We at 401k Easy wager that the vast majority of anti-vaxxers do not use 401k plans to save for their retirement. A typical anti-vaxxer is hostile to the idea of a government-sanctioned 401k. They embody childish, selfish attitudes of “I’m independent, and to hell with everyone else.” Anti-vaxxers are also the first to clog up hospital emergency rooms with their ailments and forget (or do not realize) that the US taxpayer is paying most of the cost of their hospital care. They are the same type of stupid, selfish person who rides motorcycle without wearing crash helmet. They exercise their free ..read more

Investors need to prepare for a vibrant 2022. We do not believe stocks are undervalued, and the key to success will be in identifying the areas of a national and global enterprise that will outperform: Sad news for bondholders- Next year, bonds, other fixed-income securities, and bank savings will face a challenging outlook. Historically low yield these past three years are the problem. Interest rates are likely to rise with an increase in inflation, reducing the value of bond portfolios. Mixed news for stock investors- We believe stocks are not currently under-priced. Share value growth will ..read more

Did you know that the future of 401k plans is being debated now in Congress? President Biden’s economic and social policies will have a significant impact on the future of the American middle class; the effect on 401k plans will be enormous and will be discussed in an upcoming blog. To lay the groundwork for our projection of 401ks in the future, we must first look at the situation most young American workers face today. Although there has been a robust economic recovery under President Biden, young adults have now lived through two historic economic downturns. In 2008, many young workers with ..read more

Many forward-thinking states (including California, Illinois, Oregon, Colorado, and counting) will soon require small employers (those with 5 to 25 full-time employees) to offer their staff either a 401k or a state-mandated secure saving program; also known as an “SSP.” All but the very smallest businesses, those employing four people or less, will be required to provide a 401k or SSP. The SSPs envisioned by most states will be a Roth IRA, funded by an employee’s after-tax dollars. Alternatively, small employers can avoid the SSP by setting up a low-cost 401k plan. The 401k has many advantages ..read more

To Find out What’s Wrong About Backdoor Roth 401k Contributions go to the Blog at https://nofees401k.com/blog/ To Find Out What’s Right About Back Door 401k Contributions, Read the Following: 1) People with higher incomes use a “Back Door 401k (BDC), which is a combination of their Roth 401k and their Roth IRA Rollover. The “Back Door 401k Contribution” (BDC) is a tax avoidance strategy. 2) To use a BDC, the employee’s company 401k plan must allow for (a) in-service withdrawals, (b) Roth 401k, and (c) after-tax contributions. 401k Easy Plus allows these three features. 3) The BDC can increase ..read more

First, the Good News—The good news is that today there are more “401k millionaires” than at any other time in US history. The two factors behind this increase in 401k accounts worth $1 million or more are: (1) the significant run-up of the stock market, and (2) because of Covid, people stayed home and ended up saving money. Now that Covid is receding in the rearview mirror, the 401k saving rate will probably fall back to normal levels. Now the Bad News—–The bad news is there would probably be 50% more 401k millionaires today except for the proven fact that many millions of US workers did not c ..read more

Covid’s under-reported impact on 401ks has been a ten-fold increase in demand for 401k loans and 401k hardships. A sizable portion of 401k savings has been prematurely withdrawn from plans across the country to meet savers’ short-term emergency needs. The impact from massive numbers of premature withdrawals has not been compiled yet. Still, as a broad-based provider of 401k plans to small businesses, we can make a reasonable assessment. From our vantage point, we see a 1000% increase in emergency 401k withdrawal and loan requests. Without question, there will be a permanent adverse effect on A ..read more