Future Income IRA: Income You Cannot Outlive |
April 7, 2013 |
401k and IRA Blogs, Barry Goldwater, Income For Life, Member Posts, Retirement Planning
Written By: Barry Goldwater | Goldwater Financial Group It use to be that you got a job with a U.S. company, worked for that company most of your life and then retired with a company pension and social security. This double annuity income was usually enough for a comfortable retirement. Then in the 1970’s companies started shifting retirement planning responsibility to the employee in the form of 401k plans, IRA’s, profit sharing plans. The company defined benefit plans, conservative annuity payouts which were usually comprised...
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Perhaps They Didn’t Create The 401(k) With You In Mind! |
March 4, 2013 |
401k and IRA Blogs, Greg Marchand, Member Posts
Written by: Greg Marchand | Marchand Financial Services, Inc Don’t get me wrong. The 401(k), or any salary deferral vehicle, can be a great way to store and accumulate resources for your retirement. Many people unfortunately see their 401(k) as their only needed retirement vehicle, and I believe such limited planning will leave many retirees vulnerable to outliving their assets, and I think that may be leaving them very vulnerable. Pensions provide income when we are done working. It is by far the most important...
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What is a Required Minimum Distribution (RMD) |
September 24, 2012 |
401k and IRA Blogs, Jeremy Smith, Member Posts, Retirement Planning
Written By: Jeremy Smith | Amerishield Qualified retirement plans offer tax benefits if you follow a few IRS rules. Retirement Plans are intended for Retirement Penalties for early withdrawal help discourage early withdraws and guides investors to withdraw their qualified funds during their retirement years. Required Minimum Distributions The government also wants to ensure that they will one day be able to tax these funds which should create a much larger collectable tax. If you have a 401(k), a Keogh, a SEP or a traditional...
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Think Twice Before You Roll Over Your 401k to a New Employer |
July 12, 2012 |
401k and IRA Blogs, Cal Burgess, Member Posts
Written By: Cal Burgess, Retirement Servicing Group Today, with the amount of layoffs and the number of workers being forced to change career paths, the need to protect their 401k, 403b, or other employer sponsored plan (ESP) is taking a sideline to the need of finding another income source. Ironically, they could be bettering their retirement position by helping to secure an income stream for their future retirement needs. Many employees do not know all of the options that they have with respect to their...
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Is Your 401(k) Plan Taking Advantage of You? |
June 26, 2012 |
401k and IRA Blogs, Your Retirement
If you are like a typical 401(k) account holder, you are probably not sure about the level of management fees that are being deducted from your 401(k) account each year. The main reason for this is not because you are uneducated or do not care about your returns, it is mainly due to the lack of transparency in the quarterly/annual reports that you receive from your plan. A recent AARP survey of 800 workers with 401(k)s revealed that 70% of the responders believed that they...
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5 Timing Rules You Need To Understand About IRAs |
June 8, 2012 |
401k and IRA Blogs, Retirement Planning, Your Retirement
Owning an IRA would be a simple process if only the tax code was flexible to adjust for missteps. However, the tax code is not at all friendly so we need to be very aware of the timing issues that most often cause the most problems. Fortunately, Robert Powell was nice enough to document the 5 most important timing issues that we must be sure to keep in mind before we take any actions which could cause unfortunate consequences. Here are the five timing rules...
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GM Makes Strong Move Away From Pensions |
June 6, 2012 |
401k and IRA Blogs, Income For Life, Retirement Planning
GM announced last Friday that is will make a strong move to decrease its pension liabilities. For retirees, they will offer over 40,000 them a lump-sum payment of cash to end their monthly benefits. The rest of the 118,000 salaried retirees and spouses in the U.S. will be serviced by a group annuity that GM will purchase. Their overall plan is to unload $26 billion in pension liabilities from their books in a move that experts say are likely to become a trend as companies...
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Congress Eyes 401(k)s Again |
April 24, 2012 |
401k and IRA Blogs
As employment pension plans are being replaced by 401(k)s, we need to be mindful of any potential changes to tax treatment of these widely used retirement vehicles. An interesting article was recently published from Kelly Greene which cautions us that the tax treatments of these plans could be altered by a government which is in desperate need of raising revenue. Here are the 5 questions that are brought up and answered in this article. 1. Why are retirement accounts being scrutinized now? 2. Why would...
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