Examine your 401(k) rollover options and find the best way to maximize qualified plan account(s).
. Taking an active roll in managing your 401(k) can pay big dividends Your 401(k) is your guide to retirement security. With the latest advances in medical technology, people are living longer, and it is not unrealistic for some people to assume that they will be spending as much as 1/3 of [...]
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.
You have probably heard the term 401k before, but you may be unsure about how a 401k can benefit you. If this is the case, don’t worry, you are not alone. Read on to discover the answers to some of the most frequently asked 401k questions.
Learn the rules to avoid a tax mistake when you roll over your Individual Retirement Account Individual Retirement Account (IRA) rollover is a tax-free distribution from one retirement account to an IRA. It allows your savings to continue accumulating, tax-deferred. An IRA rollover comes in handy if you'd like to consolidate your retirement plans into [...]
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 [...]
The idea of a 401(k) created by Congress was and is a beautiful idea. What is not attractive about them is the method in which they are managed. Managed by Wall Street. In congress’s favor, the idea was brilliant; they merely forgot one small detail. Where there are over a trillion dollars, there will be [...]
Every night on the nightly news it seems there is bad news about retirement plans especially 401(k)s. The US Department of Labor has established new rules about the fees, disclosures and management of these very popular retirement products. More rules are expected in May of 2016 which will outline the role of a financial advisor [...]
Investment choices made today can dramatically shape your financial outlook in the future. Be sure to educate yourself in all aspects and options of your 401k plan, and meet with your personal financial planner on a regular basis to determine the best course of investment action for you.
