Nicola
Wed Sep 04 2024
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6 answers
1439
How much do you get charged for withdrawing from 401k?
I'm curious, could you please elaborate on the fees associated with withdrawing funds from a 401k plan? Specifically, what kind of charges can one expect to encounter when making such a withdrawal, and are there any factors that could influence the amount of those fees? Additionally, are there any strategies or alternatives that could potentially minimize or avoid these charges altogether?
CryptoLord
Wed Sep 04 2024
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5 answers
601
What is a disadvantage of using a 401 K for retirement savings?
Could you elaborate on the potential drawbacks of utilizing a 401(k) plan for retirement savings? Are there any limitations or constraints that investors should be aware of when considering this option? How might these disadvantages impact an individual's long-term financial goals and planning?
Luca
Tue Sep 03 2024
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6 answers
1383
What is the average 401k balance for a 65 year old?
Could you please elaborate on the average 401k balance for a 65-year-old individual? Is there a specific range or a median value that we could consider? How does this balance typically compare to other retirement savings vehicles or to the overall financial goals of retirees? Additionally, are there any factors that can significantly influence this balance, such as career choices, investment strategies, or market conditions?
GinsengBoostPower
Mon Sep 02 2024
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5 answers
1217
How much do I need in a 401k to get $2 000 a month?
Excuse me, I'm trying to plan for my retirement and I was wondering, how much would I need to have saved in my 401k account in order to receive $2,000 a month as a withdrawal? I understand that there are several factors that can affect this, such as the investment returns and the length of time that I have until retirement, but I'm just looking for a rough estimate to help me set a goal. Can you provide any guidance on this? Thank you for your time.
KatanaSwordsmanshipSkill
Sun Sep 01 2024
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6 answers
1479
How many people have $2 million in their 401k?
Could you please provide some insight into the question, "How many people have $2 million in their 401k?" I'm curious to understand the level of financial security among retirement investors and whether this figure represents a common milestone or an exceptional achievement. It would be fascinating to know if there's a growing trend towards larger 401k balances, or if achieving $2 million remains a goal that only a select few are able to attain. Additionally, I'm interested in understanding the factors that contribute to reaching this level of savings, such as income, investment strategies, and market performance.
