Examine your 401(k) rollover options and find the best way to maximize qualified plan account(s).

Avoid Penalties By Learning These Important Early 401(k) Withdrawal Rules

There are rules which can be followed to allow pre-mature access to your 401(k) account. A 401(k) was created by congress to allow workers to accumulate funds for retirement on a pre-tax basis. Eventually he taxes will need to be paid on your 401(k) retirement plan. Accessing the funds should be done with planning and with the goal of using them for retirement income. Life being full of uncertainty, the funds in your 401(k) can be assessed for other reasons; with that access can come unwanted or excessive taxation and penalty. Make sure you fully understand your options before taking action.

By |2019-04-26T20:24:39+00:00April 25th, 2019|401(k) Rollovers|

Max Out Your 401(k)

....when should you and when should you NOT max out your 401k plan? 401(k’s) differ from IRA’s in one significant way: 401(k)’s allow current workers under 50 to put away up to $18,000 a year. For those over 50, a special “catch-up “provision will let them put in an additional $6,000, raising that threshold to [...]

By |2019-03-25T05:59:03+00:00March 24th, 2019|401(k) Rollovers, Retirement Planning|

401(k) Aged Based In-Service Withdrawals Move to Safety

Most 401 (k)s offer investment options such as mutual funds. Investment options in the mutual funds can be stocks or bonds or a combination of both. As we age, providing a layer of safety and security to our 401 (k) seems only prudent. As an option, your 401 (k) will also offer a stable money investment option. These options could include a money market account. The problem with money market accounts is the yield, a yield which may not keep up with inflation.

By |2019-03-06T06:48:24+00:00March 8th, 2019|401(k) Rollovers, Annuities|

What You Should Know About Investing Your 401k In Company Stock

According to the Washington Post, the average 401k account has around 40% invested in company stock. While this may seem like a safe way to diversify your investments, and express your loyalty to the company, it is important to remember that true diversification involves investment outside of your own corporation, and that the practice of investing heavily in company stock is not always as safe as it seems.

By |2019-02-19T18:06:10+00:00February 8th, 2019|401(k) Rollovers|

Know Your Options: Borrowing From Your 401k Plan

Unfortunately, there may be a time when you feel as though you have no other recourse but to tap into your retirement fund. Unforeseen circumstances like the death of a spouse or family member, large medical bills, and similar situations can leave you, and your bank account, feeling drained. In these situations, it might be possible to borrow from your 401k without incurring penalties, but before you decide, keep in mind the following.

By |2019-02-21T14:44:58+00:00January 29th, 2019|401(k) Rollovers|

Does Tax Deferred Growth Make Sense For You?

The definition of tax-deferred growth is this: An investment in which some or all taxes are paid at a future date, rather than in the year the investment produces income. When comparing tax-deferred accounts with annual taxable accounts, several factors need to be considered: · How soon will the funds be needed? · Are these [...]

By |2019-02-25T08:48:50+00:00March 16th, 2018|401(k) Rollovers, Retirement Planning|