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The Five (And Only Five) Times it Might be OK to Tap a Retirement Account

Eleanor Blayney

Back in November, I spotlighted a letter from a reader who agonized over a debt dilemma that involved his retirement savings. “Nick from Michigan” wanted to tap his 401(k) to pay off $12,000 in credit card debt, but couldn’t pull the trigger. I talked to a few financial experts who all said the same thing: […]

Roth 401ks vs. Traditional 401ks

Roth-vs-Traditional

Last week, we asked: 401k or IRA? So the obvious follow-up is: Roth or traditional? If you read that and say, “huh?” Don’t feel bad. Despite hundreds of articles I’ve read on the topic, I have yet to find one that explains the differences between Roth and traditional accounts in a way that non financial […]

Which Retirement Account Is Right For Me?

Compare the differences between a Roth and Traditional IRA and 401(k) plan.

Unless you’re new to the personal finance scene, you probably already know that you should be socking away a good deal of money into one of those handy-dandy retirement accounts to prepare for your future. This is especially true for the twenty-somethings out there who have years upon years for our money to ride out […]

What To Do If Your Employer Doesn’t Offer a 401(k) Plan

About 75 percent of Americans have done at least a little saving for retirement. Yet only 55 percent of full-time employees in America contribute to an employer-sponsored 401(k) or 403(b) retirement plan, according to reports by the Employee Research Benefit Institute. Although some employees choose not to contribute their employer’s 401(k) plan, other employees would […]

401(k) Q & A

Q: I just started my first full-time job but am not eligible for the company sponsored 401(k) until December. What should I do if I want to start saving for retirement now? A: It’s a great idea to get a head start on your retirement saving even if your employer delays the onset of its […]

Should You Pay Off Credit Card Debt or Contribute to a 401(k)?

Should you start saving for retirement with a 401(k) before paying off credit card debt? It depends on your situation, but for most people the answer is…