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24 Jan '24Small Business 401(k) Plans – Guide and Providers
Continue readingA bit of a detour today to discuss small business 401(k) plans. Wealth45 generally focuses on employees of large technology companies. But thought a dive into the world of small business might be of interest. When it comes to 401(k) plans, the playing field shifts between small businesses and tech giants. Smaller companies, limited by […]
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17 Jan '24Navigating the 401(k) Questions Maze: Your Complete Guide
Continue readingNavigating the world of 401(k) questions can be a complex yet crucial aspect of financial planning. Employees often have various questions about these retirement accounts, and Wealth45.com is here to provide answers. Long-term retirement investments are vital financial resources that support you throughout your life. What is a 401(k) plan, and why is it called […]
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10 Jan '24Cisco Employee Retirement Investments
Continue readingCisco Systems, a networking technology leader boasting about 85,000 employees, offers a robust 401(k) retirement savings plan. This plan empowers Cisco employees to contribute a portion of their income towards a secure future, but the crucial question remains: what investments do these savvy individuals choose to fuel their retirement dreams? We will get to that, […]
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03 Jan '24How to Retire with $10 Million
Continue readingHow realistic is it for a new college graduate to retire with $10 million? Turns out, a million dollars isn’t what it used to be. The movie “How to Marry a Millionaire” was released back in 1953. It seems at that time—70+ years ago—being a millionaire was the epitome of financial success. Yet today, instead […]
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20 Dec '23Found Money – Finding a “Lost” 401(k) Account
Continue readingFinding a lost (or forgotten or old or misplaced) 401(k) account can be an unexpected windfall. According to Schwab: “Those born between 1957 and 1964 held an average of 12.4 jobs before the age of 54, according to the Bureau of Labor Statistics. The more accounts you acquire, the more challenging it is to keep […]
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06 Dec '23BofA Employee Retirement Investments
Continue readingBank of America, a financial powerhouse boasting over 260,000 employees, offers a robust 401(k) retirement savings plan. This plan empowers Bank of America employees to contribute a portion of their income towards a secure future, but the crucial question remains: what investments do these savvy individuals choose to fuel their retirement dreams? We will get […]
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29 Nov '23Retirement Plan Savings – Financial Voyeurism Part 5
Continue readingHow do your retirement plan savings stack up? Are you accumulating retirement assets faster than your peers? Every three years I look forward to the latest Federal Reserve Board’s Survey of Consumer Finances (SCF) to remind us how wealth is distributed in the United States. Also see the other postings in our Financial Voyeurism series: Part 1 […]
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22 Nov '23IBM 401(k) Plus Plan Changes!
Continue readingIBM 401(k) plan changes coming in 2024. The technological behemoth recently announced a significant change to its employee retirement benefits that has sent ripples through its workforce. Effective January 1, 2024, the company plans to bid farewell to its longstanding 5% matching contributions and 1% automatic contributions to employees’ 401(k) accounts. Instead, IBM will usher […]
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27 Sep '23How Do Wells Fargo Employees Invest?
Continue readingHow do Wells Fargo employees approach 401k retirement investing? Wells Fargo offers a 401(k)-retirement savings plan for its 300,000+ plan participants. Accordingly, these Wells Fargo employees can choose to contribute a portion of their income to the plan. But which investments do Wells Fargo employees pick as retirement investments? We will get to that, but […]
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20 Sep '23Should You Buy an Annuity in Your 401(k)?
Continue reading401(k) plans have allowed annuities for several decades, but recent regulatory changes have made buying an annuity in a 401(k) a hot topic. Annuitizing your 401(k) account can create a more pension-like retirement plan with fixed monthly payments. Obviously, this type of “guaranteed” monthly income is highly desirable for some people. But please, consider the […]
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30 Aug '23401K Investing: Walmart Employees
Continue readingHow do Walmart employees approach 401k investing? Walmart offers a 401(k)-retirement savings plan for its 1+ million employees. Employees can choose to contribute a portion of their income to the plan. But which investments do Walmart employees pick as retirement investments? What is a 401(k) Retirement Savings Plan A 401(k) plan is a retirement […]
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23 Aug '23401(k) Loan – Tread Carefully
Continue readingA 401(k) loan might seem like an attractive option when you’re in need of funds. But it comes with several pitfalls and potential drawbacks that you should be aware of before making this decision. What is a 401(k) Loan? A 401(k) loan allows individuals to borrow money from their own 401(k) retirement savings account. […]
