A 401(a) plan is also referred to as a Money Purchase Plan. The 401a is defined as a type of retirement savings plan that allows you to save for retirement. 401(a) plans are offered by your employer and contributions can be made by yourself, your employer or by both. The contributions that are made [...]
IRA Chart Rollover Rules
April 12, 2010 Leave a Comment
Use the IRA Chart Rollover Rules with Indirect or Direct IRA Rollovers Jonathan currently is the owner of a traditional IRA account. He has thought about rolling that over into a Roth IRA account. In simple terms, a rollover is a method of moving money from one type of retirement plan to another. This [...]
Coping With A Layoff – What can you do to help yourself?
April 11, 2010 Leave a Comment
You go to work and get the word – you’re being laid off. Maybe it’s no surprise. Maybe it comes as a shock. The question becomes: what now?
Three Tips for Moving Your 401(k) to an IRA
April 11, 2010 Leave a Comment
In today’s business world, people should expect to change employers a few times before retiring. When you change employers, it is common to be asked if you will keep your 401(k) with your former employer or roll it into an IRA. – Here Are 3 Tips to Make Your Transition Easier – * Tip #1: [...]
401(k) Fair Disclosure for Retirement Security Act of 2009: Rep. Andrews
April 11, 2010 Leave a Comment
Rep. Rob Andrews, chair of the Subcommittee on Health, Employment, Labor, and Pensions, delivers his opening statement at a hearing regarding the 401(k) Fair Disclosure for Retirement Security Act of 2009 on April 22, 2009.
Ask Your Employer About New Retirement Option Roth 401(K)
April 10, 2010 Leave a Comment
There’s a new kind of defined retirement plan on the market, but you may have to ask your employer to add it to your current plan. In 2001, Congress passed the Economic Growth and Tax Relief Reconciliation Act (EGTRAA), which provided a variety of changes, adjustments and extensions to rules for retirement plans to [...]
Rolling over a 401(K) or 403(B) to an IRA
April 10, 2010 Leave a Comment
Should I rollover my 401(k) or 403(b) into an IRA? If you wonder what to do with the 401(k) or 403(b) you will end up with because you’re leaving your employer, consider all your options so you can make a decision that fits your circumstances. Although 401(k) and 403(b) plans differ in some ways, [...]
Can I roll my 401(k) to a Roth IRA?
April 10, 2010 Leave a Comment
Why Should I Roll My 401(k) to a Roth IRA? Rob works for a company that offers a 401(k) plan. He has decided to leave his current job, accepting a new job offer with a different employer. He now has some decisions to make regarding his current 401(k) plan. Rob has some options that [...]
401(K) Investing For Your Retirement
April 8, 2010 Leave a Comment
The aging of the population and the potential failing of social security has brought the subject of saving for retirement to the forefront for many people. There are many avenues available to acquire the nest egg that we will need to survive on during our golden years. IRA’s, mutual funds, annuities and 401(k)’s are [...]
Basics of Permanent Life Insurance
January 28, 2010 Leave a Comment
When you own cash value life insurance, your premium payments are allocated three ways. First, a portion of each premium pays for the actual insurance costs. Like term insurance, a specific cost is associated with the policy’s death benefit, based on your age, health, and other underwriting criteria. Second, a portion pays for the insurance [...]