Deciding What to Do with Your 401(k) Plan When You Change Jobs
Leaving your job? Consider what you’ll do with your 401(k) carefully, as some can carry severe tax consequences. Read more in this week’s Financial Tip.
There's Still Time to Contribute to an IRA for 2011
There is still time to save $5,000 ($6,000 for age 50+) for retirement for the 2011 tax year. You have until April 17th. Learn more in this week’s Financial Tip.
Retirement Plans for Military Personnel
For those in the U.S. military, the government offers the Thrift Savings Plan, as a retirement savings vehicle. For those with more than 20 years of active duty service, the government offers between 40-50% of his pay for the rest of the veteran’s life.
It’s Not Too Late
It is March 2012, but you still have an opportunity to alter the outcome of your 2011 tax return. Learn more in this week’s Tax Tip.
DOL 401(k) Plan Disclosure Rules Take Effect Soon
New rules are requiring 401(k) plans to provide detailed information to participants about the plan and its investments. Learn more in this week’s Business Tip.
Q&A Time: Using Bond Funds for Liquidity and Paying Off your Mortgage Early
Dr. Gene and Bil Lako, CFP® answer listeners’ questions on the use of bond funds and paying down your mortgage early.
Working During Retirement
According to the Employee Benefit Research Institute’s 2011 Retirement Confidence Survey, 74% of workers plan to work in retirement, but historically only about three in 10 retirees have been able to do so. If you plan to work during retirement, consider how you might adjust your plans if ill health or job loss prevented employment. Learn more in this week’s financial tip.
Q&A Time: Fixed-Income Clarification, Portfolio Adjustment for Retirement and Economic Growth
The “Money Talks” hosts answer listener’s questions on economic growth and shifting a portfolio toward income investments in preparation for retirement.
Amended Tax Breaks for Georgia’s Senior Taxpayers
Certified Public Accountant Tammie Hendricks joins Bil Lako, CFP® and Ted Parrish, CFA announcing good news about increased tax breaks for Georgia’s seniors.
2011 IRA Contribution Limits
There are several qualifications to make a contribution to either a Roth or a Traditional IRA. The first is that you must have earned income. Whether married filing jointly, or a single individual, there are income and contribution limits for both types of IRAs. For more information about the 2011 IRA contribution limits and laws regarding them, read this Financial Strategy.