Make Smart Money Decisions
When you find yourself in need of a loan, you might wonder if there’s an easy way to secure funding without going through the usual channels. One option that comes to mind for many is the possibility of using a …
When you approach retirement, one of the key decisions you’ll face is how to ensure you have a steady, reliable income stream. You may have heard of annuities as a potential solution. But what if you already have a 401(k) …
Disability can create significant challenges, not just for your health but also for your finances. If you’re receiving disability benefits, you might wonder whether you can still contribute to a 401k. The good news is that, in most cases, yes, …
If you’re facing child support arrears and wondering whether your 401(k) can be accessed to cover those debts, you’re not alone. Many people ask the question, Can child support take your 401(k)? The answer is yes, but only under certain …
When managing your 401(k), one of the most important things to understand is how the pro rata rule works, especially when you have both pre-tax and after-tax funds in your account. The pro rata rule is crucial because it determines …
Going through a divorce can be an emotionally and financially challenging experience. Divorce often comes with significant financial burdens, such as legal fees, division of assets, and the costs associated with establishing a new living situation. If you’re wondering, “Is …
When you miss a 401k contribution, it can be a bit unsettling. You may worry about losing out on retirement savings, tax benefits, and potential employer matches. Fortunately, there are steps you can take to correct missed 401k contributions. This …
Planning for retirement is an essential part of personal finance. One of the most common ways to save for retirement is through a 401(k) plan. If you’re looking to maximize your retirement savings, it’s important to know how to calculate …
In-Home Supportive Services (IHSS) provide essential care for individuals with disabilities or elderly individuals who need assistance with daily activities. IHSS providers offer a vital service, but when it comes to retirement planning, many providers may wonder about their options. …
Yes, an S corporation can have a Solo 401(k) plan, also known as a one-participant 401(k) plan. This type of retirement plan is ideal for small business owners who are either the sole employee or the primary employee of their …