At Fidelity, the average 401(k) balance hit $91,300 by the end of 2014. While that's up just 2% from 2013, it's a jump of more than 30% from 2011's average balance of $69,100, Fidelity reported...
Changed Jobs? Don’t Forget your 401(k) Account
I’ve come across many a client who, by virtue of the nature of the job market nowadays (average time a person spends at an employer is about 4.5 years), has 2 or more 401(k) accounts to his or her name. If this sounds like you, pay attention to the article below; especially if your solution when you left the job was to leave your 401(k) there too and your account balance was less than $5,000.
Bottom line: every dollar saved for retirement should matter to you, and it definitely doesn’t pay to lose track of where this money is.
How Obamacare Will Impact Your 2014 Taxes
The tax filing season kicks off today, January 20th. This year is the first season during which the taxable impact of the Affordable Care Act will come into play. The article below by Marine Cole gives an overview of new changes individuals should expect as a result of the ACA. For those consumers who purchased health insurance via a health exchange and received financial assistance from the government in the form of credits to lower premiums, note that your taxes just got a little more complicated...