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.
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…
Extend the Spirit of the CARES Act to Automatic Rollovers
America is a fundamentally caring country, as reflected in the collective actions of its individuals, businesses and policymakers.…
Where Does the United States Rank with Mutual Fund Taxes, Regulation?
A new study ranks the United States as “below average” in mutual fund tax incentives and regulation when…
New CARES Act RMD and Rollover Rules: Chart
CARES Act RMD Waiver gives 2020 relief by pausing required distributions from retirement plans and IRAs, with rollover options available.
Forgo 401(k) Early Withdrawal Penalty: WSJ
Calls for fiscal relief involving 401(k)s are growing louder, with The Wall Street Journal joining the American Retirement…
IRS Delays Tax-Filing Deadline to Help Cope with Coronavirus: Updated
Clarification: Per CNBC. The Treasury is giving taxpayers a 90-day extension on paying taxes owed from 2019, but…
Fees for Large and Small 401(k) Plans Continue to Fall
401k plan costs decline as both small and large retirement plans see lower fees, benefiting sponsors and participants long term.