Author: 401kEasy

This question of whether one is better off with contributing to the traditional 401k or Roth 401k is the subject of debate. We come down firmly on the side that a Roth 401k is more a gimmick than a legitimate financial tool, and people who use Roth 401k end up, over the long term, paying…

Getting detailed, updated mutual fund performance information is quick and easy. Simply go to your favorite browser search engine (i.e. Google, Firefox, Edge, etc.) and type in the search field the following: Morningstar + (ticker symbol), and click “enter” You will be taken to the Morningstar mutual fund performance rating report for the specific fund…

Please keep this in mind; 401k loans are definitely not a good source for quick or emergency cash. 401k loans have significant negative consequences, both immediately and in the long-term. If you’re considering a 401(k) loan, please be aware of the following…… Applying for a 401(k) loan is time consuming and it can take several…

Answer: Probably, according to non-profit AARP, the answer is “YES”. We think 401(k) financial advisors who are deducting fees from participants 401(k) retirement savings are essentially “pick-pockets.” Why do we say this?  A pick-pocket is someone who takes money from you when you are unaware it is happening. So if according to non-profit AARP, a…