5 Times When It May Be Wise To Stop Funding Your 401(k)

When it comes to retirement planning, the 401(k) plan is the gold standard.

Not only can you make tax-deductible contributions, but your money also grows tax-deferred, and you’re likely to get “free money” in the form of employer contributions as well. For this reason, most financial experts advise that you contribute as much as you can to your 401(k) plan on an ongoing basis.

But are there any times when you might consider stopping your 401(k) contributions? Generally, only in dire financial situations. Here are 5 examples.

5 Things You Must Do When You Switch From a Full-Time Job to Freelance Work

The freelance wave is here, and millions of people are getting on board.

For instance, the number of freelancers in America increased from an estimated 53 million in 2014 to 59 million in 2020. People decide to freelance for many reasons: lower commuting costs, increased flexibility, work-life balance, poor local job market, etc. Some freelancers even make more money than they made while working full-time.

While there are reasons aplenty to freelance, the transition isn’t always easy. Here are some things you must do to ensure a seamless transition from full-time work to freelancing. Read full story.

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