Planning for your retirement is crucial. Most Americans will not be able to rely on Social Security income alone to provide for all of their expenses or to allow them to continue to enjoy the standard of living they had before retirement. Compounding this situation, many Americans have increased medical expenses as they age. In [...]
What are the Contribution Limits for Different 401k Rollover Options?
Posted by bobrichards on March 31st, 2010
One of the advantages of having a 401k account is that you can save for your retirement using pretax dollars and defer paying taxes options until the money is withdrawn, when it’s likely that you’ll owe less in taxes than you would now.
401k Rollover Options – How to Avoid Tax Penalties
Posted by bobrichards on March 26th, 2010
Maybe you’ve changed jobs. Maybe you’ve found that your old employer 401k isn’t performing as well as it could be. Or maybe you have multiple options to rollover 401k accounts from previous employers and you’ve decided that it’s time to get your nest eggs into fewer baskets. For whatever reason, you’ve determined that it’s time [...]
Traditional IRA versus Roth – What are the Best 401K Rollover Options?
Posted by bobrichards on March 22nd, 2010
When considering the best 401k rollover options for your retirement planning, the “traditional IRA versus the Roth IRA” discussion will probably come up for you. Of course, there are many advantages to doing a 401k rollover to either a Roth IRA or a traditional IRA – the right one for you will depend on a [...]
What are My 401K Rollover Options?
Posted by bobrichards on March 12th, 2010
If you are changing employers and considering your retirement investment options, an IRA rollover from your 401k plan can be an excellent way to build your retirement nest egg. In fact, there are several different types of IRA rollover options available for individuals seeking to move funds out of their 401k plan. The [...]
