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Author

Patrick Harwood

Patrick Harwood has been a professional writer and editor since 2004, specializing in articles about spectator sports, personal finance and law. He has contributed to family of magazines and websites.

Can a LLC Set Up a 401(k) Plan?
Finance

Can a LLC Set Up a 401(k) Plan?

An LLC is a limited liability company. These business structures are set up to allow small companies, including one-person companies, to form a...

Patrick Harwood · May 12, 2020 · 3 min read
Who Should Consider a Roth 401(k)?
Finance

Who Should Consider a Roth 401(k)?

A Roth 401k is a retirement savings account that blends parts of the 401k plan with parts of a Roth IRA. Paycheck deductions fund the Roth 401k as...

Patrick Harwood · May 11, 2020 · 3 min read
How to Split 401k Funds in a Divorce
Finance

How to Split 401k Funds in a Divorce

A 401k is an employer-sponsored retirement plan that a portion of your salary funds pre-tax. Any money earned or invested into a 401k during a...

Patrick Harwood · May 10, 2020 · 2 min read
401(k) After Tax Contribution Limits
Finance

401(k) After Tax Contribution Limits

When saving money for retirement, you have many choices as to how to save money. One option available, if your employer offers it, is a Roth 401(k)...

Patrick Harwood · May 09, 2020 · 2 min read
Company 401k Policies
Finance

Company 401k Policies

The 401k is a type of retirement plan that companies can offer as a benefit to their employees. While all 401ks have some common rules, some of the...

Patrick Harwood · May 08, 2020 · 3 min read
How Does the 10 Percent 401k Tax Penalty Work?
Finance

How Does the 10 Percent 401k Tax Penalty Work?

Particularly if you work for a large company, your employer may offer you a 401k plan as a benefit. A 401k plan is an investment plan intended for...

Patrick Harwood · May 07, 2020 · 2 min read
Can You Opt Out of a 401(k)?
Finance

Can You Opt Out of a 401(k)?

401(k) plans are retirement plans set up by employers to help you save money for your future. A 401(k) plan normally invests in mutual funds. If...

Patrick Harwood · May 06, 2020 · 2 min read
Can I Get My 401k if I Am 60?
Finance

Can I Get My 401k if I Am 60?

401k accounts are employer sponsored retirement accounts. These accounts are opened up by employers. Employees contribute to an account which is set...

Patrick Harwood · May 05, 2020 · 3 min read
Self-Employed 401K Contribution Limits
Finance

Self-Employed 401K Contribution Limits

As a self-employed individual, you have the option to participate in a 401k and contribute more than the average person to your account. This type of...

Patrick Harwood · May 04, 2020 · 3 min read
401k Penalties for Withdrawing Early
Finance

401k Penalties for Withdrawing Early

Your 401k is a tax-sheltered plan intended to help you save money for retirement. These plans have strict rules that prevent you from contributing...

Patrick Harwood · May 03, 2020 · 3 min read
How Does Money in a 401(k) Grow Compared to Other Investments?
Finance

How Does Money in a 401(k) Grow Compared to Other Investments?

401(k) plans are retirement plans that are sanctioned by the IRS. These plans are considered tax shelters, which help you save money for your...

Patrick Harwood · May 02, 2020 · 3 min read
Do 401(k) Contribution Limits Include Employer Match?
Finance

Do 401(k) Contribution Limits Include Employer Match?

American workers often have the option to set aside money before taxes for retirement. These retirement plans are called "401(k)" plans and often...

Patrick Harwood · May 01, 2020 · 3 min read
Real Estate Vs. Investing in 401(k)
Finance

Real Estate Vs. Investing in 401(k)

Although 401k plans and real estate investing are completely different investment strategies, you can build substantial wealth over time using either...

Patrick Harwood · Apr 30, 2020 · 3 min read
401k Investment Tips
Finance

401k Investment Tips

If you happen to work for an employer who sponsors a 401K retirement program, you've made an important investment in your future. It behooves you as...

Patrick Harwood · Apr 28, 2020 · 2 min read
How to Build The Ultimate Net Worth
Finance

How to Build The Ultimate Net Worth

For everyone the term ultimate net worth means something different. For some it might mean freedom and for others it may mean security. Whatever it...

Patrick Harwood · Apr 27, 2020 · 4 min read
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