Congress passed the Secure 2.0 Act in late 2022. Why should you care? You shouldn’t. Much.
Continue readingYour 401(k) Match Can Now Be Roth (and Other Changes from the SECURE 2.0 Act)
Should You Defer Your Bonus to Your 401(k)?
You got a bonus. Nice. In my maturity, I have grown to appreciate an extra $10,000, $20,000, or $100,000 dropping into my lap.
Continue readingIs your take-home pay too tiny to live on? That’s okay! We can make it work.
But, Meg, what will I live on?
A delightful and Highly Suspicious client asked me this recently when I was talking with her about not only maxing out her participation in her company’s (Airbnb’s) ESPP but also maxing out her after-tax contributions to her 401(k).
Continue readingYour paystub can be very informative. And also wrong. When’s the last time you double-checked yours?
In the last month, two of my clients have looked at their paystubs and realized that their 401(k) contributions were going into Roth instead of pre-tax. This wouldn’t be a problem except for the fact that both of these clients had, months earlier, changed their 401(k) contributions away from Roth and into pre-tax. And somehow it didn’t “take.” This caused an administrative pain in the butt and higher-than-planned taxes.
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What? You mean my 401(k) can go DOWN? Well, I never…
How long have you been paying attention to your investments, or to the stock market? Has it been only for the last few years, or, maybe only since 2009? Continue reading
Anatomy of an Awesome 401(k). How Does Yours Compare?
Recently a few of my clients at major tech companies (to remain nameless!) have forwarded to me company emails proclaiming the latest improvements in their 401(k) offering. These improvements have included a “true up” of matching contributions and dead-easy-to-use after-tax-401(k) contributions.
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Your HSA Is Better than Your 401(k) for Retirement Savings. Don’t Waste it on Actual Health Care Costs.
Like you, I’ve been going through Open Enrollment lately. Only I’ve been going through a whole bunch of open enrollments, for all of my clients. (It’s actually pretty cool, being able to compare—and, perforce, contrast—what a variety of tech companies offer to their employees.)
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My company doesn’t match my 401(k) contributions (or it’s a very small match). Should I still use my 401(k)?
Employer matching contributions to your 401(k) are a beautiful thing. They are also a thing of confusion.
The Curious Math of Roth 401(k)s: You Can Save More Than If You Use a Pre-Tax 401(k)
If your 401(k) offers a Roth option, how do you know if you should contribute to it instead of the usual, pre-tax 401(k)?
Do Your Taxes Make You Feel Bad?
I’m doing my taxes now, and I am just so DONE. I don’t know if I’m doing them right or leaving money on the table. It just makes me realize that I don’t understand my finances as well as I want to.Continue reading
Strategies for Maximizing College Financial Aid. Part 2.
Hopefully last week’s blog post helped you understand generally how financial aid works and when you should start doing what. This week, let’s dig into specific strategies and tactics you can use to maximize your child’s financial aid.Continue reading
Help! My 401(k) is crappy.
I’d like to think that 401(k)s at high-tech companies would be inexpensive to administer, provide employee-friendly interfaces, and be full of broadly-diversified, low-cost funds. Continue reading