Category: 401(k) Plans

5 Big Changes to Roth Accounts in Secure Act 2.0

The Secure Act 2.0 was signed into law December 29th, 2022, bringing more major changes to tax law. Among the most notable changes include a

Inherited a 401(k) From a Parent? Tax Planning for Distributions

If you’ve inherited a 401(k) from a parent, you likely have questions about your options for the account and the tax impact. Luckily, non-spouse beneficiaries

Are Target-Date Funds A Good Choice For Your 401(k)?

Nearly every retirement plan offers target-date funds as investment options. But are target-date funds a good choice? The age-based method of setting your asset allocation

Rolling Over a 401(k) to a Roth IRA: Should You Convert to a Roth?

Updated for 2024. What are your 401(k) rollover options? You may consider rolling over an old 401(k) to a Roth IRA, which is properly described

How Does an IRA Rollover Work?

How to roll over a 401(k) to an IRA in 5 steps Rolling over an old 401(k) after you leave your job is easy, but

Retirement plans when you have employees

3 Retirement Plans for Small Businesses: How They Compare

What’s the best retirement plan for small businesses? Business owners with employees have several options: traditional 401(k) plan, SIMPLE 401(k), SIMPLE IRA, and SEP IRA

Should You Always Max Out Your 401(k)? The Downside of Pre-Tax Retirement Accounts

Is it always a good idea to max out your 401(k)? For wealthier retirees or individuals with a sizeable pension, you might not want to

Saving for Retirement with a 401(k) Plan

Updated for 2021. One of the most common ways Americans save for retirement is through a 401(k) plan offered at work. As 401(k) plan assets

Two Jobs, Two 401(k)s? Contributing to Multiple 401(k) Plans

Can I contribute to more than one retirement plan? This is a common question for individuals that have more than one job or run their

SEP IRA vs Solo 401(k): What’s the Best Retirement Plan for Small Business Owners?

Updated for 2022. Business owners have several retirement plans to choose from. For small companies, the SEP IRA and Solo 401(k) are the most common.