|Although 401k Plans have been around for three decades, the average 401k Plan only has a balance for those retiring at age 65 of only $47,000.|
- 401(k) balances below high of six years ago
Despite strong investment gains during the past three years, employees' 401(k) account balances, on average, are lower than they were six years ago as the accounts have yet to fully recover from the beating...
- 401k Plan Loans - An Overview
Allowing loans within a 401k plan is allowed by law, but an employer is not required to do so. Many small business just can't afford the high cost of adding this feature to their plan. Even so, loans are...
- Home Equity Line of Credit vs. Second Mortgages
If you own a home, you may be able to obtain quick cash using your home's equity. For the most part, our homes are our biggest asset. As our home's value increases, so does the equity. Some homeowners...
- Roth 401k Only Available to a Few
Only about one in three employers are expected to start Roth 401(k) plans in 2006. But, those who are self-employed, independent contractors, or business owners with no employees, don’t have to wait....
- The Attractive Tax Break for Home Loans
So, youve decided on the house, youve researched your mortgage product options, and you know which product you need. Have you taken into consideration the tax advantages that are being touted as an attractive...