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Roll Job 401(k) to an IRA?

Submitted by Sterling Raskie on Monday, December 15, 2014 - 3:00pm

At some point, almost everyone changes jobs – often leaving behind retirement plans such as 401(k)s. Conventional wisdom holds that you roll that old employer-sponsored plan into a new individual retirement account. But what kind of new IRA?

2 Helpful Tax Strategies

Submitted by Harold Wong on Tuesday, December 2, 2014 - 3:00pm

If you’re like most taxpayers, you have no clue about the most effective tax strategies for these financial vehicles – especially if you lack access to expensive accountants and attorneys. Here’s some guidance.

A New Job and Your 401(k)

Submitted by Megan Olson on Friday, November 28, 2014 - 12:00pm

Land a great new job? Awesome. Now is the perfect time to think about your 401(k) and retirement plan, whether you had one before or not. Saving for retirement is important at all ages, so don’t let this opportunity fall to the bottom of your list.

Converting to a Roth IRA

Submitted by Jeff Rose on Monday, November 10, 2014 - 3:00pm

Turning your individual retirement account into a Roth IRA is not a totally black-and-white decision. Understand the rules first, especially relevant tax laws.

Traditional IRAs are largely based on income tax deferral, which means you get a tax break on your contributions in the current year. In retirement, your withdrawals incur income tax.

Money Literacy: Why So Low?

Submitted by Larry Light on Tuesday, November 11, 2014 - 9:00am

Many Americans are woefully clueless about finance, to their detriment. But education programs to boost their financial knowledge don’t seem to make them any smarter regarding money. So we should scrap financial literacy endeavors, right? Wrong. We need more and better.

401(k): Safety in Allocation

Submitted by Tim Long on Thursday, October 23, 2014 - 3:00pm

Peaks and valleys of the market probably give you fits about your investments in retirement savings accounts. Nobody can tell when Wall Street’s ups will peak and its lows bottom out, but you can protect yourself with patience and a cool head.

Misguided 401(k) Asset Mixes

Submitted by Rick Kahler on Wednesday, October 22, 2014 - 9:00am

People often have lousy asset allocation in their retirement plans. Overdone risk avoidance and other behavioral tics combine to ensure they probably will not create the wealth they need to retire comfortably.

Here is a conversation I've had too many times: An acquaintance says proudly that he invests the maximum into his 401(k). I ask what allocation he's made between equities and bonds. He says he just divides his contributions equally among the four investment choices the plan offers. I cringe.

Spotting Good Mutual Funds

Submitted by Jeff Stimpson on Wednesday, October 15, 2014 - 3:00pm

The explosion of the 401(k) and decades of dwindling employer pensions powered mutual funds to dominance in the investing landscape. The funds, once meant to simplify investing for the little guy, flourished to the point of becoming almost as confusing to pick as individual stocks. What can you look for?

Acrophobia at Market Highs

Submitted by Lewis J. Walker on Thursday, October 9, 2014 - 9:00am

Despite a small slide in September and recent days' whipsawing, U.S. stocks remain near their all-time high. Should you worry that this bull market is ending? No. Such records are meaningless. Moreover, there’s a leeriness in the air – call it acrophobia, or fear of market heights – which usually is the opposite of a signal that a rally is doomed.