It’s one of the oldest financial tips around, and one of the most revered. It’s one that almost all financial experts will give their clients, and most of those clients will follow blindly. The reason is that, on the outside, it seems to make perfect financial sense. The fact is however, this venerable tip could […]
4 IRA Withdrawals that Actually make Sense
Withdrawing funds from a traditional IRA before a person turns 59 ½ usually means that they’re going to pay a lot of taxes and penalties. It’s different with the Roth IRA, because with the Roth you can withdraw your original contributions anytime you like but, with investment returns, you’re going to be penalized with early […]
What is a Roth IRA Conversion and How does it Work?
Simply put… Roth IRA conversion is the process transferring of your money from a Traditional IRA or 401k plan into a Roth IRA. Rollovers into a Roth IRA from a Traditional IRA and 401k plans came to the forefront in 2010 due to a change in the tax law. Before 2010, the tax law stated […]
How to Roll Over a 401k into an IRA?
How to Roll Over a 401k into an IRA? If you’re covered under a 401k plan at work, odds are you will do a 401k Rollover sometime during your working career. Why? Most people change jobs at least once during their working years. A lot people change jobs a number of times. Once you change […]