As 2018 is ending, the IRS has released its tax laws for 2019. While there aren't nearly as many changes as there were for 2018, which reflected the sweeping tax law revisions in the Tax Cut and Jobs Act of 2017, there some changes will affect contributions to your retirement funds. The IRS also has changed how it calculates inflation.
Topics: 2019 contributions, Tax changes 2019, contribution changes 2019, 401k contributions 2019, Maximize retirement contribution limits
Your 401(k) is an employer-sponsored retirement account that you fund with deductions from your paycheck and with matching contributions from your employer if applicable. The purpose of a 401(k) is to build a nest egg for your retirement, but what if you need money sooner?
Topics: 401k loan, Pay back 401k loan, how to take a 401k loan, what is a 401k loan, penalties for withdrawing from your 401k, rules for 401k loan
Saving for your retirement is important, and it is likely you have either a 401(k) or Individual Retirement Account (IRA) set up for that purpose. However, funds have fees that decrease the total amount available at retirement. One fee that can decrease a total balance is an expense ratio, which is a fee that exists on all retirement funds and is one of the most important fees to understand.
Topics: what is a good expense ratio, investment expense ratio, expense ratio, expense ratio formula, what is an expense ratio, average expense ratio, hidden investment fees, investment fees, Saving for Retirement, Near or in Retirement
