Evaluating Your Financial Health
Think About Adjusting Your Income
Some ideas for what to do with your old 401(k) when you get new job.
Automate your retirement plan contributions, contribute to other regular savings opportunities, and slow down automated spending on bills and credit cards.
If you can automate financial virtue and slow down financial vice, you will achieve your goals sooner than you could imagine.
By making your saving automatic and (if needed) your spending intentional, you can achieve financial independence and the freedom to spend your time as you desire far earlier than average.
For retirement plans from previous employers, you have an option to move the funds into your current employer retirement plan in a direct tax-free transfer. You can also set up an IRA on your own with a brokerage or mutual fund company and transfer old retirement plan balances directly, without suffering a tax hit. Here are some considerations to help you make your decision.
If you’re like many investors, you may be using a method to pick retirement plan investments that is almost guaranteed to delay your financial independence day.
When looking at your 401(k) plan options, your investor mind probably didn’t register the humble stable value fund .But for those who have the patience to get to the bottom of their 401(k) investment menu, stable value funds offer some key advantages that merit inclusion in your retirement plan.
Investing wisely in your company pension/401k plan