Retirement Plan Mistakes To Avoid

Planning for retirement effectively takes time. People should also be aware of what they need to do in order to develop a retirement plan that will work for them instead of against them. This means being aware of the many possible retirement mistakes that can be committed that would render any plan useless.    Here are some of the more common mistakes to avoid. Not Being Part Of A Company’s Retirement Plan

Posted by Ardent Editor on Oct 26 2011 in 401k & Company Plans Tags: , , , , , ,

Signs That A Pension Fund Is In Trouble

Everyone wants to make sure that their retirement fund will be more than enough to provide for them during their retirement years. But like any other things, even retirement funds can be at risk. Pension funds can’t always ensure that it can always provide for the needs of future retiree, especially if the said fund show signs of trouble. Here are some that may alert people whether their pension funds might b

Posted by Ardent Editor on Feb 15 2011 in 401k & Company Plans Tags: , , , ,

Simple IRA Basic Plan

A SIMPLE IRA Plan is one type of US employer-provided retirement plan. SIMPLE IRA stands for Savings Incentive Match Plan for Employees Individual Retirement Account. It is similar in some ways to other employer sponsored retirement plans but is simpler and lower to establish in terms of administrative costs. How It Works?The SIMPLE IRA Plan can be established by a small business owner having less than a hundred employees. When establishing the SIMPLE IRS, the business should not have any other …

Posted by Ardent Editor on Sep 19 2008 in 401k & Company Plans

Common 401K Mistakes

Just because you opted for a 401K as your retirement plan, your future becomes any easier. In fact, wrong decisions while investing on your retirement plan may leave you getting smaller amount of money and a little less happy retirement life. Here are some mistakes in investing for 401K that you need to avoid. Sticking to just one fund – Just because your company offers 401K does not mean you should load all your retirement money into one fund. Diversification is key when it comes to inv…

Posted by Ardent Editor on Aug 27 2008 in 401k & Company Plans

Biggest 401K Mistakes

A lot of people are misinformed about 401K that they accept advices from different people without checking whether it would be beneficial to them. And more often than not, they end up with lesser or, worse, even no money remaining in their retirement fund. Here are the following options about 401K that you should avoid at all cost.Opting out – Getting into a company’s 401K plan is voluntary, you may or may not be required to participate. Not choosing to participate in this benefit would be the b…

Posted by Ardent Editor on Jun 23 2008 in 401k & Company Plans

Reasons to Open a 401K Plan

You’ve been hearing about it lately in different financial shows: take a 401K and save money for your retirement. But have you ever wondered what’s it all about? Is it completely safe against money launderers, pawn owners, and other untrustworthy people? Here are some reasons why you should opt for 401K.Easier savings With 401K, your contributions are automatically deducted from your paycheck. You don’t miss your payments for the savings plan or overspend the money that you have. The 401K is inv…

Posted by Ardent Editor on May 12 2008 in 401k & Company Plans

Catching Up on Retirement Savings

Retirement planning takes time. The earlier in life that you start planning for your retirement, the more likely that you will have enough funds saved up to retire comfortably. But this is not what usually happen to most people. Most of them end up trying to play catch up. Although some people may regret not ever planning for their retirement earlier, all is not lost. There are some ways in which some people may be able to play catch up. But this would depend on how late one may have begun doing…

Posted by Ardent Editor on Apr 23 2008 in 401k & Company Plans

401(k) Plan: Understand Your Retirement Benefits

When you are contemplating on retiring, you would find yourself more comfortable and at ease when you have saved up for yourself enough money to provide you with funds that you can spend once you have decided to stop working and enjoy the rest of your life. It is important for everyone to at least have a plan of preparing for retirement by saving a part of their earnings during their working life for their retirement fund. One of the best ways to amass such a retirement fund is by getting a 401(…

Posted by Ardent Editor on Oct 3 2007 in 401k & Company Plans

Understanding The 401(k) Plan

The 401(k) is just one type of many retirement plans that is sponsored by one’s employer. It is a type of retirement plan that allows an employee to save a portion of earnings for retirement while putting taxes on it on hold for awhile up until the fund has been withdrawn. As an employee benefit, a 401(k) must be sponsored by an employer, usually that of a private corporation, although a self-employed individual may be able to do so as well. As an employee benefit, it is up to the employer to de…

Posted by Ardent Editor on Sep 19 2007 in 401k & Company Plans

Defined Contribution and Defined Benefit Pension Plans

When you think of retiring, it is only natural that you mull over every aspect of your retirement plan as carefully as possible. Just like when you were younger and you wanted to change career, retirement is not something that you decide overnight. Most of the times, it will need careful considerations of existing circumstances and situations and deliberate decision making about your future. And one of the things that probably crossed your mind is whether to go with a defined contribution plan o…

Posted by Ardent Editor on Jun 20 2007 in 401k & Company Plans

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