The West Egger

Young People Looking Financially Forward

Left your employer without taking your 401K?

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A friend e-mailed me last week asking about her 401k options. She left her former employer, but also left her 401k plan with them. She was wondering if she should roll the old account over into an account with her new employer.…

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Help! My 401(k)/403(b) is plummetting!

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A reader wrote in about the benefits of investing in stable income funds. These types of funds have risk and return a little higher than your average…

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Traditional vs Roth IRA Accounts

We have already discussed the path to future financial independence involves starting to save early. The first action is to invest in a company 401(k) or 403(b) plan up to the point of the match. I’ve explained this process already…

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Calculating 401(k) or 403(b) Contributions

Many companies offer a 401(k) or 403(b) plan as a benefit to their employees. For those who are familiar with 401(k) plans as being a retirement savings plans, a 403(b) is a similar plan offered to employees of educational institutions and non-profit organizations. Both have the benefit of deferring taxes until withdrawal.

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