ADVERTISEMENT

Rollover

What is a Rollover?

A rollover is a tax-free reinvestment of a distribution from a qualified retirement plan into an IRA or other qualified plan within a specific time frame, usually 60 days. An individual will commonly initiate a rollover after leaving a job at an...

The Market’s at Record-Highs—Time to Buy or Bail Out?

The Dow Jones Industrial Average and S&P 500 indexes have reached their highest levels since 2007. Good news! The bad news is that it is too late to get in, right? Not necessarily. It’s true that the rapid rise of the major market indices has...

IRA vs. 401(k) - What's the Difference?

Thinking of saving money for your golden years? Good thinking. You’re never too young to start stuffing the coffers. Two popular retirement investment vehicles worth considering are the 401(k) and the traditional IRA (or individual retirement...

A Solo 401(k) Is Smarter

When I exited my magazine-editing job a few months ago to start a business as an editorial consultant, I knew the standard advice was to roll over my 401k into an IRA immediately. After talking with a few money-savvy friends, I opted to call...

The Money Chore Time Trial

When you put off pesky financial chores, your main excuse is probably, "But it'll take too long."   But if you're going to get your finances in order—for tax season or peace of mind in 2013—you need a realistic idea of how long things take. Hence...

Can You Fund a 401k and an IRA?

Here’s a classic retirement question from a reader: I’m in my 30's, and saving about 10% of my salary. Soon I can contribute to my 401k—and they’ll match 100%, up to 5% of my salary. Should I put the whole 10% into my 401k and stop contributing...

My Retirement Repentance 

My name is Jenna, and I threw away SIX GRAND.   Here’s how: I rolled over $4,700 from my old 401k to an IRA—and left it sitting in a money market account.  And it’s been sitting there for three years. Look, IRA rollovers are complicated and...

Roll over your 401(k) to a Roth IRA?

Earlier this month, we wrote about rolling over your 401(k) into a traditional IRA when you leave your job. But what if you want to roll into a Roth IRA?Roth IRAs offer a smart tax break that you should know about for your retirement plan....

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

© Copyright DailyWorth 2014