Thus far 2020 has been a year filled with uncertainty, with one exception, the choice on whether or not to take a 2020 RMD disbursement. Due to both the SECURE and CARES Act, a multitude of options are available for those of age to receive RMDs. The choice is whether or not to take …
Company-sponsored 401(k) and 403(b) plans have two major selling points: contributions are pre-tax, and most plans come with a company match system that increases your investment with additional funds from your employer. Both are compelling, financially-savvy reasons to stay invested in your 401(k) while you’re working. After you retire, however, it’s a different story. You …
Rollover is the technical term for moving your retirement savings from one account to another. It sounds pretty simple, but there are specific steps you must follow to avoid repercussions. These accounts are tax-protected, but if you fail to complete the rollover properly, you could be stuck with a hefty tax bill. Here’s how to …
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