American employees’ favorite retirement savings plan is the 401k (1). At some time, you may desire to convert your 401k to an IRA. It might be due to a job shift, unhappiness with investment alternatives, or a desire for greater retirement savings control. We’ll cover how to switch you...
Q. Is it possible to roll over my retirement savings, such as my 401k, IRA, or 403(b) accounts into an annuity without paying taxes?A. You can roll over your IRA, 401(k), 403(b), or lump sum pension payment into an annuity tax-free. Annuities funded with an IRA or 401(k) ...
Another way to save money is througha deferred annuity. You cannot deduct contributions to an annuity, but your investments will grow tax-free in these accounts until retirement. You may be able to save for retirement through multiple retirement plans, such as the 401(k), TSP, and IRA. But...
Assuming I am over age 59.5 and not yet age 72, drawing from a pre-tax retirement plan (e.g. a 401k plan) this year will cost me a minimum of 24% of whatever I draw. That’s my marginal Federal income tax. In addition, there is state income tax if my state taxes income (sadly...
If I needed to borrow money my first stop would be Upgrade. I would do that because based on what I’ve seen, they should be able to deliver loans faster and cheaper than the competition. Let me tell you why I think this way. First, they build and use a technology platform aimed to...
The California Numismatic Investments guarantees the Authenticity of the bullion of GoldDealer. If the products are not of your choice, you will get a full refund. The company does not grade the coins; instead, they rely on the Professional Coin Grading Service (PCSG). IRA Services The GoldDe...
The near future of gas prices looks better than the recent past. But the oil market is complicated, so focus on what you can control to keep costs down.
I am not entirely opposed to the idea of seeking financial advice from others, however, relying on others to pick investments for you? It’s risky business. And in today’s information age, it’s totally unnecessary. Why? There’s too much evidence that points to low-costpassive index inv...
I was impressed by their roster and that they’ve been around for 20 years. My guess is they’ve got good contacts at the bureaus and major creditors and that’s worth a lot too sometimes. Remember, it’s not always what you know, but who you know. Lexington survives and thrives in...
I currently have a Roth IRA (with several different funds in it), two 401(k) plans, and an account with theThrift Savings Plan (TSP)(government version of a 401(k)). I could roll my old 401(k) plan into my new one, but I haven’t decided whether or not to do that yet. ...