Money Advice

The ins-and-outs of a 401(k) in-service distribution

Posted by The Simply Money Advisors Team on May 23, 2018 3:39:36 PM

At Simply Money Advisors, we like to educate you on all of your options for retirement planning. There are many different aspects you have to consider, including lifestyle, tax strategies, insurance, and retirement accounts.

Another factor to think about is a potential ‘in-service distribution.’ Not all 401(k) plans give you this option, but it may be something to consider if yours does. 

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Topics: 401(K), Retirement

3 great perks of your 401(k)

Posted by The Simply Money Advisors Team on Nov 1, 2017 3:10:04 PM

At Simply Money Advisors, we often discuss the pros and cons of a 401(k) plan. While we believe a 401(k) plan may not be the best investment vehicle, it is the most common way people save for retirement, so you should take full advantage. Here are a few benefits to participating in your employer’s 401(k) plan.

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Topics: 401(K)

What your employer probably didn't explain about your 401(k)

Posted by The Simply Money Advisors Team on Sep 6, 2017 4:03:31 PM

When you started your current job, did anyone at your company sit you down to discuss your 401(k)?

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Topics: 401(K)

What to do (and not do) with your old 401(k)

Posted by The Simply Money Team on Apr 26, 2017 3:57:05 PM

During a working career, the average worker changes jobs about 11 times. That’s a lot of old 401(k) accounts! If you’re switching jobs, or have some old 401(k)s floating around, you technically have four options – though at Simply Money Advisors, we only think three are viable.

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Topics: 401(K)

Are you using the right kind of retirement accounts?

Posted by The Simply Money Team on Apr 5, 2017 2:55:59 PM

There are a lot of ways you can save money for the future. Some of the most common include a traditional 401(k), Roth 401(k), traditional IRA (Individual Retirement Account), Roth IRA, HSA (Health Savings Account), and even “taxable” investment accounts. Whew!

So how should you prioritize your saving to be the most tax efficient? First, a few definitions:

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Topics: 401(K), Taxes, Retirement

Your 401(k) is terrible

Posted by The Simply Money Team on Feb 22, 2017 3:16:40 PM

Your 401(k) is terrible.

We don’t necessarily mean your particular plan is terrible. We mean the whole concept of a 401(k) is just rotten – and it’s doing you an injustice. It’s a voluntary system that’s turned into a failed experiment.

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Topics: 401(K)

Take a peek inside your 401(k)

Posted by The Simply Money Team on Dec 14, 2016 2:16:18 PM

If you have a 401(k) through work, it’s probably the largest chunk of money you have dedicated to your retirement savings. So you better be treating it right! As the year draws to a close, we at Simply Money suggest carving out a few minutes to take a look at your account and ask yourself these questions:

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Topics: 401(K), Retirement

Men vs. women, 401(k) edition

Posted by The Simply Money Team on Jul 27, 2016 1:26:22 PM

First the good news: when it comes to 401(k) plan participation, men and women are on the same footing. According to research from Aon Hewitt which examined the retirement saving and investing behaviors of approximately 3.5 million defined contribution participants, approximately 79 percent of both men and women are enrolled in their respective 401(k) plans.

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Topics: 401(K), Retirement

Would Peer Pressure Help You Save More?

Posted by The Simply Money Team on Oct 28, 2015 8:00:00 PM

When it comes to 401(k)s, you might be surprised how much effort is dedicated to increasing participation and contributions. As the primary means of saving for retirement, researchers and plan designers are constantly looking for ways to motivate you, the employee, to fully utilize their 401(k) plans regardless of short-term market or economic swings.

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Topics: Investing, 401(K)


Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Simply Money Advisors), or any non-investment related content, made reference to directly or indirectly will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, this content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained here serves as the receipt of, or as a substitute for, personalized investment advice from Simply Money Advisors. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Simply Money Advisors is neither a law firm, a certified public accounting firm, nor a tax advisory firm and no portion of the blog content should be construed as legal, accounting, or tax advice. Please consult your own attorney, accountant, and tax advisor for legal, accounting, and tax advice. A copy of the Simply Money Advisors’ current written disclosure statement discussing our advisory services and fees is available for review upon request. Advisory services offered through Simply Money Advisors, a SEC registered investment adviser. Insurance services are offered through Simply Money Insurance Agency, a separate entity from Simply Money Advisors. Simply Money™ and the spiral symbol are trademarks of Simply Money IP Holdings, LLC.

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