How Your 401K Works to Your Benefit

Many of the younger generation don’t often put much thought to how they will live after they retire. After all, it seems as if it is eons away. But retirement creeps up on you faster than you realize and proper financial planning in your younger years will be a key factor to the lifestyle you [...]

Does the 401(k) max contribution limit include the employer match?

There is a maximum limit on the total yearly employee pre-tax salary deferral. The limit is $15,500 for the year 2007, and will remain $15,500 for the year 2008. Employees who are 50 years old or over at any time during the year are now allowed additional pre-tax “catch up” contributions of up to $5,000 [...]

Can I rollover my 401k while still employed?

In recent conversations, the question has come up as to whether you call rollover your 401k to a traditional IRA while still employed at the sponsoring employer. There seems to be some confusion about this and rumors of new laws that allow it.
The short answer to the question is, no. By law, you [...]