401k - One Cent At A Time

401 (k) Questions to Ask Your New Employer

November 6, 2017 Leave a Comment

When you begin a fresh job, there is a lot to learn and not just how you will do the job you have been hired for, but also understanding your employee benefits is very important. Retirement benefit, aka 401k, is the longest lasting benefits you will need to know about. Before you are even hired, you should ask your employer, do you have a 401k plan?

401 (k) Questions to Ask Your New Employer

One of the main reasons I joined my employer was their 5% match to 401 (k) plan. Which is now at 6% and expected to go higher in next year or two. That means if I contribute at least 6% of my paycheck towards 401k my employer would match the same amount. This is the free money you don’t want to lose out.

10 Reasons 401(k) May Be a Risky Investment For Some

March 30, 2015 1 Comment

As a personal finance blogger, I have been telling in almost every retirement focused blog post that the bets thing you could do for yourself is to save away money in retirement fund, aka 401(k) or 403(B). When I received this guest post I was about to reject and send an apology email to the author. But I took time to read it and it started making sense. He’s not asking you to stop investing in 401(k) but he’s mentioning some of the hidden flaws of the system and possibly he’s also motivating you to use every kind of retirement assets, like IRA, Roth IRA, Annuities, etc along with 401(k). Enjoy the post!

Is 401(k) fund Risky

For many millions of people, a 401(k) plan is seen as the ultimate security blanket. It’s the proverbial pot of gold at the end of the employment rainbow.

Effective Ways to Protect Your IRA or 401k with Gold

September 27, 2013 9 Comments

This is yet another guest post from Bill. Bill likes to reach out to my readers again and again and, now I am afraid if you all are going to leave OCAAT for Bill’s blog. Anyway, as usual, this is another great post from Bill, enjoy the post! In case you’re wondering about my absence from blogging, life caught on, I’ll be back soon.

It’s never too early to prepare for retirement. In fact, the earlier you start, the better off you’ll be once you reach your Golden Years, since you’ll have extra money to do the things you’ve always wanted to do.

10 Retirement Plan Mistakes to Avoid

August 1, 2012 9 Comments

Although I am a financial blogger, I committed many mistakes. although my financial education was solid, still I had my financial bad days. One of them was not having a 401 (k) account or an IRA account as soon as I landed in this country and decided to stay here. Point is, anyone can commit mistakes financially, even experts.

There are many other mistakes people do, USA Today listed a few of them. CBS news claims that their list contains the biggest mistakes. Let me give you some practical advice here for my informed readers. I will not tell you to open a 401(k) account. I know you have a 401(k) or an IRA or Roth IRA, otherwise, that would be the biggest mistake you could do.

How Can You Benefit From 401(k) Fee Disclosure Requirement

July 11, 2012 5 Comments

Starting this month, 401(k) providers must clearly disclose the fees they charge to employers for the retirement savings plans, The fees include investment management, record keeping, administration and other services. The employers must then share that information with their plan participants (employees).

The fresh procedure is actually aimed in order to aid employees recognize where their hard-earned cash is going and enables them to make decisions that are more enlightened. Don’t let these new disclosure norms keep you away from making your investment plans for retirement and take the following steps, so that you are not in for an unpleasant surprise down the road. Rather get the full picture of how much of your money is invested in actual stocks/bonds vs. how much is going toward fees.

Should I Invest in a Index Fund or Target Date Funds in 401(k) ?

June 15, 2012 9 Comments

I generally don’t pick stocks on my own, except a few I buy for dividend investment. To me direct stock investing is too risky to my limited knowledge about it. I rely on expert fund managers and thus buy mutual funds instead. In my employer 401(k) I have options to buy index funds as well as target date funds.

My 401 (k) portfolio is invested in three different target date funds (2030 retirement fund, 2035 retirement fund and 2040 retirement fund) and a couple of index funds, International and large cap index funds.

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