Category: Savings
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Will Default on 401(k) Loan Impact Your Credit Score?
Yes, defaulting on a 401(k) loan does impact your credit score.
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Use Your 401(k) Withdrawal or Loan to Buy a House?
Withdrawal or loan from a 401(k) could be considered an option only if there is a necessity or a unique investment opportunity.
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Pros and Cons of Rollover from a 401(k) to a Self-Directed IRA
If you are an experienced investor or you are ready to be more disciplined, it’s in general better to rollover to an IRA when given a chance. However, if your existing 401(k) offers some features and funds that you don’t want to miss, you might want to make a careful decision.
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What to Do with Your 401(k) When You Leave Your Current Employer?
We discuss four options for your current 401(k) account when you leave your job.
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Save more, save early, and save smartly to retire as a multi-millionaire
Achieving substantial retirement income is possible through saving early, saving more, and saving wisely over an extended period.