Retirement Planning
Can I roll a retirement plan distribution into an IRA?
If you’re asking this question, you probably have a 401(k) or another retirement plan through a former employer. The short answer is yes — most retirement plans allow you to roll your plan funds over into an IRA after you’ve left your employer’s service. However, there is more than one way to do a rollover,…
Read MoreHow Much Annual Income Can Your Retirement Portfolio Provide?
Your retirement lifestyle will depend not only on your assets and investment choices, but also on how quickly you draw down your retirement portfolio. The annual percentage that you take out of your portfolio, whether from returns or the principal itself, is known as your withdrawal rate. Figuring out an appropriate initial withdrawal rate is…
Read MoreRetirement Plans and Estate Planning
When you die, what will happen to your retirement plan benefits? In general, your retirement plan benefits pass to the beneficiaries you designate on the plan beneficiary designation form. Your benefits will generally be subject to estate tax at your death and to income tax when benefits are distributed from the plan to your beneficiaries.…
Read MoreThe Sandwich Generation: Juggling Family Responsibilities
At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses while at the same time looking after the needs of your aging parents. Squeezed in the middle, you’ve joined the…
Read MoreRetirement Plans For Small Businesses
Retirement Plans For Small Businesses As a business owner, you should carefully consider the advantages of establishing an employer-sponsored retirement plan. Generally, you’re allowed a deduction for contributions you make to an employer-sponsored retirement plan. In return, however, you’re required to include certain employees in the plan, and to give a portion of the contributions…
Read MoreRetirement Planning Calculator
Even if you’re a long way from retirement, you might be wondering how retirement planning can help you achieve your financial goals. For a secure, enjoyable retirement life, you should start your retirement planning as early as possible and using a retirement planning calculator is a great way to start. How and when should I…
Read MoreRetirement Planning
Retirement planning is key; there are several types of defined contribution retirement plans on the market. Among these are the popular 401K and IRAs. A 401K is an employer-sponsored plan that deducts pre-tax money from your payroll check and may include a matching contribution from your employer. An IRA is an Individual Retirement Account that…
Read MoreRetirement Planning – Will You Retire Today?
Are you one of the 10,000 who will retire today? Retirement planning can get you there. Our “baby boomers” the ones who have lead, and defined our great country for the past 40 years are now re-defining their own, and very personal next chapter, retirement. As with all transitions, they are not without challenges. In…
Read More5 Things to Consider When Changing Your Retirement Plan
When someone changes jobs or decides to retire then it’s a good idea to review your retirement plan. Your situation and your goals will determine the best strategy for updating your plan. There are several options, and really depends on what your situation is and what you are trying to accomplish with this money. As…
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