Starting A Family Archives - Page 25 of 38 - Hanover Mortgages

Can You Rollover a 403b into a Traditional IRA? Absolutely!

January 14, 2023 by Brett Tams

With most people transitioning through several employers during their career, it is fairly common for them to leave a trail of employer-sponsored retirement accounts behind. While itâs possible to let each of these accounts continue growing on their own, this is rarely the best option for your finances. In fact, you would almost always be […]

The post Can You Rollover a 403b into a Traditional IRA? Absolutely! appeared first on Good Financial CentsÂ®.

Solo 401(k) Rules And Contribution Limits In 2022

January 14, 2023 by Brett Tams

If youâre self-employed or youâre a small business owner with no employees other than a spouse, a Solo 401(k) or individual 401(k) can help you save considerably more for retirement than you could with just an IRA. This type of account comes with astronomical contribution limits ($58,000 in 2022) when you consider both the employee […]

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You Just Got More Control Over Your Retirement Account: Delayed RMDs and Beyond

January 13, 2023 by Brett Tams

In December, the Biden Administration signed into law the Secure 2.0 Act, a fairly sweeping update to how the government handles tax-advantaged retirement accounts. Like the previous retirement bill passed in 2019, SECURE (Setting Every Community Up For Retirement Enhancement), â¦ Continue reading â

The post You Just Got More Control Over Your Retirement Account: Delayed RMDs and Beyond appeared first on SmartAsset Blog.

Converting to a Roth IRA: Is it right for you?

January 13, 2023 by Brett Tams

Get the pros and cons of converting your retirement assets.

The post Converting to a Roth IRA: Is it right for you? appeared first on Discover Bank – Banking Topics Blog.

Converting to a Roth IRA: Is it right for you?

January 13, 2023 by Brett Tams

Get the pros and cons of converting your retirement assets.

The post Converting to a Roth IRA: Is it right for you? appeared first on Discover Bank – Banking Topics Blog.

401k Investment | Maximize Your Contributions

January 13, 2023 by Brett Tams

The 401k plan is the very best retirement plan available to the average American. If the plan is offered through your employer, you should absolutely take advantage of it. And along the way, do whatever you can to maximize your contributions, as well as the performance of the plan. How To Maximize Your 401k Investment […]

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Executive Deferred Compensation Plans

January 13, 2023 by Brett Tams

Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you â¦ Continue reading â

The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.

Doing the math: How much will you need for retirement?

January 13, 2023 by Brett Tams

Donât make assumptions about retirement. Determine what youâll really need.

The post Doing the math: How much will you need for retirement? appeared first on Discover Bank – Banking Topics Blog.

Distribution Rules for SEP IRAs

January 13, 2023 by Brett Tams

When I crossed over from W-2 employee to being self-employed and co-founded our investment firm, I was excited about the plethora of business retirement plans that I now had at my disposal. One such option (which ended up being the one I went with) is the Simplified Employee Pension (SEP) IRA. A SEP IRA and […]

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When Is the Roth Conversion Deadline?

January 12, 2023 by Brett Tams

The deadline for converting funds in retirement and other accounts to a Roth IRA is Dec. 31 of the year for which taxes will be owed on the converted funds. Retirement savers may want to convert a different type of â¦ Continue reading â

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