Start your Own 401k (With or Without an Employer)

We’re increasingly on our own when it comes to saving for retirement. In previous generations, it was normal to have a defined-benefit plan (also known as a pension) to support you after you stopped working. Now, most people are left with defined-contribution plans like 401k plans. There’s also Social Security, but that’s not getting any […]

Adding Money to your 401k by Check

401k plans are workplace retirement plans. Unfortunately, that usually means you can’t just write a check to your 401k to add money – the funds need to come out of your paycheck. If you’ve got extra money in the bank and you want to get it into your 401k, you’ll have to get creative. There […]

When Debt Brings you Down

This post is part of the World Suicide Prevention Day blog tour. If you or someone you know is feeling suicidal, please call the National Suicide Prevention Lifeline at 1-800-273-8255 or visit Being in debt – a lot of debt – can be overwhelming. For some, it can become a dangerous situation. This article is intended to be a resource for those who […]

Signing up for your 401k? What you Need to Know

Signing up for your 401k can be complicated – but it’s probably not the most difficult thing you’ll do this month. The most important thing is to simply get it done so that you can let it run on autopilot while you build up savings and focus on other things. If you’re not sure where […]

Money and Happiness

They say money can’t buy happiness, but the situation might be more complex than that. It’s certainly true that wealthy people can be miserable and poor people can be extremely happy, but money can have some effect on your level of happiness. It might even make a huge impact in your life. The popular saying about […]

Should You Invest in Stocks? It Depends

When saving for your goals, investing in the stock market is just one of your options. But it’s a confusing and sometimes scary option, so you might wonder if it even makes sense to invest in stocks. Should you Invest in Stocks? Why? As with any financial topic, the only responsible way to answer the […]

How to Sell an Annuity (or Payments)

Annuities do not have a reputation for being flexible, but you can often sell your annuity and get cash if you need to. Getting out of an annuity may be difficult – and expensive – so it’s not a decision to be taken lightly. There are generally two ways to get a lump sum from […]

Should you Invest When the Market is High?

The market is supposed to go up, but somehow a strong stock market can make investors nervous. The idea is that whatever comes up must go down, and a market reaching for new highs must be about to head south. You’ve probably heard that you’re supposed to buy low, and you may have trained yourself […]

401k Losing Money – What to Do?

When your 401k loses money – whether it’s due to market turbulence or fees – it’s important to understand what’s happening. Then you’ve got two choices: do something, or do nothing. Market Turmoil The most dramatic losses in 401k plans come from market losses: the things you buy lose value (or “go down”), and your […]

Be Like a Roth Investor

Want to be a smart investor? The Investment Company Institute’s recently released The IRA Investor Profile might show the way. It shows that Roth IRA investors in particular are doing a great job – it seems that they focus on all the right things. Possibly the most important factor in your retirement is behavior: what […]