Ideally, you will never touch your retirement funds, allowing them to grow continuously until you retire. But we don't live in an ideal world! In case of emergency, the funds in your 401(k) may be available to you in the form of a Loan.

One of the benefits of many 401(k) plans is being able to borrow against your retirement savings in times of need. Currently, about 20 percent of employees eligible for a plan loan have one, and the average outstanding loan balance is approximately $7,600.

If your plan has a loan program you have the security of knowing that your...

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Your 401(k) is Protected

Plan Security

Your 401(k) investments are protected. Your company employs plan trustees, administrators, and service providers who may be fiduciaries. Fiduciaries have specific obligations under federallaw to carefully manage your 401(k). Under the law, the assets in your plan are yours and must be managed solely for your benefit, never for the benefit of your employer or any other party. This means that the fiduciaries of your 401(k) plan are responsible for ensuring that every penny of your 401(k) money is where it is supposed to be.

The fiduciaries for your 401(k) are also held to a high standard...

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in·vest·ment — [in-vest-muhnt]

–noun

1. the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value.


2. a particular instance or mode of investing.


3. a thing invested in, as a business, a quantity of shares of stock, etc.


4. something that is invested; sum invested.


5. the act or fact of investing or state of being invested, as with a garment.

Making an Investment | Knowing When to Say When?

Knowing when to cut your investment losses is probably one of the toughest topics to master in the world of personal finance. The story always sounds very similar....

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Twitter is absolutely exploding. Can it help you with your retirement, investing, or 401k? We have been monitoring the conversations taking place in the Twittersphere, and have been trying to find the answer to this question.

There is no doubt that Twitter has a ton of collaboration and conversations between it's members. eRollover has actually joined the site and has been participating in some of the conversations. There are many individuals looking for advice, or more importantly, a shoulder to cry on when opening recent 401k statements. Here are some examples of the types of tweets regarding retirement.

Actual Tweets about 401k...

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Should You Withdrawal your 401k Money when you are Laid Off?

The economy is continuing its recent trend of weakness. As a result, many employees are loosing their jobs and wondering, "What should I do with my 401k after a layoff?" or "Should I cash out my 401k as a result of the layoffs?"

We would like to urge restraint and careful analysis before making this type of decision. A 401k Withdrawal probably sounds very appealing, but be mindful of the contributions that you have made to your 401k in the past. Those contributions can not be made up once you have...

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Pensions and Retirement Strategies | Not Your Father's Pension

A defined benefit pension plan is historically known as a traditional pension plan. Pensions plan that your father or grandfather had for their retirement are most likely these types of plans. Your employer puts money aside for you, manages it, and guarantees you a specific amount of money for life upon your retirement. The total amount of your pension depends on how long you have worked for the company and details on the salary you earned during your tenure. Basically, the company takes care of your investment money from cradle to grave....

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Last Second Roth and Traditional IRA Limits and Deductions

Man, it goes without saying that these last few days before April 15th are usually rather chaotic, and needless to say, 2009 isn't the rule to the exception!

Taxpayers are looking to harvest any last second deductions, and are scrambling around to find out how much they can put into their Traditional and Roth IRA's for calender year 2008. In addition, many investors would be well advised to make sure that they qualify for the deductions beforehand. Otherwise, the IRS (not IRA) could come a knocking later this year.

For those of you that...

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Save Money on Your Term Life Insurance

Let’s face it. Nobody likes to talk about life insurance.

This is undoubtedly due to the fact that the main benefit from having life insurance is if you are deceased, and resting under 6 feet of soil in a nice coffin.

I am not trying to minimize the good that life insurance does, as it is a key part of planning for your family if, god forbid, something were to happen to an insured. Life Insurance can ease the burden of surviving family members, and I can personally say that I have seen too many situations...

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