Broadcast Retirement Network's Jeffrey Snyder discusses the ins and outs of selecting a recordkeeper for an employer's 401k (or 403(b) or 457(b)) plan with World Investment Advisors' Robert Scherzer. ...

As your income changes, so do your unique financial needs. But that doesn’t mean some general guidelines may not be helpful in planning your monthly budgets for 2026. Read on for advice from some money experts with general tips for financial growth at different income levels. No Income or Unemployed and Seeking Employment “Focus first on getting your immediate needs met,” said Annie Cole, money coach and founder of Money Essentials for Women. “Explore resources like unemployment benefits, SNAP food bene ...

Alternative Investments in 401k Plans - The executive order aims to facilitate access to alternative investments like real estate, cryptocurrency, or private assets within 401k plans [1] - Private assets refer to privately held companies, which constitute the majority of businesses in America [1][2] Financial Planning Considerations - Individuals should assess their current 401k plan, contribution levels, and company matching contributions before considering alternative investments [2][3] - It's crucial to understand financial goals, desired retirement age, and estimated retirement income needs [3] - Ideally, retirement contributions should range from 15% to 20% of gross pay [4] - Maximizing company matching contributions is essential as it represents "free money" [4] Prudent Investment Approach - Before exploring alternative investments, ensure a thorough understanding of the existing 401k plan's contents and contribution strategy [4] - Verify whether the current plan adequately supports the achievement of long-term financial goals [4]

Financial Planning Goals - Review financial goals to align with year-end targets [1] - Track and adjust monthly spending to meet savings goals [1][2] - Maximize emergency and retirement savings [2] Savings Strategies - Utilize high-yield savings accounts for unexpected expenses to earn more interest [3] - Contribute enough to 401k or workplace plans to get the full employer matching contribution [3] - Increase contributions to 401k or IRA before December 31st to accelerate savings [4] Mid-Year Financial Checkup - Conduct a mid-year financial checkup to stay on track for year-end goals [1][4] - Regularly monitor financial progress to ensure a happy new year [4] Additional Resources - Sign up for the free money 101 newsletter at cnbc.com for more financial strategies [4][5]