401K | The TurboTax Blog

I Started a 401K This Year. What Do I Need to Know When I File?

February 20, 2018 / Elle Martinez

Two old ladies having coffee and fun on a day out

Congratulations on starting a 401(k)! Not only will your future-self thank you for investing now, but there are also some fantastic benefits you can enjoy now. Since my husband started his first job post-graduation, he’s been investing in his company’s...

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401K, IRA, Stocks

Five Tips to Help You Figure Out How Much to Save for Retirement

October 16, 2017 / Elle Martinez

As we get more comfortable with our finances, we’re looking for ways to improve our financial system, which includes our retirement plans. So far we’ve been basing our plans on an estimate we did a few years ago. However, after reading some...

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Self-Employed

Can the Self-Employed Have a 401(k)?

July 12, 2017 / Jim Wang

The short answer: Yes! If you’re self-employed, have you ever wished that you could have a 401(k) plan, just like salaried employees? Well, you can. It’s called the solo 401(k), and it works just like an employer-sponsored 401(k) except it’s...

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Tax Planning

Tax Tips for Retirees

March 22, 2017 / Ginita Wall, CPA, CFP®

When you retire, your life changes, and your tax situation changes as well. Here are tips to make retired life less taxing and more relaxing. Think before you commingle retirement accounts. Although rolling all your retirement accounts into one giant...

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401K, IRA, Stocks

Retirement Doesn’t Have to be Scary, Here Are 7 Ways You Can Prepare

November 29, 2016 / Jim Wang

Content middle aged, retired couple sitting together laughing ou

The idea of retirement, something decades away, can be scary. What if you make a mistake today that prevents you from retiring when you want to? What if the stock market tanks again? What if… the list goes on and...

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Income and Investments

Small Business Retirement Plans for the End of Year

November 26, 2016 / Winnie Sun

Small business owners often manage their own human resources, which includes figuring out what to do about retirement savings plans. Faced with an array of complex, and sometimes expensive, savings plan choices, it’s tempting to not offer a program. But,...

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401K, IRA, Stocks

What You Need to Know About 401(K) Early Distributions and Taxes

August 19, 2016 / Jim Wang

If you’ve been a diligent retirement saver, you may have amassed an impressive nest egg in your 401(K). There are some cases where making an early withdrawal from your 401(K) makes sense and many cases where it could hamper the...

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401K, IRA, Stocks

New Grads: Now is the Time to Start Saving for Retirement

August 5, 2014 / Philip Taylor

Life never stops coming at you. It seems like there is little time to celebrate life’s achievements before someone is warning you about the next big hurdle ahead. Congratulations on graduating college! Have you thought about your retirement? Many recent...

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Tax Refunds

How to Retire on Your Tax Refund [Infographic]

April 22, 2014 August 19, 2016

Now that taxes are filed and your refund check is on its way, your first thought may be to splurge and spend it on a nice vacation. But before you start making those vacation plans, see how investing in your...

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401K, IRA, Stocks

Which Should I Invest in First – 401(k) or IRA?

April 18, 2014 March 18, 2016 / Elle Martinez

Chicks: Baby Chick Walks Among Golden Eggs

The end of tax season is the perfect time to think about building your nest egg. Elle Martinez of Couple Money gives tips on investing in your retirement. Tax season is over. This is typically a time when people are...

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