When it comes to 401(k) plans, most people are obsessed with filling theirs to the brim. Stashing more money away in a shorter time span is a great way to use a 401(k), but eventually you’re going to have to tap those funds. Like anything else to do with your retirement account, there are special […]
All posts tagged IRA
Differences Between myRA, IRA (including Roth) and 401(k)
Retirement planning is an overwhelming proposition, whether you’re just starting out or looking into rolling over an account you’ve had for decades. Not only do the laws change year after year, but the many types of accounts seem like they should be much more similar than they are. Don’t worry, we’ve got you covered in […]
An introduction to retirement plans
If you are convinced that you should save (more) for retirement starting today, you may be wondering which retirement plans you should choose. It makes financial sense to first contribute the minimum amount towards your retirement plan at work (e.g., 401k) to get the maximum employer match. Only then you should think about contributing towards […]
10 important factors to consider during 401(k) to IRA rollover
Barring a few who can opt for an in-service rollover, most Americans consider 401(k) to IRA rollover only when they retire, get laid off or change their jobs. While many employers prefer to continue their former employees in their plan, it probably makes sense in most cases to roll the money from old 401(k) account […]