401k
-
What Am I Paying To Be In The 401k
All investments have internal fees but the fees vary dramatically. If your company representative ( the person at your company that makes the final decisions on what vendor is selected for your 401k - that is usually the owner or CEO ) does not monitor these fees closely, they can cost you a lot of money. You have an absolute right to have a CLEAR understanding of the fees that you are paying inside your company sponsored 401k investments. Since Read More... -
What Are The Different Kinds Of 401k Plans
There are several different types of 401 K plans to choose from. Funds can be invested into stocks, bonds, real estate, etc. Mutual funds take sums of money from many individuals and pool it together. Each person owns a share of the fund representing a part of the fund's holdings. A professional investment adviser manages the funds by following a specific investment policy. There are investment management and administration fees, as well as vari Read More... -
New for 2006, the Roth 401k
One of the new tax strategies available in 2006 is the Roth 401k. A taxpayer may place up to $15,000 ($20,000 if age 50 or older) in a Roth 401k instead of a regular 401k plan in 2006. The 401k plan needs to have the provision that allows contributions to go into a Roth 401k. Just because the tax law allows a Roth 401k plan does not mean that all employers will revise their 401k plans to allow Roth 401k contributions. The Roth IRA has been one w Read More...
RELATED ARTICLES