Browsing Tag
401(k) Rollover
156 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.
DALBAR Warns of Hidden Burdens Related to Rollovers in New DOL Rule
Could the Department of Labor have underestimated the compliance costs that would be associated with its proposed regulation…
IRS Deadline to Return Unwanted 2020 RMDs Fast Approaching
Time is running out for retirement account holders to roll back any unwanted required minimum distributions (RMDs) they…
Senators Want Billionaire ‘Wealth Tax’ to Fund All Medical Expenses
Democratic Senators Bernie Sanders, Ed Markey and Kirsten Gillibrand have introduced a 60% tax on what they say…
How to Close the Coming COVID-19 Retirement Savings Gap
When the dust finally settles from the COVID-19 pandemic, the nation’s retirement deficit will have widened significantly, due…
Most 401(k) Participants Would Leave Assets in Plan
RIP rollovers? A recent survey from T. Rowe Price found that the overwhelming majority of 401(k) participants expressed…
IRS Announces CARES Act RMD Relief
If a retiree took a required minimum distribution but is having second thoughts in the wake of COVID,…
SEC Reiterates 401(k) Rollover Rules in Runup to Reg BI
Reg BI retirement rollovers guidance urges caution when recommending 401k/IRA rollovers and withdrawals to protect investors.
The Case for Roth Conversions in Market Downturns
In general, investors should refrain from taking panicky actions when markets plummet. A better option is to stay…
IRS Posts CARES Act FAQ for Retirement Plans
If you’ve got questions about the CARES Act, the IRS is here to help (wait, what?) Here are some of the answers to the more common inquiries:
Senators Introduce New Bill to Allow PPP Loan Tax Deductions
The IRS is stirring anger. The beloved revenue-gathering arm of the United States government issued guidance last week…