Using Behavioral Economics To Help 401k Participants
Listed below are obstacles that 401k plan participants need to overcome to propel themselves successfully down the road to retirement readiness.
Key Ways To Help Your 401k Participants Become Better Investors
Here are some of the 401k investing errors your participants often make and suggestions on what you can do to help them avoid the most common 401k investing mistakes.
Educate Your Employees On Using HSAs In Retirement Planning
If you offer a High-Deductible Health Plan (HDHP) to your employees, they probably have the ability to contribute to HSAs. I believe that nearly everyone eligible to contribute to an HSA should max out their HSA contributions each year. Here’s why.
401k Loans: The Worst Possible Investment
Taking a 401k loan is such a bad investment choice that it should not be allowed in any 401k plan other than for hardship reasons.
The 10 Biggest 401k Plan Misperceptions
Your 401k plan participants really believe some of the things outlined below!
What’s The Right 401k Contribution Rate?
The most frequent question I receive from 401k participants is, “How much should I contribute?” Find out in this post how much you should be contributing.
What Retirees Wish They Would Have Known
Recent studies have uncovered some important retiree regrets that you can share with your employees in your 401k education sessions to help make their paths to retirement more successful.
Help Your 401k Participants Make Better Investment Decisions
Find out why 401k plan participants make bad decisions and what you can do to help them overcome these destructive behaviors.
Should 401k Plan Sponsors Worry About The Roth Promise?
Whenever I talk with 401k plan sponsors or participants about making Roth 401k contributions, at least half of them tell me they would never do it. They all cite the same reason. They don’t trust the federal government to keep its Roth 401k promise to allow tax-free distribution of Roth balances. I think they are wrong — not about trusting Uncle Sam, but about whether the government will keep its Roth 401k promise.
Bad Idea: Rolling A 401k Into An IRA, Part III
I believe that most of the time it does not make sense for your 401k plan participants to elect a 401k rollover into an IRA when they leave your employment.