What are 401k Plans? An Introduction:

You’ve probably heard the term 401k from your employer. But what exactly is a 401k? A 401k plan is an employer-sponsored profit-sharing plan named after section 401k of the US Internal Revenue Code.  Employees can take cash payments in the form of a retirement plan if they so elect. The percentage taken out is your […]

Retirement: What’s the 411?

You’ve heard it many times – how crucial it is to save for the future and set up financing for retirement. Contributing money to a retirement account is one of the most productive uses of your income. Many individuals are even contributing to more than one type of retirement account. From IRAs to Health Savings, […]

Importance of Financial Literacy for Public Sector Employees

Financial education can be a significant benefit for both government agencies, the systems they serve, and especially for the public sector employees. Financial literate employees are less likely to end up with financial woes. Not only does financial stress affect work productivity and absenteeism, but it may also mean fewer requests for salary advances or […]

How Low Is 401k Financial Literacy?

Click Here to View Original Article Posted on 401k Specialists It’s higher among men than women, but all around awful “Most Americans lack personal finance knowledge necessary to make appropriate financial decisions in the normal course of life.” Harsh, direct and (unfortunately) true. The TIAA Institute and the Global Financial Literacy Excellence Center found that […]