Saving for College and Retirement
These days it’s not uncommon for parents to postpone starting a family until both spouses are settled in their marriage and careers, often well into their 30s and 40s. Though this financial security can be […]
1112, 2014
1112, 2014
Rollovers from Employer-Sponsored Retirement Plans
If you withdraw cash or other assets from an employer-sponsored retirement plan (“employer plan”) in an “eligible rollover distribution,” (defined below) you can defer paying tax on the distribution by rolling all or part of […]
1112, 2014
Retirement Plans: The Employee Perspective
What is the employee perspective on employer-sponsored retirement plans?
Qualified employer-sponsored retirement plans can provide a number of tax and nontax benefits to employees. The employee perspective on these plans should certainly consider the obvious tax […]
1112, 2014
Retirement Planning: The Basics
You may have a very idealistic vision of retirement–doing all of the things that you never seem to have time to do now. But how do you pursue that vision? Social Security may be around […]
1112, 2014
Maximizing Your Pension with Life Insurance
If you participate in a traditional pension plan (known as a defined benefit plan) with your employer, you may receive monthly benefits from the plan after you retire. These benefits are generally based on your […]
1112, 2014
IRA and Retirement Plan Distributions
IRAs and employer-sponsored retirement plans (e.g., 401(k) and profit-sharing plans) play a central role in retirement planning. After all, the tax benefits are hard to beat. With traditional IRAs and most employer-sponsored retirement plans, pretax […]
1112, 2014
Estimating Your Retirement Income Needs
You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s […]
1112, 2014
Distributions from Traditional IRAs: Between Ages 59½ and 70½
A withdrawal from an IRA is referred to as a distribution. Distributions can come in the form of several payment patterns, from a one-time (lump-sum) payment to a series of distributions over a number of […]
1112, 2014
Distributions from Traditional IRAs: After Age 70½
A withdrawal from an IRA is generally referred to as a distribution. Ideally, you would have complete control over the timing of distributions from your traditional IRAs. Then you could leave your funds in your […]
1112, 2014
Distributions from Traditional IRAs: Prior to Age 59½
A withdrawal from an IRA is generally referred to as a distribution. If you receive a distribution from your traditional IRA before you reach the age of 59½, the federal government considers this a premature […]
