To maintain their tax deferred status and avoid penalties before the age of 59 1/2, workers in 401k and 403b plans must rollover their retirement account into a qualified personal retirement plans also known as individual retirement accounts or IRAs or keep the money in their current employer sponsored plan. Some employees allow for an encourage current workers to roll-in assets from other 401k or 403b plans or IRAs to consolidate all retirement accounts.
According to a study by the Center for Retirement Income at The American College of Financial Services, 62% of older workers who retire decide to…
Majority Rollover to IRA with Help from an Advisor Read More »
A growing and sometimes forgotten issue with defined contribution (DC) plans is when plan participants cash out, known as leakage. A recent report by DCIIA…
With Super Bowl 50 coming soon and the ads that are sometimes more entertaining than the game, it’s time to think about why IRAs may…
Most people know about IRA rollovers when employees leave a company and roll their retirement plan balance into an IRA, a market that has grown…
Plan Sponsors Should Consider Helping Employee with Roll-Ins Read More »
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