When To Use a ROTH 401K

Roughly 75% of employers that Fidelity serves as an administrator offer a ROTH option in their 401K plans. If you were amongst the lucky 75%, when you enrolled into your 401K and were customizing contributions, you may have noticed that you had a choice between a Traditional or a ROTH 401K. Most people select the “Traditional 401K” option, and only 13.6% opt to contribute to a ROTH account. It could very well be that majority of plan participants do not take the time to research which choice would serve them better and go with the safe sounding “Traditional” option. So, when does it make cents (HA!) to choose one over the other? The answer depends on your financial priorities now versus the future, let’s take a look.

401KGuest UserAugust 4, 2022Roth IRA Series, Michael Mikonis

What should I do with my 401(k) when I retire?

So, you’ve finally let the company know that you are ready to retire. You’ve given them notice of your last day and now they are scrambling to make sure they are prepared for your departure.

You’ve already done your planning. You know your plan looks great and you are ready to take some well-deserved time for yourself. But have you thought of everything? What about that 401k – what are your options? Should you rollover your IRA or keep it in the plan? Or maybe you cash it out and take that trip of a lifetime you’ve always wanted to do? Let’s take a look at your options.

401K, RetirementGuest UserNovember 23, 2020Jenn King, 401k and IRA

401K Hardship Withdrawals: What Qualifies & What It Means to You

Many people have saved for their retirement years in 401K plans, which typically do not allow distributions until one is 59 ½, retires or changes employment. However, it can become a true lifeline if you can qualify for a “Hardship Withdrawal” if your plan allows for such a distribution.

401KA.S.September 15, 2020Michael Mikonis, 401k and IRA

3d Quarter of 2018 Commentary from the Chief Investment Officer

The 3d Quarter of 2018 was a dream ride for the United States stock market, with the S&P 500 gliding smoothly up 7.7% with hardly any hint of the volatility that marked the first two quarters of this year.

401K, Investing, RetirementJon CastleOctober 3, 2018401k, investing, investment advisor, market correction, recession, stock market

Stock Market Correction – Should We Be Worried?

The important step here is to determine what really matters and what does not – we will refer to irrelevant things as “noise” going forward.

401K, Investing, IRAsMichael MikonisFebruary 14, 2018investing, stock market, market crash vs correction

Should I pull money out of my 401k to pay off credit card debt?

Honestly, I don't think that is a good idea. It may seem like a quick fix... but you know what they say about quick fixes!

401KJon CastleAugust 17, 2015401k and IRA

How do I Invest More Than I Can Put in my 401k or IRA?

How do I Invest More Than I Can Put in my 401k or IRA? This question often arises as an investor's income increases to the point where they can save beyond the limits.

401KJon CastleAugust 15, 2015401k and IRA

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