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Topic:
Retirement Planning
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Should You Borrow from Your 401(k)? Pros, Cons, and Key Considerations
When you’re in need of quick cash, borrowing from your 401(k) might seem like an appealing option. However, it’s crucial to weigh all your alternatives and consider your long-term financial goals before making a decision. Let’s explore the pros and cons of taking a loan from your retirement savings and what factors you should consider.…
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Why You Should Value Working for a Company That Offers Retirement Benefits
Not too long ago, I had a conversation with a business owner who surveyed employees about what they valued most in their compensation package. The list included healthcare, 401(k) benefits, and work-from-home flexibility. Surprisingly, the 401(k) plan didn’t come out on top. While this might seem understandable, especially for younger employees who have more pressing…
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Roth vs. Pre-Tax 401(k): Which Contribution Strategy is Right for You?
When it comes to saving for retirement, one of the most important decisions you’ll make is whether to contribute to a pre-tax or Roth 401(k). Your choice could have a significant impact on your future tax situation, and understanding the difference is key to making the best decision for your financial future. In this post,…
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Conquering Fear in Investing: Building a Resilient Portfolio for the Future
Understanding the Fear Response in Financial Decisions “Neither a man nor a crowd nor a nation can be trusted to act humanely or think sanely under the influence of a great fear…To conquer fear is the beginning of wisdom.” – Bertrand Russell Silly question—what’s riskier: nuclear reactors or sunlight? The most devastating nuclear disaster in…
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Mastering Retirement Plan Contributions: Common Pitfalls and Best Practices
Retirement plan contributions are a crucial part of any company’s benefit plan operation and managing them effectively can be a complex and overwhelming task. With intricate processes and numerous compliance requirements, errors can easily occur. This guide breaks down common pitfalls, explores how automation can simplify the process, and outlines best practices to ensure compliance…
