Currently viewing the category: "401k"

The Illusion of Tax Deferral

On February 13, 2012 By

Millions of American’s contribute to tax deferred accounts on a monthly basis, in fact, thanks to the Pension Protection Act, you are now automatically enrolled in a 401k when you start a new job. These types of accounts do 2 things:

-Defer the tax
and
-Defer the tax calculation

Keep in mind you [...]

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The 401k

On February 6, 2012 By

In this podcast we discuss how and why the 401k was created. We also discuss the new economic environment and how today it might not be the same decision it was 30 years ago.

Click to Listen: The 401k

Here is the table referenced in the podcast:
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High – and often hidden – cost of government sponsored retirement plans

On June 20, 2011 By

Ron Lieber writes for the New York Times and has recently focused his attention on how 401(k) fees are structured, identified and communicated to participants.

click here to read his article

One major issue I see is the fact that the 401(k) plan has only been around for 30 years. Plans first started [...]

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The 401k Predicament: Inaccessability

On February 12, 2011 By

Posted by BecomingYourOwnBank.com Advisor – Jake Thompson

The 401k is often offered in many workplaces, some of which you are automatically opted-in, but is it the right direction to retirement?

Apart from the uncertain taxes, fees, and the market itself, one of the 401k’s major downfalls may not be the investment vehicle’s performance, but [...]

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