Comments on: The Cost of Your 401k Plan After Retirement

By: Mobility Products

Mobility Products — Fri, 13 Aug 2010 09:20:49 +0000

If you are the plan participant and your employer offers a designated Roth 401(k) program, the employer must also offer a traditional 401(k) plan. As such, you will need to decide which is better for you. Roth 401(k) contributions are usually more suitable for individuals who will be in a higher tax bracket during retirement, as the tax-free growth allows them to avoid higher taxation on their retirement savings.

By: hayfever relief

hayfever relief — Wed, 11 Aug 2010 15:58:12 +0000

The reason why so many 401K plans suck is because it is typically your HR department that selects the final plan. Not your CFO or your treasurer, but the person administering your company’s overall benefits who is typically trying to keep costs down for the company as a whole. One easy way to reduce corporate costs – give your employees a crappy 401K plan

By: new communities in pullman

new communities in pullman — Wed, 11 Aug 2010 14:55:58 +0000

Those fees feel like an entrapment. But then, some of us don’t really have much of a choice with this matter. After all, it’s better to have a retirement plan — any retirement plan — than to have none at all.

By: Save The Queen Clothing

Save The Queen Clothing — Fri, 06 Aug 2010 15:56:27 +0000

Anyone who is enrolled in a corporate 401k plan, within 30 years of retirement, and doesn’t know these basics, probably doesn’t have they’re portfolio properly invested

By: LED Light Bulbs

LED Light Bulbs — Mon, 26 Jul 2010 08:06:58 +0000

f your employer filed bankruptcy and you left your 401K balances in the plan before the bankruptcy filing, you will have a very difficult time getting your money. The Employment Retirement Income Security Act was passed in 1974 to protect the money that a worker contributes into a 401K and it does so by requiring that funds are placed into a custodial account. A custodian is an independent third party separate from the employer who holds the funds for the employee. Typically this is a 401K plan provider. It does not protect your account value from decreasing. The Act does not protect an employee from the reality of bankruptcy court.

By: Queen Anne Furniture

Queen Anne Furniture — Fri, 23 Jul 2010 22:34:06 +0000

IRA roll over s such a good idea and flexibility in investment opportunities. But we have to be aware of the negative side. If you plan for a loan, you could wind up leaving your employer before you could pay your loan. Well, we have to weigh the pros and cons.

By: Witchcraft Videos

Witchcraft Videos — Fri, 23 Jul 2010 00:13:34 +0000

I advise looking for a 401(K) adviser which is paid by performance instead of percentage fess.

By: William

William — Thu, 22 Jul 2010 20:27:47 +0000

I prefer the Roth IRA myself; considering what I make, might as well pay the taxes now! (Not to say that I’d turn down a 401(k) if it had an employer match!)

By: Portland Magician

Portland Magician — Wed, 21 Jul 2010 23:16:46 +0000

I was layed off and now am in business for myself. I read Ramit Sethi’s book “I Will Teach You to Be Rich” and he recommended a Roth IRA so I took my 401(K) and now have a Roth with Vanguard.

By: dog health information

dog health information — Fri, 16 Jul 2010 17:57:45 +0000

I don’t think an IRA is worth it in this really bad economy. Fees plus withdrawal penalties. Plenty of middle aged or even younger people are needing their cash because they are losing money or a job and can’t wait till retirement.