401k Plans » Top 401k Investment Plans

If you don’t have one already, you should meet with a financial planner to determine the best course of action to plan your future investment portfolio. In addition, a meeting with your tax accountant is beneficial in identifying ways to reduce your tax burden. They can also give you advice on which files and records you can discard in preparation for the move. When reviewing your financial plans, consider these key points:

 Is it time to cash in on your stocks, mutual funds, bonds, etc?

 Examine your portfolio mix to see if it’s at the right risk level for you.

 Do you need to rollover a 401K, take distribution or setup a SEPP account?

 Review your need to setup an emergency fund in a passbook savings or CD account.

 Protect your home equity by:

 Transferring your existing tax base under Prop 60 & 90 (California only)

 Excluding capital gain tax under IRC 121

 Deferring capital gain tax by doing an IRC 1031 like-kind exchange on your investment property.

I can’t stress enough how important it is to do this financial review. You want to make sure you have solid plans to take care of your needs after retirement. By taking time to review these items, you can make an informed home investment decision.

JoJo Harmon is a realtor with Prudential California Realty in Orange County California and has earned the Seniors Real Estate Specialist designation (SRES). Realtors with the SRES designation have demonstrated the knowledge and expertise to counsel senior clients through lifestyle transitions. She specialized in residential homes, relocations, investment properties, senior 55+ housing and fine homes and estates from Newport Beach to San Clemente.

Source: www.a1articles.com