Tag: 401(k)

After several rounds of reflection, I found I was not that busy. I was afraid of taking action and failing afterward. I have my little pep talk on reframing my thinking about failure, but the important thing is my gradual step of learning retirement represents a step toward my essential goal. To ...

The Retirement Quest Imagine this: you’re sitting on a beach, sipping a piña colada, and soaking up the sun. Retirement dreams, right? But to get there, you need a treasure chest of money. Enter the 401(k), your trusty map to financial bliss in your golden years. The 411 on 401(k)...

Introduction: As a solopreneur, planning for retirement might seem daunting. However, understanding and utilizing a 401(k) plan can secure your financial future. In this article, we’ll explore the benefits of 401(k) plans and how they can work for you. What is a 401(k) Plan? A 401(k) plan i...

They speak to our intense desire to compare our accumulation to those of everyone else. They speak to the hidden fear that we haven’t saved enough (or, for those of us who’ve done well, our hidden glee). Understandable? Of course! Human? Sure! Helpful? Not so much and maybe even...

Until the 1980s, most employees could count on “defined-benefit” (DB) pensions. That all changed with the advent of the 401(k) and other “defined-contribution” (DC) plans, created by a 1978 legislation. In DB plans, it was up to the employer to figure out how man...