Separated from a job? Don’t leave your investments behind! Mutual Fund Store CEO Adam Bold discusses 401(k) rollover options, what to avoid at all costs, what might not do much for you, and the best approach for most investors.
IRA Rollover: Direct Rollover or Indirect Rollover; IRA Rollover Chart Rules
December 8, 2009 Leave a Comment
IRA Rollovers: Direct Rollover or Indirect Rollover In simple terms, a rollover is a method of moving money from one type of retirement plan to another. This can be done without paying taxes or penalties. There are two ways to complete a rollover: indirectly and directly. A direct IRA rollover allows you to move [...]
401k Plan Facts-Tax Benefits, 401k Rollovers & Terminating
December 7, 2009 Leave a Comment
401(k) Plan Facts You Need to Be Aware Of As people head into their later years, their retirement planning often includes a 401(k) plan that is offered by their employer. The whole concept of the plan appears to be simple, but you should be aware that the 401(k) plan facts do differ from the [...]
You can rollover your 401(k) within minutes, but be careful!
December 5, 2009 Leave a Comment
When you change your job, your old employer usually expects that you will take the money in your 401(k) plan with you. Leaving the money with the old employer is a bad idea. Withdrawing that money for spending is even worst! The better option is to do a rollover. The process of rollover is [...]
Financial Planning Advice: 401(k) Rollover Information your Financial Planner Might not Want to Tell You…
December 1, 2009 Leave a Comment
The recent Pension Protection Act offers good news for the non-spouse beneficiary of a 401(k). It is now possible to arrange a trustee-to-trustee transfer of an inherited 401(k) to an inherited IRA. This is great news for the consumer, and represents a significant change from the old law. The new law basically offers [...]