The 401k Easy Blog is not neutral and not without bias. Our goal is to alert and educate 401k savers to the severe damage 401k fees are causing to their retirement security financial advisors and their partner 401k administrators are constantly “skimming” fees from workers’ 401k accounts, and according to non-profit AARP, most people…
401k-Type Pension Plan Smacked with $10 Billion Lawsuit
Massive $10 Billion Lawsuit Targets 401k-Type Pension Plan A US law firm has found a new and growing revenue source; Suing businesses with 401k plans stocked with hidden and “not-so-hidden” fees deducted from employees’ 401k assets. This is not a minor issue. Millions of dollars are being skimmed and sliced off 401k plans’ assets daily…
On a Scale of 1 to 10, How Stupid are Anti-Vaxers?
Serious Question….On a Scale of 1 to 10, How Stupid are Anti-Vaxers? We at 401k Easy wager that the vast majority of anti-vaxxers do not use 401k plans to save for their retirement. A typical anti-vaxxer is hostile to the idea of a government-sanctioned 401k. They embody childish, selfish attitudes of “I’m independent, and to…
401K Investment Forecast: Insights into the Future
What the Crystal Ball Tells Us About the Investment Outlook for 2022 The future of 2022 401K investments Investors need to prepare for a vibrant 2022. We do not believe stocks are undervalued, and the key to success will be in identifying the areas of a national and global enterprise that will outperform: Sad news…
The Future for Young Americans and the 401k
Securing the Future of Young Americans with 401k Plans Did you know that the future of 401k plans is being debated now in Congress? President Biden’s economic and social policies will have a significant impact on the future of the American middle class; the effect on 401k plans will be enormous and will be discussed…
The SSP—Secure Savings Programs
Many forward-thinking states (including California, Illinois, Oregon, Colorado, and counting) will soon require small employers (those with 5 to 25 full-time employees) to offer their staff either a 401k or a state-mandated secure saving program; also known as an “SSP.” All but the very smallest businesses, those employing four people or less, will be required…
What’s Right About Back Door 401k Contributions
Advantages of Backdoor 401k Contributions To Find out What’s Wrong About Backdoor Roth 401k Contributions go to the Blog at https://nofees401k.com/blog/ To Find Out What’s Right About Back Door 401k Contributions, Read the Following: 1) People with higher incomes use a “Back Door 401k (BDC), which is a combination of their Roth 401k and their…
Where are the Missing 40k Millionaires?
Uncover the missing 40K millionaires First, the Good News—The good news is that today there are more “401k millionaires” than at any other time in US history. The two factors behind this increase in 401k accounts worth $1 million or more are: (1) the significant run-up of the stock market, and (2) because of Covid,…
Biden 401k Explained in 180 Seconds.
A 2 minute video on what Biden 401K is The goal of the proposed Biden 401k is to “push down” the tax benefits of 401k participation to 80% of American workers who earn less than $175,000 in W-2 wages. Currently, these workers are receiving only 35% of the tax benefits of all 401k participants, and…
Covid-19 Epidemic & Your 401k (Part 2 of 2 Series)
Covid-19 on 401K impact part 2 Covid’s under-reported impact on 401ks has been a ten-fold increase in demand for 401k loans and 401k hardships. A sizable portion of 401k savings has been prematurely withdrawn from plans across the country to meet savers’ short-term emergency needs. The impact from massive numbers of premature withdrawals has not…
Covid-19 Epidemic & Your 401k (Part 1 of 2 Series)
Covid-19 on 401K impact part 1 We are all living in a radically different American today than just 12 months ago because of the Covid 19 virus epidemic. Scientists and genuine experts predict another year will pass before most of us feel life has returned to “normal.” What have we all suffered through in the…