If you’re 45 to 65 and are going through some serious changes in your life, you should be thinking about these steps right now: Life Change #1: New Job The average American worker changes jobs every 4.4 years, and when they start a new job, their 401(k) plans don’t typically come along. In fact, the… Continue reading 4 Life Changes That Warrant An Investment Tune-up
Tag: 401K
Greatest Wealth Transfer Could Be Costly Blunder For Beneficiaries And Windfall For IRS
Anyone who just inherited a deceased parent’s IRA or 401(k) could be about to commit a costly blunder. You can take the money from that retirement account in one big lump sum, no matter how young you are, but that will trigger a tax bill – probably a hefty one. It’s tempting to take the… Continue reading Greatest Wealth Transfer Could Be Costly Blunder For Beneficiaries And Windfall For IRS
3 Tips To Help You Navigate The Treacherous 401K Waters
A 401K is the primary retirement-savings vehicle for many Americans. Yet despite the 401K’s importance, the average participant’s only investment strategy is to plow money into the accounts – then do nothing. People rarely if ever make changes to the investment selections their plans offer. I’ve known people who had the money in the same… Continue reading 3 Tips To Help You Navigate The Treacherous 401K Waters
When Retirement Accounts Multiply, Is It Time To Consolidate?
After decades of job hopping – by necessity or design – some people have accumulated several retirement accounts, making it a confusing chore to keep track of what’s happening with their money. They may, for example, have three 401(k) accounts, a Roth IRA, and a couple of traditional IRAs. That’s just the way it is… Continue reading When Retirement Accounts Multiply, Is It Time To Consolidate?
8 Things Boomers Must Know About RMDs From IRAs
According to the experts at Kiplinger, It’s a watershed year for the baby boom generation. In 2016, the first of the boomers — those born in the first half of 1946 — will reach age 70 1/2. The present from Uncle Sam is a demand that they begin withdrawing funds from their traditional individual retirement… Continue reading 8 Things Boomers Must Know About RMDs From IRAs
Can We Make Retirement Planning Easier?
For most people, addressing retirement issues is a costly, abstract and deeply psychological matter, which is apparent from a survey by Schwab Retirement Plan Services. While most survey participants find their 401(k) – a workplace savings plan that lets employees invest a portion of their paycheck before taxes are taken out – a crucial benefit,… Continue reading Can We Make Retirement Planning Easier?