Tag: 401k match
When Trump accounts were introduced this July, I wondered: Should I take advantage of it? This somewhat convoluted vehicle is really a long-term retirement savings account for minor children. How should it stack up against my other savings priorities? Financial planning starts with goals such as paying off debt and saving for retirement, college, a…
How unusual is a 10-percent 401(k) contribution – with no required employee contribution? A reporter asked recently what I thought of the new 401(k) contribution rate in the United Auto Workers (UAW) agreement with Ford, General Motors, and Stellantis. The companies have agreed to increase their 401(k) contributions from 6.4 percent 10 percent of pay…
