Should I start investing? Or should I keep saving and relying on my company 401k? I’m 21 and have recently started working part time for the first time at a actual job. My job gives me a 401k that I’ve been putting 6% of my check every pay into, and after a year will match 6% (I have ~$300 invested and will have ~$1,000 by the end of the year). I save pretty aggressively, always putting 30% of my check into savings, and alway…

What the difference in 401k and ROTH shown in this employer plan https://ibb.co/6g3gt9G If there is a difference what should I be doing? submitted by /u/10stepsahead7221

I recently realized that my 401k is charging .2% admin fee/year to manage my account. Is this a lot? My father says he never paid ANY 401k admin fees his entire working life. He stopped working 3 years ago to retire. Is no fees common? I thought my setup seemed good until I spoke to him. submitted by /u/3boyz2men

Employer terminated 401k My employer just terminated my 401k that I’ve only had for 2ish years. I’m new to this, what’s the best idea for what to do with it. I understand basic options are Roth or traditional but what’s a better choice and how would I go about this? submitted by /u/otinutz

401K loan payback after 59 1/2 I took out a 401K loan before I turned 59 1/2. I am now 60. I can now just stop paying the balance and it will be looked at as a withdraw. Taxed as income. I am wondering if that would be better than paying back the loan. The money that goes to the loan is taxed first and since it is not a roth 401k, I believe it will be taxed again when I do wi…

Employer hasn’t matched their full commitment to my 401k. My employer offers a 401k match up to 4% of earnings. I’ve set my contributions to 4% and have maxed out my contributions last year and this year; however my employer’s contributions stop around ~$13.5k both years. I do receive commission checks and have noticed that they match those as well as my regular salary. There is no stipulation that t…

Just learned employer stopped taking contributions from my check for 401k I just checked my 401k after several years and just now noticed my employer stopped taking contributions from my check without my ask to do so. My statements show I’ve been contributing 5% each pay period from November 2021 (my earliest available time to enroll and with a 5% match) and then the contributions just stop March 2022. Is there a rea…

Should I invest my whole pay check into 401k Hello everyone, I started my first job out of college beginning Jan 2024 and my company offered a 401k plan with a 3% match. I knew nothing about 401ks due to the lack of me not researching. So I decided to just put 3% of my paycheck in since my company was just matching that percentage. Well back in May I started researching and found out I sho…

Got laid off. Need advice on what to do with my severance/pension/401k Title says it for the most part. I (41m) got laid off. Will be getting a pretty nice severance in a lump sum. What can I do to maximize that lump sum for the next year? I have to pay part of it back if I get hired again by the same company so it needs to be accessible for a year-ish. What should I be doing with my pension and 401k? I want to min…

First Job, 401k contribution? First job, making ~45,000 yearly. 22M with 0 debt. Living at home to save money. Trying to decide the portion of salary to go to 401(k), personal investing, etc.. thoughts? Are there any rules of thumb? Side note.. employer won’t match contributions for 1 year submitted by /u/zburrows

401k Profit Sharing Advisor Fees I am an employer and offer a 401k with Profit Sharing. The % for the Advisory Fiduciary Fee’s seem significant as the account grows. The advisors do minimal work and I’m questioning if it’s necessary to have them at all. We work directly with the Eplan (401k platform) Directly for the most part. My employees brought the advisor fees to my atten…

My father decided that he wants to work for 3 more years at least before he retires. Should he change his 401k investment fund? Hello, My father will be 67 years old next year but told me today that he wants to work for 3 more years at least before he retires. For his 401k, he is currently invested 100% in the fidelity freedom 2025 target date fund. Should he change his investment to the 2030 target date fund If he wants to work a little longer? Or should he stay in the …

Help me understand my employers match in my 401k I recently started a new job and my employer gave me information on their 401k program. In the packet it says “Employer contributions will be 25 cents on a $ up-to 6% for calendar year 2024.” What exactly does this mean and is this considered a good or bad employer match? submitted by /u/PartyNightAway

Increase 401k or Roth? My employer matches my 401k up to 6% which is what I currently contribute. I also have automatic HYSA contributions (saving for my first home) and then put what I can into my Roth IRA. The 401k is worth 4x the Roth right now so I’m really starting to see the interest compound on that. Should I increase 401k to 8% or increase Roth contribution? …

Employer Moving to Stocks Instead of Cash for 401k My employer recently sent out this communication to all employees regarding their retirement accounts: “As part of our commitment to help you prepare for your future, adds matching contributions to your account in the savings plan. Currently, the company uses cash to provide the match and, when the match is added to your acco…

At what age/salary did you start to max your 401k? Hello. I’m 28 and am a little behind on my 401k due to graduate school. I was planning on maxing it out this year, but I live in SoCal. I got a 100k job offer and the company has a 5% match. I started with a 10% contribution because I had a bit of debt from school but was planning on increasing that to 20% later this year. I haven’t yet because …

Rolling over my 401k into an IRA Have an old 401k and i am rolling it over to a IRA. The only downsides I see is a $3 fee Which I assume I will make back with lower fees I was in 33% international 24% small cap 35% S&P 500 2.75% bond 4% target date fund I’m thinking about going 80% FZROX (total us market) and 20% FZILX (total international index fund) Any other downsides t…

solo 401k moved to ascensus Should I stay/leave? What are some better platforms with little to no fees? submitted by /u/Suspicious-Aside-953

Ascensus taking over Vanguard solo 401k’s…. So I have been reading there was going to be a move but didn’t pay much attention to it. Now a large portion of my portfolio is missing from my vanguard, transferred to a servicer I never asked to do business with. TRYING to sign up for ascensus but of course, the site is crashing today since others wonder just where in the FUCK their money is t…

401k calculator – too high? I’m 29, have $45k in my 401k, 9% rate of return since I started in 2018, 3% raise every year, company matches 100% up to 4% of my salary (I make $83k currently) When looking at different 401k calculators, they say I’ll have anywhere from $4m to $4.5m by the time I’m 65 (some a little more, some a little less) which seems way too high but maybe I…