Browsing Tag
401(k) Rollover
160 posts
A 401(k) rollover is the process of transferring funds from a 401(k) retirement plan to another tax-advantaged account, such as an IRA or a new employer’s 401(k), typically after a job change or retirement. This move helps preserve tax-deferred growth and avoid early withdrawal penalties. Rollovers can be direct (funds go straight to the new account) or indirect (the participant temporarily receives the funds, with a 60-day deadline to redeposit). Proper rollovers prevent taxes and penalties, and give participants more control over investment choices and account management.
Don’t Be an April Fool: Celebrate 4/01k Day Instead
Message from Lincoln Financial this April 1 (or 4/01k Day): Don’t let plan participants fall for common retirement saving misconceptions.
Retirees Reduce Spending As They Age, New Research Finds
Retiree spending declines annually by 2%, a new white paper finds. Conventional retirement income planning assumes that retirees…
The Stretch IRA Went Away With The SECURE Act—Here Are Other Options
While not its own type of IRA, a stretch IRA had been a go-to strategy for estate planning…
IRS Extends Tax Deadlines, Provides Relief for Texas Storm Victims
The Internal Revenue Service (IRS) announced on Monday that victims of this month’s winter storms in Texas will…
Fintech Startup Capitalize Raises Over $12M to Stem Rollover Tide
New York-based fintech startup Capitalize aims to make it easier for Americans to keep what they’ve saved in…
Market Volatility, Low Interest Rates Threaten Retirement Income: Cerulli
Heightened market volatility may increase demand for advice that emphasizes de-risking and an ongoing income stream that preserves…
How the Consolidated Appropriations Act Effects Retirement Plans
The Consolidated Appropriations Act, 2021 generally provides the annual funding for the federal government and also contains several…
Top 401(k) Political Story of 2020: Will Biden Swap Tax Breaks for Credits?
He’s slowing his roll on a number of issues now that the election is behind him, but what…
Bringing Sunlight to Dark Corners of Safe Harbor IRA Fees
401(k) plan sponsors know all too well that sunlight—coming in the form of transparent fees and disclosures—is vital…
Older Americans Want Retail Advice, Rollovers: Study
Hearts & Wallets finds older Americans retirement planning needs aren't fully met in their workplace plans.