Author: 401kEasy

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 across the country to pay various 401k providers…

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 hell with everyone else.” Anti-vaxxers are also the first to clog up…

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 for bondholders- Next year, bonds, other fixed-income securities, and bank savings will face a challenging outlook. Historically low…

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 in an upcoming blog. To lay the groundwork for…

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…

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 Roth IRA Rollover. The “Back…

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, people stayed home and ended…

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 workers earning more than $175,000 are getting 65% of…

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 been compiled yet. Still, as a…

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 past 12 months? As of this…