Learning to manage your 401(k) can provide huge benefits The creation of 401 (k) plans was essentially an accidental byproduct of the Revenue Act passed by Congress in 1978. This act included a provision that was added to the IRS Code (section 401 (k) allowing employees to avoid taxation on deferred compensation. A savvy benefits [...]
. 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 [...]
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 [...]
An annuity can provide many benefits an IRA can not The Federal Budget needs money, and spending will not go down, the deficit will increase. The federal government must find more sources of revenue through taxation. Should those saving for retirement choose an IRA? If you carefully examine the benefits of an IRA and the [...]
The article explains the different kinds of IRAs.