A 401(k) is a retirement savings plan that lets you invest a portion of each paycheck before taxes are deducted depending on the type of contributions made. Because of 401(k) tax advantages, the federal government imposes some restrictions about when you can withdraw your 401(k) contributions...
A solo 401(k) allows self-employed people to save more for retirement. Find out if this tax-advantaged retirement account is right for you.
A rollover of retirement plan assets to an IRA is not your only option. Carefully consider all of your available options which may include but not be limited to keeping your assets in your former employer's plan; rolling over assets to a new employer's plan; or taking a cash distribution...
A self-employed 401(k) plan — also called a one-participant 401(k), individual 401(k) or solo 401(k) — is a type of retirement account for business owners with no other employees. They're designed only for use by a self-employed professional and, if applicable, their spouse. With...
A 401(k) plan is an employer-sponsored retirement savings plan. It allows workers to invest a portion of their paycheck before taxes are taken out. Learn more.
A safe harbor 401(k) is a type of a 401(k) retirement plan that is often used by small businesses because it is not burdened by many of the compliance rules of other 401(k) plans. This can be more cost-effective when compared to the fees that come with managing a traditional retirem...
A qualified retirement plan is a retirement plan established by an employer that is designed to provide retirement income to designated employees and their beneficiaries, which meets certain IRS Code requirements in terms of both form and operation. Common plan types are 401(k) plans, pension ...
401(a) plans give the employer a larger share of control over how the plan is invested. An employee can withdraw funds from a 401(a) plan through a rollover to a different qualified retirement plan, a lump-sum payment, or an annuity. ...
But while you’re taking early retirement from this company, that doesn’t mean you have to retire. You’ll also want to consider how accepting the offer affects your retirement finances such as Social Security. If working is a lifestyle decision, you’re in an enviable position, but ...
A life insurance retirement plan, also known as a LIRP, is a financial strategy that combines the benefits of life insurance and a retirement plan. It is designed to provide individuals with a reliable income source during their retirement years, while also offering protection for their loved one...