There was a time that a person would retire and stay retired for the rest of their lives. They could live off of minimal income and would receive payments from pension plans and Social Security. Since companies have shifted away from pension plans to 401ks and IRAs, the burden of planning for the rest of…
Tag Archive: Retirement
401k Allocation – Types
Building the proper retirement plan means allocating the assets in your portfolio properly for your retirement needs. A good 401k allocation strategy will include a diverse mixture of a number of different asset classes. This mixture could include stocks, bonds, mutual funds, and even cash. All of these asset classes serve a purpose and add…
Converting a 401k to Roth IRA
It is very rare today for a person to stay with one company through their entire career. You may be one of the many that have left their place of employment and are trying to figure out what to do with their 401k retirement plans. Most companies will only give someone a few months to…
All About 401k Beneficiaries
You work too hard to sock away money in your 401k plan to let the proceeds go to just anyone, right? You may want to make that your 401k assets go to the right people. One of the ways to do this is by checking your 401k plan forms and making sure that you have…
Borrowing Against a 401k – The Pros and Cons
Borrowing against a 401k is one of those things that no one wants to do but simply may be unavoidable for one reason or another. An emergency situation could force you to borrow from your retirement to meet your liquidity needs. But if you are considering borrowing against your 401k plan, please be aware of…
