When It Comes to Your 401(k), Trust But Verify!

When It Comes to Your 401(k), Trust But Verify | 2 Alternatives to Required Minimum Distributions | Timely Tips for Investors to Deal with Today’s Worst Challenges Created for {EMAIL} | [Web Version]( May 11, 2022 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Saving [] [When It Comes to Your 401(k), Trust But Verify]( [When It Comes to Your 401(k), Trust But Verify]( (Getty Images) Few people review the accuracy of their 401(k) accounts. But mistakes do happen, so you should review your statements and paystubs just like you would your bank statements. Alan Vorchheimer of Buck, an HR and benefits consulting firm, shares what to watch out for. [READ MORE]( Plus: [Nearing Retirement? Ditch ‘Hidden’ 401(k) Fees]( [] Retirement [] [2 Alternatives to Required Minimum Distributions]( Retirees can save money and stress with these two simple alternatives to RMDs, according to Joe F. Schmitz Jr. of Peak Retirement Planning. [READ MORE]( Plus: [14 Reasons You Might Go Broke in Retirement]( [Now, everyone can earn passive income through franchise investing]( The ultra-wealthy have made millions passively investing in franchises - and now, you can too. Earn passive income, hedge against inflation, and diversify your portfolio through franchise investing with FranShares. Join more than 21k on the waitlist. [READ MORE]( ADVERTISEMENT [] Investing & Markets [] [Timely Tips for Investors to Deal with Today’s Worst Challenges]( When it comes to your retirement savings, in unpredictable times it’s good to have a few well-respected investing rules of thumb to fall back on for reassurance. Matthew Sommer of Janus Henderson Investors lists a few gems. [READ MORE]( Plus: [Could the Stock Market Crash for Real? Here’s How to Prepare]( [] Financial Planning [] [Do You Have a Retirement Plan, or Just a Bunch of Uncoordinated Accounts?]( [Do You Have a Retirement Plan, or Just a Bunch of Uncoordinated Accounts?]( (Getty Images) There’s a difference between having a portfolio of investments, savings and other assets and understanding why you have them and what purpose they are serving in your overall retirement plan, according to Zachary W. Herzog of Wolfgang Capital. [READ MORE]( Plus: [The Fed Is Raising Interest Rates. How Do Retirees Benefit?]( [Millions Use This Retirement Planner To See If They Are On Track]( Compare scenarios to see what impact today's changes could have on your retirement tomorrow. Find out how much you can afford each month with our data-driven spending plan. Easily include additional sources of income such as Social Security, rental income, pensions, and windfalls. [READ MORE]( ADVERTISEMENT [] Personal Finance [] [Why a Pension Lump Sum Option Is Better Than an Annuity Payment]( Lump sum or annuity payments? Single-life benefits or joint-and-survivor benefits? Once you explore the risks and hidden costs, the right pension answer for you could come down to control, advises Brian Skrobonja of Skrobonja Financial Group. [READ MORE]( Plus: [10 Things You’ll Spend More on in Retirement]( [The Free Unbiased Daily Newsletter You Need]( Check out 1440—the fastest way to an impartial point of view. Their team scours 100+ news sources to catch you up in a single 5 minute email. Join for free! [READ MORE]( ADVERTISEMENT [] Also on Kiplinger [] - [3 Reasons I Like Municipal Bonds]( - [The Haves-vs.-Have-Nots Problem Won’t Go Away Without Doing This]( - [Build a Better Portfolio for 2022 -- Sign Up for Kiplinger's Free Investing E-Newsletters]( ABOUT KIPLINGER When we write about money, we get it right. 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