Tag Archives: 401k

Should I Use a 401k Debit Card?

When Jeremy at Generation X Finance wrote The 401k Debit Card: Probably One of the Worst Ideas Ever, I couldn’t have agreed with him more. What is the 401k Debit Card? Obtaining a loan against your 401k is nothing new, but in the past it was a bit more difficult and the repayment terms were

Response to Reader: What is a Roth 401k?

A reader posted the following comment on Maximum Allowable 401k Contribution: “Curious what your thoughts are on Roth 401k’s? Thanks!” Good question, Marjory. Let me see if I can answer your question as clearly as possible. First, let’s define what a Roth 401k, or Roth-K for short, really is. If you are familiar with a

Take Control of Your Retirement Fund

There’s nothing exhilarating about a retirement plan. You simply pick a few mutual funds when you open the account and deposit some money to be spread across your picks every month. Every six months or so you may review your statements, see how you are doing, maybe rebalance a few things, but mostly just keep

Maximum Allowable 401k Contribution

Managing savings through your company’s 401k has a tremendous number of benefits, but how much can you actually contribute to this retirement plan? The 401k tax law can be quite confusing. For the most part, your 401k contribution limit depends on the lower of: Your company’s 401k contribution limit compared to your income. For example,