401k Rollover Info & More

Taxes seem to be a common question when it comes to our 401k accounts.  When you invest, that money is tax deferred, but we all know we’re going to get taxed at some point.  It’s inevitable.  The saying is “nothing is certain but death and taxes”.  Isn’t that the truth?  Well, we can’t do much about the death part, but we can educate ourselves about our tax responsibilities on the money we are investing.

So the question is do you pay taxes on a 401k rollover? Read the rest of this entry

A SEP IRA is an IRA that is designed to make it easier for business owners to provide retirement plans for their employees.  SEP IRA is an abbreviation that stands for Simplified Employee Pension Individual Retirement Account.  This type of account is easy for owners to manage, and it has the added benefit of allowing business owners to set up a retirement plan even if they have no other employees besides themselves.  That makes it incredibly popular among self-employed business owners. Read the rest of this entry

The Roth IRA is a retirement account that allows you to contribute after-tax dollars so that your investment can grow tax-free.  Instead of getting a tax break at the time you make your contributions, like you get with a 401k, when you invest in a Roth IRA you are able to withdraw money from the account without paying any taxes when you reach retirement age.  Read the rest of this entry

Your retirement years are something to look forward to. It’s a time in your life to be celebrated because you will have paid your dues in the workforce and now it is your time to do what you want, when you want.  You have retirement wishes and you may even wonder about the best places to retire.  However, this won’t be possible unless you are actively saving for your retirement today. Read the rest of this entry