There are many general reasons for which an employee can get laid off, not needing much of the workforce is one of them. But this situation comes with serious financial uncertainties and economic crises that become complicated to resolve. In
Transiting from one employer to another is a major decision in one’s life. This is because the previous employer has many assets and commodities, like a 401(k) account are associated. And with this, concerning how to transfer 401(k) to new
In the context of retirement savings, the name of the 401(k) account is very famous, not just because of the savings feature, but it provides investment options, Roth option, and many other benefits that make this account a one-stop solution
When we talk about retirement savings then a common account that comes to mind is a 401(k). Due to features such as savings, investment, and growth, this account has become a popular choice among many individuals. However, as we all
Rather than cashing out of a 401(k), it is easy and secure to take a loan to access the funds in emergencies or sudden needs. However, the main challenge starts when you must deal with an outstanding 401(k) after leaving
Every person saves for retirement while managing present expenses. In this, retirement saving accounts like 401(k) and IRA are very popular among employees of various departments. Many people, especially fresher job seekers, ask, ‘Are 401(k) contributions tax deductible?’ The answers
Looking back in the past, there were some insurance policies available for HIV patients. But now that the healthcare industry has evolved with highly effective therapies, term life insurance for HIV positives is possible. Many insurance companies are providing decent
Bringing the topic of retirement saving, a common name, 401(k) is always pops up. From estate planning to future security, a general concern that people face is, does a will override a beneficiary on a 401(k)? This is just another
An H1B visa is a visa service in the USA that allows employers to hire foreign workers for specialized purposes. Sometimes, H1B visa holders face unique financial challenges. These non-immigrants are mostly high-skilled professionals who came to a foreign country
Whether the question is about the railroad department or any other employment sector, retirement income plans like Social Security Benefits and Railroad Retirement have always been a crucial part of it. But sometimes the spouses of employees wonder, can a
