EthereumEliteGuard
Sat Aug 31 2024
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7 answers
1334
Can I retire at 62 with $400,000 in 401k?
I'm curious, given the current financial landscape and retirement trends, is it feasible to retire at the age of 62 with just $400,000 in a 401k account? With inflation, the potential for market volatility, and the ever-changing cost of living, what factors should one consider when making such a decision? Additionally, are there any alternative investment strategies or savings vehicles that might help bolster retirement funds in this scenario?
GyeongjuGloryDays
Fri Aug 30 2024
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6 answers
1073
At what age should you have $100,000 in a 401k?
I'm curious, what's the ideal age to have accumulated $100,000 in a 401k retirement account? Is there a benchmark or a general rule of thumb that financial experts recommend for reaching this milestone? And how does the timing of reaching this goal impact one's long-term financial security and retirement planning?
GangnamGlamour
Fri Aug 30 2024
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7 answers
1464
What are 12b1 fees in 401k?
Can you please explain what exactly are 12b1 fees in the context of a 401k plan? Are these fees charged by the plan administrator or the investment funds within the plan? How do these fees impact the overall performance and cost of the plan for participants? And is there any way to minimize or avoid these fees altogether?
