The IRS just released their annual 401k contribution limits and regulations for 2012. Here's a brief look at what's changing.
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If you are experiencing financial hardship and you feel you need to access the money in your 401(k), you can either borrow money from you 401(k) plan or utilize a hardship withdrawal. Before you do, you should know what it is, and the pros and cons.
The 401(k) is a retirement account that offers tax breaks to anyone saving for future years, which has made it an attractive option for millions of people. If you work for a company that offers 401(k) plans as a part of its benefits package, opening one can be a piece of cake. But if you are self-employed or the sole owner of your own business, you can also open a 401(k) with a minimum of fuss and hassle.
Everyone needs a retirement investment plan. Today we have many vehicles to use to build up a nest egg. Investment strategies should vary based on age, taking more risk while you are young to spur growth while trying to limit risk later in life to protect your assets. Preservation of capital becomes more and more important as we approach retirement.
Need to convert a 401k to Roth IRA? It is very rare today to stay with one company through a career. Use these steps to convert a 401k to a Roth IRA.
One of the questions that many people have as they plan for retirement is whether they should fund a 401k or an IRA first. The answer depends on what you are trying to accomplish with your retirement fund.