401k

A 401(k) plan is one way you can save money for retirement. Companies sponsor 401(k) plans for their employees who can save a certain amount of money annually based on their age and other IRS requirements. How do 401(k) plans work? How much money can you save in a 401(k) plan? Learn about 401(k) plans from these Think Glink stories, blog entries, videos and more.

Should I Cash Out My 401K?

Should I cash out my 401K? Try hiring a financial adviser, reducing your living expenses and refinancing your home.  Q: I am a 49 year old who plans to retire from my current job by age 55. My 401(k) is now …

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Should You Use Retirement Funds to Buy a House?

Should you use retirement funds to buy a house? Borrowing from a 401(k) to buy a house can be a bad move. More in today’s Real Estate Minute. If you have to borrow money from your 401(k) or other retirement …

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Should You Use Retirement Savings to Pay Off Debt?

Don’t use your retirement savings to pay off debt, especially if you don’t have a lot of debt or high interest rates. Q: My wife and I are both 47 years old and we both have Roth IRAs that we …

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Withdrawing From 401k to Buy Home

Evaluate the pros and cons of renting versus home ownership before considering withdrawing from your 401k to pay for a home down payment. Q: My husband is considering taking part of our 401k after we retire and cashing it in. …

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Required IRA Withdrawals After Age 70 1/2

The government offers a choice of withdrawing all your IRA savings or receiving smaller payments after age 70 1/2. Q: When I retired a few years ago, I moved my 401(k) into an IRA. Now that I am 70, I …

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Keep Cash Safe or Invest in 401(k)

Should you keep your cash safe or invest your money in your 401(k) or Roth IRA. Where should you invest your money given recent events? Q: With interest rates as they are and investments frequently losing money, does it make …

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Roth 401k vs 401k Contributions

Should you make your contributions into a Roth 401k (post tax money) or make contributions to a non-Roth 401k (pre tax money). Q: My husband and I are trying to determine whether he should continue to make retirement contributions into …

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Short Sale Approval Not Possible With Lender

Some lenders are harder to get to approve a short sale. If you are having trouble, here are some ways to get your short sale approved. Q: I own a home, but I bought another home with my boyfriend. I …

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Paying For College With ARM Home Loan Or 401k?

Using ARM loan is better than 401k to pay for college. Q: My husband and I are 56 and 55 respectively. We have 3 college tuitions and 2 of 3 weddings done, and are now thinking of taking advantage of …

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