Understanding Multi Employer 401k Plans

February 18, 2014
multi-employer 401k

Small businesses are currently prohibited from pooling their purchasing power without a common set of employees. There is however legislation in the 113th congress that considers allowing small businesses to pool their purchasing power and transfer fiduciary responsibility to an independent fiduciary which would allow small businesses to offer all the 401k benefits that medium and large sized businesses offer to […]

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How To Generate Passive Income So You Can Quit Working

June 5, 2013
passive income

Most of the readers on One Smart Dollar are looking for ways to earn passive income on their quest to financial independence.  In fact, the main goal of those who are financially savvy is to one day be in a place where they no longer have to work.  There are many different ways to earn […]

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Five Considerations Before Investing in Your 401k

May 27, 2013
Target Date Funds

The 401k is one of the best retirement savings vehicles available.  Not only are your investments tax deferred, but most of the time there is an employer match.  Nearly everyone has access to a 401k, but many people do not take advantage of them.  This is often because they do not know what to do […]

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Consequences of Taking Money From Your 401k

March 19, 2013

As we begin our working careers, retirement seems like a distant concept; and rightly so, for many it is 30 to 40 years away.  Because it is so far away, many people starting out do not even bother to enroll in the 401k available through work.  Those who do enroll will fall into two basic […]

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4 Reasons Not to Dip Into Your 401k

February 28, 2013

For anyone who has a strong 401k and has perhaps found themselves in a position where they could use a financial boost, it can be incredibly tempting to dip in. After all, having a resource such as this at one’s disposal is often considered to be somewhat of a security blanket, as it can truly […]

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Can You Afford an Early Retirement?

February 20, 2013
Early Retirement

For most of those who are working, the goal is to someday be in a position to no longer have to work for their income.  Most people would like to retire early if they possibly can.  However, if they actually sit down and calculate out what it would take to retire early, they will see […]

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Saving for Retirement When You Live Paycheck to Paycheck

November 5, 2012

We all know that we need to be saving for retirement. Gone are the days when hard workers could count on company-sponsored pensions and Social Security to comfortably see them through the golden years. But putting money away for retirement seems like a low priority when you’re barely making ends meet. According to a CBS […]

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