If you are anything like us, when you first started learning about personal finance and retirement accounts, some of the terms around 401ks confused you. To help you understand what your HR or 401k provider are saying to you and give you a solid foundation for building out your retirement plan, we’ve broken down the most frequently asked 401k questions …
A 401k plan is a type of investment account offered by employers as part of their compensation package. It is the first place you should invest anything you are saving for retirement, regardless of when you plan to retire. You will have the option to invest in many different index and mutual funds, ETFs, stocks, bonds, etc. within a 401k …
Now that Mr. Finding and I have a bit more financial education under our belts, we have put together an investment strategy to help us reach financial independence. To understand our strategy it’s important to note that we each have our own checking, retirement, credit card, and taxable accounts, so for each area you will see us explain both of …