Usually, After a person leaves a company, they rollover their 401k, into a Rollover IRA, or Roth IRA Rollover from their 401k planUsually, After a person leaves a company, they rollover their 401k, into a Rollover... more
With the recent turmoil in the financial market this is a good time to look at Dollar cost averaging. The strategy is one that helps you actually benefit from market volatility as we see continuing in 2009.
You actually are better off with wild swings in stock prices, when you dollar cost average, than if they just went up .8% every single month (if both ended with stocks at the same price 20 years later). Really the wilder the better (the limit is essentially the limit at which the economy was harmed by the wild swings and people decided they didn’t want to take risk and make investments.
Here are two examples, if you invest $1,000 in a mWith the recent turmoil in the financial market this is a good time to look at Dollar... more
Positioning your 401k or IRA for a Volatile Market
As I write this, the 2009 Stock Market is not looking to make any new friends in the 401k and IRA community. The DJIA is hovering right around 8000, and it looks like this recession is going to last longer than anticipated. Some pundits have said that it could be 2011 to see all of the economic stimulus finally work. We had the biggest Inauguration market drop in history when Barack Obama took the oath of office.
In the meantime, many investors are wondering, “What should I do during these difficult market times?” Many are even afraid to open their 401k statements for fear of the paper losses on hand.Positioning your 401k or IRA for a Volatile Market
As I write this, the 2009 Stock... more
Retirement today requires more planning than in previous generations. Sources of steady retirement income have changed, as fewer and fewer workers are covered by traditional employer-provided pensions that provide a lifetime benefit.Retirement today requires more planning than in previous generations. Sources of... more
Do you have old 401k plans that are “Left Behind” with old employers? Surprisingly enough, the overwhelming answer is usually yes!
One would think that 401 plans would be immune to the procrastination that we all exhibit in our lives, however even sometimes substantial sums of money fall under the category “Out of Sight, Out of Mind”.Do you have old 401k plans that are “Left Behind” with old employers?... more
IRA Rollovers
Understanding the short- and long-term tax implications of rollovers from employer-sponsored retirement plans is a critical component of retirement planning.
That's because while employer-sponsored retirement plans and IRAs are designed to help you to build a retirement nest egg, not understanding rollover regulations can lead to unintended tax consequences that chip away at retirement savings.IRA Rollovers
Understanding the short- and long-term tax implications of rollovers... more
Late Boomers, the leading edge of the 76 million Baby Boomers, who are about to reach 60 and be eligible for some retirement benefits, have invested their money in large-cap stocks. They have nearly 40 percent of their assets in these blue chip stocks, which are most often favored by conservative investors. They are a little more conservative than younger Boomers, according to a survey of how Boomer executives are investing their money.Late Boomers, the leading edge of the 76 million Baby Boomers, who are about to reach... more
As the recession continues to plague our economy, the next shoe to drop may well be your employer match on your 401k plan. However, there are many things to think about when planning for your 401k strategy.
About 84% of companies in the U.S. offered employees a 401(k) match as of last year.
However, cash strapped companies, reducing or eliminating the retirement contribution may be one way to cut back on costs and save jobs during hard economic times.Companies cutting 401k Matches due to Recession
As the recession continues to... more
Now that you have decided that you should roll over your 401k and you further decided either to hire some one to help you or to do it your self, so what are the practical steps that you should take you ask?
If you have decided to hire an adviser, then your adviser should guide you every step of the way in the rollover process and make sure your 401k is properly rolled over and transferred to their firm.Now that you have decided that you should roll over your 401k and you further decided... more
