retirement planning

Retirement: No matter how close it is or how much you’ve saved, it still seems to feel far away.

Life is full of emergencies. When the unexpected occurs and expenses suddenly come out of nowhere, it may be tempting to borrow from your 401(k); after all, retirement is years away, and you have plenty of time to replenish the account.

Conventional wisdom has young workers putting money aside each month for their golden years. Part of the traditional fiduciary process is paying off all debts, then transferring money into a 401(k) or other retirement savings account from each paycheck.

Whether you’ve just entering the workforce or you’ve been working for a while, you are probably concerned about your financial future. The longer you go without addressing your debt, the higher your fiduciary risk. But with monthly expenses and college loans, reducing that risk can be tricky.

Despite the overwhelming financial advice, the majority of Americans have little to no retirement savings, and it’s a problem that seems to be getting worse.

Debt is a part of almost every person's life. There may be times when you look at your paycheck and wonder if the money you are putting aside for your retirement outweighs the cost of your debt. You may think it is best to stop contributing towards your retirement and put that money to paying off your debt.

When planning for retirement, investment advisors recommend the stability and the savings that 401(k) or 403(b) contribution plans offer.

What Should You Do? Save Your Retirement or Pay Off Your Student Loans

At What Age Should You Start Contributing to Your 401(k)?

If your employer is a retirement plan sponsor, you’ve probably received information about your retirement plan, including descriptions of all the investment options available to you. Why do retirement plans offer different options?