Many Americans have been concerned after seeing their 401(k) and traditional IRA account balances drop drastically during the recession that was caused by the pandemic. However, there were also individuals with retirement funds that were not affected during this time. How is this the case? Well, those who had their
The concept that savers are losers might not make a lot of sense to you. This is because we all grew up with the so-called valuable lessons of saving money - work hard, place your money in your trusted savings account at your local bank, and you will be all
Are you wondering if your 401(k) balance is where it should be at this time in your life? Are you unsure if your 401(k) funds are growing at the appropriate pace? If so, you may want to check out the average 401(k) balance by age to find the answer. Although
For those of you who are asking yourselves if you should max out your 401(k) contribution, your off to a good start in regards to smart retirement planning. Thinking through your retirement savings strategy is the first step to ensuring you will have the nest egg you are hoping for
401(k) plans have been in place since 1978, and most of us grew up believing they will keep our future secure and allow us to retire comfortably. But the truth is the 401(k) is a lousy way to build wealth! So if you're wondering if a 401(k) can make money,
