401(k)
Don't forget tax hit when considering early 401(k) withdrawal Oct 6, 2008
Question: I've used up all of my savings and am considering taking money out of my 401(k). Is this a good idea?
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You can borrow from your 401(k) plan Sep 30, 2008
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Having Access to Your Future Sep 5, 2008
Since the inception of 401(k) plans in 1980, many companies have offered defined contribution plans as a benefit to their employees. In the process, many Americans have used 401(k) plans to save for retirement with pretax dollars and employer match funds.
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Inheriting a 401k Sep 5, 2008
The Pension Protection Act gives 401(k) beneficiaries reprieve from tax burden.
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Leaving Your 401k to Charity Sep 5, 2008
In some cases, leaving your qualified retirement account to a charity and other assets to your heirs can save on taxes. An important part of establishing an IRA, 401(k), 403(b) or other qualified plan is naming a beneficiary. On the positive side, this helps ensure that upon your death, any remaining account balance will transfer directly to your heirs without going through probate. On the negative side, your heirs could lose up to 80 percent of the account’s balance to income and estate taxes, both federal and state. |
MatchMaker Sep 5, 2008
How a 401(k) plan, (which may be employer-matched), could help you fall in love with the thought of a comfortable retirement. There can be a lot of confusing numbers floating around when you try to invest. 529s, 401(k)s, 403(b)s, it can get hectic. One thing which isn’t confusing is knowing you want the opportunity to retire in comfort. General George S. Patton once said, “I always believe in being prepared,” and while he may not have been talking about retirement specifically, he makes a good point. Be ready. |