401ks & IRAs

Saving for your retirement is important, and knowing the regulations regarding moving money from one retirement account to another can help you avoid penalties.

If you're leaving a job and have a 401k plan, you may want to transfer it to a Roth IRA. There are a number of factors to consider, some of which can be very beneficial from a tax perspective.

Financial advisers recommend saving for retirement with an IRA, and the sooner the better. Imagine how much money might be accumulated if you started saving as a child. There is no minimum age...

During this time of economic uncertainty in the United States economy there have been major declines in the U.S. housing and financial markets. Many individuals are concerned about their financial...

Naming a trust as a beneficiary for an IRA is a relatively simple process. Although it is impossible to house an IRA account inside a trust, most IRA owners can name a trust as beneficiary if they...

Moving your 457 plan into an IRA account is a relatively simple process. It is not possible to "convert" such a plan directly into an IRA, the way that one can convert an IRA into a Roth IRA, but...

Though the Internal Revenue Service (IRS) allows people to withdraw money at any time from their Individual Retirement Account (IRA), you will usually have to pay a 10-percent penalty on any...

Though the Internal Revenue Service (IRS) allows you to take money out of your traditional IRA at any time, you will usually be charged a 10 percent penalty on any withdrawals before you reach age...

Most businesses and corporations offer a 401(k) retirement plan to their employees as part of the benefits of working for their company. If you happen to get laid off or just plain quit your job,...

The complex rules attached to Individual Retirement Accounts (IRAs) continue after an account owner dies. Depending on whether the beneficiary is a spouse, a non-spouse individual, or a trust, the...

Individual Retirement Accounts (IRAs) are individually-managed, tax-advantaged brokerage accounts. You can contribute a limited amount of money to one every year or you can roll over a similarly...

A 403b annuity is a tax shelter plan. It is similar to a 401k, though the 403b is only available to employees of public schools, churches and certain nonprofits.

Withdrawing money from a 401(k) plan involves numerous restrictions and potential consequences. There are several ways this can be done to achieve the goal of withdrawing money to invest or start...

Withdrawing money from a 401(k) plan involves numerous restrictions and potential consequences. There are several ways this can be done to achieve the goal of withdrawing money to invest or start...

Moving money from a regular, taxable account to an IRA is a simple process. The Internal Revenue Service limits the maximum payments that you can make to an IRA every year at $5,000 for people...

There are several reason why a company doesn't allow 401(k) loans. The most common reason is that it hurts the participant's long-term retirement prospects, even when the loan is repaid.

Non-deductible contributions to a traditional Individual Retirement Account (IRA) occur when you are ineligible to take a tax deduction for money you put into your traditional IRA account.

The Internal Revenue Service limits the amount of money you can contribute to an individual retirement account to $5,000 a year before you turn 50. You can make catch-up contributions to a Roth...

The principal difference between a Roth IRA and a Traditional IRA is that with a Roth all contributions are made to the account on an after-tax basis, and withdrawals are generally tax-free....

Retirement accounts, such as IRAs and 401ks, are given special tax advantages by the Internal Revenue Service (IRS) to encourage people to save for retirement. They can be accessed before or after...

At the end of your working life, you find you've done pretty well. You made regular contributions to your 401(k), and perhaps your employer matched them. Over time, with principal and interest,...

An individual retirement account (IRA) is designed to help people save for their retirement, with tax-deferred or tax-free growth features. The IRA can also be chosen as a method to use in...

You can withdraw money from your traditional IRA whenever you want. However, the Internal Revenue Service (IRS) charges a penalty on withdrawals before age 59 1/2, unless you have a qualified...

Converting a profit-sharing plan to a self-directed Individual Retirement Account (IRA) is a relatively easy procedure, but it is important to pay attention to Internal Revenue Service (IRS) rules...

An individual retirement account or an IRA is something that a person sets up to hold the money on which they will retire. Unfortunately, not everyone will live long enough to use their IRA, in...

Having retirement accounts will help you feel more confident that you can live comfortably in your retirement. While it may seem troublesome to manage a retirement account, because you should be...

An IRA is an individual retirement account that typically is invested in mutual funds. However, you can invest in more than just mutual funds with your IRA. In fact, you can buy stocks, CDs,...

A lot of what you knew about converting a traditional IRA to a Roth IRA will change in 2010. Plus, there's a one-time offer: Convert in 2010 and take three years to pay the tax bill.

To contribute to a traditional IRA you are required to have earned income. But if you are covered by a pension plan at work, there is a limit to how much income you can earn for contributions to...

Unlike 401k plans, you cannot borrow money against an IRA nor does the IRA allow for a special exemption from penalties if you have a financial hardship. However, if the financial hardship is due...

An equity indexed annuity is a hybrid annuity that offers benefits of both fixed annuities and stock market appreciation. Equity indexed annuities are offered through insurance companies and are...

You may have accumulated a variety of IRAs over the years. The IRS doesn't limit the number of IRAs a person can hold and the accumulation may occur through employer plan rollovers or simply...

You might have started saving for retirement with a traditional individual retirement account because it offered current tax savings. Now that you're a little older, you realize that a Roth IRA is...

Many employers offer a 401(k) plan as part of a benefits package to employees. This type of plan allows you to save part of your salary as "pre-tax" dollars, lowering your adjusted gross income...