- IRA Transfer vs. Rollover: What’s the Difference?
Anyone who’s ever put together furniture or hung a picture on a wall knows the difference between a screw and a nail. While they may look alike, they have distinct purposes and applications. The same can be said for an… read more…
- Want to Leave Assets to Your Heirs? Consider Using a Taxable Account to Pay for a Roth Conversion
A Roth conversion is one of the many tools in the financial toolbox to reduce taxes in retirement and maximize income. But not all retirees or those planning their retirement consider converting their savings into Roth assets, mainly because it… read more…
- IRA Rollover vs. IRA Conversion
Do you have money in a 401(k) from a previous job or an old IRA? Performing an IRA rollover or conversion can be smart depending on your situation. You might also opt for an IRA transfer, where you move money… read more…
- Retirement Saver’s Credit Goes Further in Conversion to Saver’s Match
The SECURE 2.0 Act was recently signed into law by President Biden. Coming just a few years after the first SECURE Act, this legislation makes a bevy of changes designed to make it easier for Americans to save for retirement… read more…
- How to Roll Over a 403(b) to an IRA
A 403(b) is a tax-advantaged retirement account built for employees of tax-exempt organizations and public school teachers. It works like other tax-advantaged retirement accounts, including 401(k)s offered by private employers and IRAs offered to individuals. In some cases, like when… read more…
- What Is a Direct Rollover?
If you’re considering changing jobs or starting a business, make sure you don’t throw away any retirement funds you’ve built up. Whether you have worked at the same place for decades or are making a career change in your twenties, you can roll an old employer-sponsored 401(k) into a different retirement account tax-free with a… read more…
- How to Roll Over a Thrift Savings Plan to an IRA
The Thrift Savings Plan (TSP) is designed to help federal employees and military service members save for retirement on a tax-advantaged basis. If you decide to leave federal employment, one thing you’ll have to decide is what to do with… read more…
- What Is a 403(b) Rollover?
In place of a 401(k) plan, you may have the option to save for retirement in a 403(b) plan. Also known as a tax-deferred annuity or TSA, 403(b) plans are designed for employees of certain public schools and tax-exempt organizations. Making a job change means deciding what to do with the money you’ve saved in… read more…
- This New Rule Will Bring a Big Change to Your Retirement Plan Rollover
Billions of dollars are moved annually from 401(k) plans to IRAs. And starting in July, the U.S. Department of Labor (DOL) will mandate that all financial advisors and brokers comply with a higher fiduciary standard for retirement plan rollovers. Under… read more…
- The 60-Day Rollover Rule for Retirement Plans
If you have more than one retirement account, it’s possible to extend a short-term loan to yourself when you need cash in an emergency. This involves initiating an indirect rollover from one retirement account to another. But there’s just one… read more…
- Should You Get a Home Equity Conversion Mortgage (HECM)?
If you’re of retirement age and want to supplement your income, you may want to consider a Home Equity Conversion Mortgage (HECM). A HECM is a reverse mortgage through the Federal Housing Authority (FHA) that converts your home’s equity into… read more…
- How to Make an IRA Rollover
You found a new job and can no longer contribute to your previous employer’s 401(k) or 403(b). If your new employer offers an equivalent retirement account, you can directly transfer the money from one account to the other. You can… read more…
- 5 Retirement Rollover Mistakes to Avoid
When you’re contemplating a career change, one of the most important decisions you’ll have to make is what to do with the retirement savings you’ve accumulated. If you contributed to a 401(k), 403(b) or a similar employer-sponsored plan, transferring it… read more…