How to spot a great 401(k)

Any 401(k) can help you save for retirement. A great 401(k) allows you to save a whole lot more.

The difference between a mediocre plan and a great one could translate into tens of thousands of dollars in future retirement money. Plus, a 401(k)’s quality can show how serious a company is about attracting and retaining good workers.

That’s not to say you should leave or turn down a job if it doesn’t offer a great 401(k). But knowing how to spot a best-in-class retirement plan can help you evaluate job offers, negotiate a raise to compensate for what you’re missing and perhaps encourage your employer to make its plan better. In my latest for the Associated Press, learn three features of great 401(k)s.

Q&A: Consider taxes before retirement Dear Liz: I began converting two 401(k)s from previous employers to Roth IRAs. To lessen the huge tax hit, I decided to do the conversions […]
Q&A: Coronavirus aid law lets you more easily tap retirement savings. That doesn’t mean you should Dear Liz: You recently mentioned that a person can withdraw money from their 401(k) and spread the taxes over three years. If 401(k) is […]
Q&A: When savings are meager, it might be time to unretire Dear Liz: I’m 67, retired and have $83,000 in a 401(k) that I left with my employer. Should I see a certified financial planner? Based on […]
Q&A: How to make retirement saving a priority Dear Liz: One thing I like about saving for retirement with an IRA is that I can wait until April 15 of the following year and then just […]

How to spot a great 401(k)

Related Posts

Search