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Will You Pay Taxes on Your 401(k)

While a 401(k) is an excellent option for saving for retirement, especially if your employer matches your contributions, it is important to understand your tax obligations on these accounts. When you retire, you will need to pay taxes on your 401(k) withdrawals. You will not be taxed on your 401(k) when you initially make the


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How Much Should I Have in My Emergency Savings?

August 29, 2017

An emergency savings account is of the utmost importance. If you are a homeowner, there are a number of unexpected expenses that could occur, such as..

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401(k) vs IRA vs Roth IRA

August 22, 2017

You probably understand the importance of saving for retirement. However, what may not be as clear is which type of investment account, 401(k), IRA or..

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5 Best Financial Apps for Saving Money

August 17, 2017

You know how important it is to save money—for emergencies, retirement and other goals—but you may be having a difficult time figuring out..

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How Do Online Banks Work?

August 15, 2017

In the past, if you wanted to open a bank account, you had to drive to your local branch and speak with an account specialist. Now, there is a new gam..

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Should I Open a Checking or Savings Account?

August 10, 2017

You probably know you need a better place to store your money than a sock drawer, but if you do not yet have a bank account, you may be asking yourse..

401K Plan

Does a 401k Loan Get Taxed?

July 6, 2017

If you have a 401(k) account and need cash, it may be tempting to tap your retirement for a loan. Legally, you can borrow up to $50,000 or half the b..

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Can My Savings Account Be Garnished?

June 30, 2017

If you get behind on your income taxes, student loan payments, or child support, a government agency can garnish a percentage of your wages to pay the..