401k Contributions
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Reasons To Choose A 401K Over A Simple Plan
Sometimes it is better for a small business to choose a 401(k) plan rather than the popular SIMPLE plan. A very big, recent incentive is the new ability to invest into a "Roth" account. This option allows you to start directing your payroll deductions into a such a Roth account instead of one that is pre-tax. Although you don't receive a current deduction, distributions are all tax free including the earnings. If you believe that your tradition Read More... -
Rolling your 401k: Contributory IRA vs. Rollover IRA
In an ideal world you would start your working career with a great company in your early 20s, steadily climb the corporate ladder, retire at age 65, and draw a sufficient income from your accumulated 401k account to live happily ever after. Unfortunately, that’s not how the real world works. If you are like most people, you will change careers, or at least companies, several times. Each time, you'll be faced with the question of what to do with Read More... -
Corporate Employees Take Advantage of a New Unknown Investment Regulation
Are you an employee of a large corporation? Are you aware of a potentially hidden opportunity to rollover some of your 401k while still employed with your current employer? For many years, if you invested in your company's 401k retirement plan, you were required to keep the money there, no matter how good or bad the investment choices were. You were basically locked into the 15 or so investment choices offered. New regulations now give you the p Read More...
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