401(k) FAQs

For those seeking to prepare for retirement while employed at a public school or … Read more

A Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal … Read more

Increasing contributions to a 401(k) plan can significantly reduce your federal income taxes by … Read more

To find your 401(k) contribution on your W2, locate the box labeled “Wages, tips, … Read more

Withdrawing funds from your 401(k) before reaching age 59½ can result in financial penalties. … Read more

Your W2 form, issued by your employer, summarizes your annual earnings and deductions for … Read more

Cashing out your 401k before reaching age 59½ can lead to hefty penalties. The … Read more

To determine your 401(k) contribution per paycheck, you need to first decide the percentage … Read more

When you contribute to a 401(k) plan, the money you put in is deducted … Read more

In general, employers are not required to approve 401(k) loans. 401(k) loans are subject … Read more