determine the property allocation laws and joint marital property. Many states’ legislation allows ex-spouses to keep property they used to own before their marriage, but after marriage any jointly owned accounts are divided

Mercer 401k Review

Mercer 401k

A Mercer 401k can be a great 401k plan for most people, and Mercer is a name that is known and trusted in the financial sector. There are a number of plans that can be tailored to fit the company

Borrowing Against 401k For College – Wise or Not?

Borrowing Against 401k

Borrowing against 401k account balances can be tempting, and most plans allow loans in a number of situations. The good news is that loans from your 401k are not charged a ten percent early withdrawal penalty, and you will not

Using 401k To Buy A House – Is It A Good Idea?

Using 401k To Buy A House

Is using 401k to buy a house a good idea? Some say yes, others say no, and for most people the truth lies somewhere in between. If you simply withdraw the funds to purchase the home then you may or

Best 401k Plans For Small Businesses

Best 401k Plans

What are the best 401k plans for small businesses? The answer will depend on the specific small business, because some only have owner operators while other companies may have employees who are not owners of the business. Small business 401k

Top Ten 401K Benefits

401k Benefits

1. Automatic Deductions- One of the top 401k benefits is that your contributions are directly deducted from your earnings. This makes your retirement fund contributions easy and convenient, because you do not have to do anything for the contribution to

401K Distribution Rules For Disability Reasons

401k Distribution Rules

The 401k distribution rules outline exactly when these distributions can be made without the ten percent tax on early withdrawals being assessed. Cashing out 401k plans can have enormous and devastating tax consequences, because ten percent of the amount that

401K Withdrawal Penalty Free – When Is It Possible ?

401k Withdrawal Penalty

The 401k withdrawal penalty is one that can be costly at ten percent, and this penalty is assessed if you withdraw from you account before you turn fifty nine and a half years old, with certain exceptions. The law does