By a landslide, the 401(k) retirement savings account is the most common savings vehicle for most folks. It’s accessible at most companies and has tax advantages that will encourage you to save, including a Roth 401(k) option. The more progressive companies require people to “opt out” instead of “into” the 401(k) plan being offered. Pretty cool, eh? (said with a strong northern Michigan accent). So, how does one take advantage of this option to save? When can you take the money out? Should you roll it over when you retire? Why do some advisors dislike the 401(k) option?
We’re pretty sure this show will be one that you won’t want to miss! You’ve been saving, so learn how to be a bit more clever when you do.
Learn about the importance of having difficult conversations with your family members about estate planning and inheriting family assets. Whether you are the parent or the child, it is not always an easy topic to bring up.
The man, the myth, the IRA legend – Ed Slott – is calling in today for a LIVE broadcast!
What will we talk about? The better question is, “What won’t we talk about?”
From missed retirement account deadlines to tax advantages of a Roth IRA – no topic will be off-limits! So be ready to call in with your questions. This show will be a full hour of non-stop information that will help you navigate the complexities of retirement planning as it relates to taxes.
When it comes to saving for retirement, one of the biggest mental blocks for people is that the accounts are protected. In other words, there are rules about how much you can put in, take out and when. Considering all the rules, it’s no surprise that mistakes are made, and they can be costly. The question then becomes, which ones can be fixed? Which ones can’t? Ed Slott gives this example: If a non-spouse beneficiary of an inherited IRA attempts a rollover, there is no going back. If the money comes out, it cannot be returned; inherited IRAs can only be transferred. A rollover of an inherited IRA is a fatal error, and no one can un-ring that bell.
Tune in today to learn about the ins and outs of fixing IRA and retirement plan mistakes.
Women live longer than men. Women spend less time in the workforce due to child-rearing years and caretaking for their families. Women make less on the dollar than men. Almost two-thirds of Americans living with Alzheimer’s are women. Are the stats stacked against women and their financial security?
A Fidelity study of more than 8 million investment accounts concluded that women’s portfolios tend to deliver higher returns. We tend to save more, take fewer risks and are patient to build a financial plan rather than fixate on investment performance.
Women take notice! You are good at this!
Join us today as I (Shea) interview Heidi Thompson about how women can use accessible resources to create the financial security they are looking for.