401(k) Plans 403(b) Plans Asset Management Diversification Forbes Investing Retirement Planning

Are Target-Date Funds A Good Choice For Your 401(k)?

Nearly every retirement plan offers target-date funds as investment options. But are target-date funds a good choice? The age-based method of setting your asset allocation makes sense in some cases, but investors can also stay in a target-date fund too long. Put another way, if your financial situation has evolved…

Kristin McKennaJuly 13, 2020

401(k) Plans 403(b) Plans Brokerage Account Financial Planning Retirement Planning Tax planning Updated for 2021

Should You Always Max Out Your 401(k)? The Downside of Pre-Tax Retirement Accounts

Is it always a good idea to max out your 401(k)? For wealthier retirees or individuals with a sizeable pension, you might not want to max out contributions to your 401(k). Here are some situations where maxing out your 401(k) might not make sense. (more…)

Kristin McKennaSeptember 5, 2018

401(k) Plans 403(b) Plans Employee benefits Infographics Retirement Planning Updated for 2020

What’s the Difference Between a 401(k) and 403(b)?

How is a 403(b) different from a 401(k)? (Updated for 2019). Although 401(k) and 403(b) retirement plans are very similar, there are some key differences between the two. If you recently changed jobs and aren't sure how your new retirement plan compares to your old plan, this infographic may be…

Kristin McKennaNovember 8, 2017

403(b) Plans Employee benefits Investing Retirement Planning Updated for 2020

Retirement Planning with a 403(b)

Although the 401(k) retirement plan is more common, many Americans have access to a similar employer-sponsored retirement plan called a 403(b) plan. 403(b) plans are generally used for nonprofit companies or organizations, certain hospitals, public schools, state colleges and universities, and some government organizations. (more…)

Kristin McKennaSeptember 30, 2017

401(k) Plans 403(b) Plans Business owners Retirement Planning Secure Act SEP IRA Solo 401(k)Updated for 2021

Two Jobs, Two 401(k)s? Contributing to Multiple 401(k) Plans

Can I contribute to more than one retirement plan? This is a common question for individuals that have more than one job or run their own business part-time. Many workers in this situation wonder if they can contribute to two 401(k)s at once. Yes, you can have multiple active 401(k)s,…

Kristin McKennaMarch 29, 2017

401(k) Plans 403(b) Plans Asset Management Investing Rebalancing

How Often Should You Rebalance Your 401(k)?

Like any investment account, rebalancing your 401(k) or 403(b) retirement plan is an important part of a successful strategy. An asset allocation is the percentage of your account that you distribute between different asset classes, like stocks and bonds. Without periodic rebalancing, your investment mix shifts and no longer aligns…

Kristin McKennaDecember 21, 2016

403(b) Plans IRA Rollover Job Transition Updated for 2021

What Happens to My 403(b) If I Get Fired or Laid Off?

If you get fired or laid off from your job, consider the options for your old 403(b). In most situations, rolling your 403(b) over to an IRA is the best option, but it's not your only choice. Here's what happens to your 403(b) if you get fired, laid off, or…

Kristin McKennaApril 20, 2016

403(b) Plans Financial planning for physicians IRA Rollover Job Transition Updated for 2021

What Should You Do With Your Old 403(b)? Here Are Four Options.

Updated for 2021. For doctors and medical professionals, switching hospitals often means starting a new 403(b) retirement plan. Before leaving, consider your options for the old plan. In most instances, it makes sense to roll the old 403(b) plan into an IRA account. However, it is important to know what…

Kristin McKennaOctober 14, 2015

403(b) Plans