401K Rollover to IRA Rules   There are two types of rollovers: direct rollovers and indirect rollovers.  In a direct rollover, the funds from your 401(k) are transmitted directly to the new retirement plan. There are no withdrawal fees or distributions to the participant, making this the most hands-off rollover method.  An indirect rollover is where the funds from your 401(k)...

Are you ready to test your financial knowledge? Whether you are a seasoned investor or just starting your financial journey, understanding the fundamentals of financial planning is crucial. This financial acumen quiz is designed to test your knowledge of key financial concepts, from the importance of a diversified investment portfolio to the principles of budgeting and investment strategies. Take this...

When an employee separates service from an employer with a 401(k), they must determine what to do with the retirement account. With the stress of change, sometimes determining what to do with your group retirement plan falls to the wayside. Adding on top having to figure out the options, it can be easier to try and ignore your account, than...

Making important decisions about investment strategies in advance of retirement will guarantee growth and stability of funds throughout your post-retirement years. With correct planning, your nest egg can be maintained, and even grown, to ensure a comfortable retirement income and offer you the ability to take care of loved ones after you’ve left the workplace. With so many investment options...

Planning for retirement is a significant financial milestone for many individuals. Among the many questions that arise during this planning phase, perhaps one of the most common is, “How far can $1 million take me in retirement?” While $1 million might sound like a substantial sum, its purchasing power in retirement can vary widely depending on factors such as: 4...

In the ever-evolving financial landscape of retirement savings and tax provisions, 2024 brings promising news for individuals planning for their future. The annual adjustments due to the cost of living have ushered in increased contribution limits for IRAs and 401(k) plans, offering enhanced opportunities for individuals to bolster their retirement funds.  What are the 2024 IRA Contribution Limits? Last year...

In a world of financial opportunities and pitfalls, the investing decisions you make for your hard-earned money can be a significant step toward building a secure and prosperous future. Whether you are an experienced investor navigating the ever-evolving landscape of financial markets or a novice taking your first foray into the world of investments, the decisions you make can profoundly...

Retirement vehicles come primarily in two forms Traditional and Roth.  These are most commonly found in IRAs (Individual Retirement Accounts) or 401(K)s.  They are both tax-advantaged vehicles designed for long-term savings and investments, to help people plan for their long-term goals, such as retirement. Each type of account has its own advantages and disadvantages.  The right account for you will...