Is Using Bitcoin for Your 401(k) a Good Idea?

One of the most talked about investment opportunities of 2017 was bitcoin – a digital currency issued based on computer algorithms instead of being issued by banks or governments. If you had purchased one bitcoin back on January 2, 2017, you would have paid $989.13. That same bitcoin would have been worth about $16,496.80 on… Read More

7 End of Year Financial To-do Items

As 2017 draws to a close, year-end financial planning may not seem like a priority. However, getting all of your home finances in order now will help set you up for success in the new year. With this helpful checklist of seven to-do items, you’ll be able to enter 2018 organized and ready to go…. Read More

What You Need to Know About the IRS Annual 401(k) Audit Requirement

The word audit can evoke a slew of emotions: dread, fear, concern, just to name a few. But when it comes to audits of your company 401(k) plan, you can avoid some of those worries with just a little bit of preparation and support. Understand your obligation: does your 401(k) need an external audit? First,… Read More

2018 IRS Contribution Maximum Limits for 401(k) and 403(b) Retirement Plans

There are many tax advantages to putting away your money in a 401(k) or 403(b) every year. Starting January 2018, those advantages are going to get even better! On October 19, 2017, the IRS officially announced that the contribution limit to 401(k) retirement plans will be increased from $18,000 to $18,500 for 2018. The new contribution… Read More

[Whitepaper] Innovations in HR Technology: Employee Benefits and More

At Captain401, we know that the 401(k) industry and employee benefits in general are well overdue for a tech rehaul. In an age where you can pay for groceries with your phone and split bills virtually with your friends, it feels like technology has yet to reach certain industries — and it’s usually the ones… Read More

Roth 401(k) vs Roth IRA: Where Should You Put Your After-tax Dollars?

In an effort to provide their employees the right tools to optimize their retirement savings, more and more U.S. employers are offering 401(k) plans that accept after-tax contributions (Roth contributions). In 2016, 65% of Vanguard plans offered Roth contributions, up from 49% in 2012, according to Vanguard’s How America Saves 2017 report. Despite the increase… Read More

Are Retirement Plan Contributions Tax Deductible?

For anybody seeking a comfortable retirement, having a retirement plan is a must. According to data from the 2017 Retirement Confidence Survey from the Employee Benefit Research Institute (EBRI), U.S. workers with a retirement plan, such as a work-sponsored 401(k) or personal IRA, are more than twice as likely to feel confident about having enough… Read More

My Company Went Out of Business: What Should I Do With My 401(k)?

Every year, an estimated 470,000 U.S. businesses close their doors for good. Employees (and their employers) who go through this experience have are left with several balls to juggle, including how to secure health coverage, meet their list of upcoming bills, and start the search for a new job. To help you through these tough… Read More

What’s the Best 401(k) Plan?: Features You Should Be Looking For From Your Provider

Finding the best 401(k) may seem relatively straightforward, but plans can vary drastically. Some offer more benefits to the employers, some to the employees, and others strike a healthy balance. To help you evaluate how your personal employer-sponsored 401(k) stacks up, we’ll dive into the qualities that plans can offer and which ones you should prioritize…. Read More