The 401(k) Easy Blog is not neutral and not without bias. Our goal is to alert and educate 401(k) savers to the severe damage 401(k) fees are causing to their retirement security financial advisors and their partner 401(k) administrators are constantly “skimming” fees from workers’ 401(k) accounts, and according to non-profit AARP, most people…
401(k)-Type Pension Plan Smacked with $10 Billion Lawsuit
Massive $10 Billion Lawsuit Targets 401(k)-Type Pension Plan A US law firm has found a new and growing revenue source; Suing businesses with 401(k)plans stocked with hidden and “not-so-hidden” fees deducted from employees’ 401(k) assets. This is not a minor issue. Millions of dollars are being skimmed and sliced off 401(k) plans’ assets daily across…
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 401(k) Easy wager that the vast majority of anti-vaxxers do not use 401(k) plans to save for their retirement. A typical anti-vaxxer is hostile to the idea of a government-sanctioned 401(k). They embody childish, selfish attitudes of “I’m independent, and to…
401(k) Investment Forecast: Insights into the Future
What the Crystal Ball Tells Us About the Investment Outlook for 2022 The future of 2022 401(k) 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 401(k)
Securing the Future of Young Americans with 401(k) Plans Did you know that the future of 401(k) 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 401(k) 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 401(k) 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 401(k) Contributions
Advantages of Backdoor 401(k) Contributions To Find out What’s Wrong About Backdoor Roth 401(k) Contributions go to the Blog at https://nofees401k.com/blog/ To Find Out What’s Right About Back Door 401(k) Contributions, Read the Following: 1) People with higher incomes use a “Back Door 401(k) (BDC), which is a combination of their Roth 401(k)and their Roth…
Where are the Missing 40k Millionaires?
Uncover the missing 40K millionaires First, the Good News—The good news is that today there are more “401(k) millionaires” than at any other time in US history. The two factors behind this increase in 401(k) accounts worth $1 million or more are: (1) the significant run-up of the stock market, and (2) because of Covid,…
Biden 401(k) Explained in 180 Seconds.
A 2 minute video on what Biden 401(k) is The goal of the proposed Biden 401(k) is to “push down” the tax benefits of 401(k) 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 401(k) participants, and…
Covid-19 Epidemic & Your 401(k) (Part 2 of 2 Series)
Covid-19 on 401(k) impact part 2 Covid’s under-reported impact on 401(k)s has been a ten-fold increase in demand for 401(k) loans and 401(k) hardships. A sizable portion of 401(k) 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 401(k) (Part 1 of 2 Series)
Covid-19 on 401(k) 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…