The 401(k) retirement savings plan is one of the best ways to save for retirement. The result of a provision in the Revenue Act of 1978, the 401(k) has become so popular that it is now the main source of retirement savings for many Americans. At first the provision allowed employees to save in a … Read More
Use Your 401(k) as a Retirement Savings Plan, Not a Piggy Bank
With the enactment of the Revenue Act of 1978 the modern day 401(k) retirement plan was born. After a modest beginning, employer sponsored retirement plans have become a major factor in how we save. So much so that, for many Americans, the employer sponsored 401(k) plan is the only place they are … Read More
The 7 Biggest Baby Boomer Retirement Mistakes
According to the Pew Research Center, roughly 10,000 Americans will celebrate their 65th birthday every day for the next 19 years. The first Baby Boomers - born between 1946 and 1964 - are moving from the workforce into retirement. There is a large amount of research done related to this change in … Read More