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Bequeathing 401(k)s, IRAs

Submitted by Jason Lina on Thursday, August 27, 2015 - 12:00pm

Think your estate plan is good to go right after you die, setting your heirs up for life? Depends: Many assets in your plan, such as your 401(k) and individual retirement accounts, must designate beneficiaries for any inheritance. Rules for specifying such heirs can be tricky and here are 11 common mistakes.

2 Jobs, 2 Retirement Plans?

Submitted by Sean Condon on Wednesday, August 12, 2015 - 3:00pm

Perhaps you make a nice salary at a day job and also run a small side business that’s taking off. Can you contribute to two retirement plans if you work two jobs? Good question (not to mention common), and the answer depends on the connection between your work and how you save.

Must-Dos for Your 401(k)

Submitted by Joseph A. Clark on Thursday, August 6, 2015 - 3:00pm

If you participate in a 401(k) retirement plan at work, you must constantly consider many choices: how much to save, whether to select a Roth option (if offered) or a traditional tax-deferred individual retirement account and what plan investment options to select. Your financial future depends a lot on you, and here’s what to know and do.

Finding a Bit More to Save

Submitted by Gary Brooks on Tuesday, August 4, 2015 - 12:00pm

Cut a pie into 100 slices and what do you have? Barely a nibble. Seemingly an inconsequential share of anything, 1% can actually make a tremendous difference to your financial security. Even fractions of a percent added to investment returns over time can redefine your life in retirement or your net worth.

Reducing IRAs’ Paperwork

Submitted by Sterling Raskie on Thursday, July 9, 2015 - 3:00pm

Over your working career you might well accumulate many individual retirement accounts, especially if you switch jobs frequently. Eventually your annual statements will start pouring in from all of these accounts and you’ll learn the modern stress of tracking all the accounts housing your golden years’ money. Here are tips to make this critical financial task easier.

Parable for Roth Conversion

Submitted by Harold Wong on Tuesday, June 30, 2015 - 3:00pm

Many boomers keep most savings in either 401(k) plans or traditional individual retirement accounts. If you’re in this generation, born between 1946 and 1964 and with a few working years remaining before retirement, consider converting your IRA to a Roth.