Search Results for: rollover now

If you have several IRAs or leftover 401(k) plans from previous employers, this is a perfect time to consolidate them in one IRA rollover account. Not only will this simplify your financial recorded-keeping, but it will create an opportunity to access one of the best and safest investment opportunities for your money. So don’t let […]

Have you noticed how much your 40l(k) plan has grown over the years?  There’s now nearly $11 trillion in these retirement plans – boosted by years of continuous investing in a bull market, and by employer matching contributions. And now as boomer retire, more than $1 trillion every year is “up for grabs” as 40l(k) […]

You worked so hard to accumulate all that money in your 40lk plan. And a huge bull market helped. But when you retire or move to a new job you might be much better off doing an IRA Rollover. The best reason to do a rollover is that the investment choices in 40l(k) plans — […]

“Chicken money” is money you can’t afford to lose. It’s that simple.  The amount of chicken money you need depends on your overall financial situation, stage in life, and risk tolerance.  Just about everyone needs some money that is not intended for ordinary spending and not part of your  investment program. Chicken money should be […]

U.S. Treasury Bill interest rates are still mostly higher than the comparable bank CDs. As of December 20, 2024, the yield on a 26 week (6-month) Treasury bill is 4.3%. That’s what you received if you participated in the weekly T-bill auction described below. It’s easy (see links below) and SAFE! And you can start with […]

Required minimum distributions (RMDs) loom for millions of seniors who have reached age 73. These distributions from retirement plans such as an IRA, 40l(k), or 403(b) must be completed by year end. Avoid the holiday rush, and contact your retirement plan custodian now. The rules are simple, but the penalties for failure to withdraw on […]

Whether your retiring and rolling over your 40l(k) or just starting to build your financial future, it pays to get trusted financial advice. The key word here is “trusted”! There’s plenty of financial advice around, but does it come from someone who is “on your side” – working to build your retirement – not theirs? […]

What’s inside your retirement plan?   That’s a question every boomer should be asking these days, according to Ron Surz,  of Target Date Solutions and the Baby Boomers in Jeopardy newsletter.  Surz has patented a “safe glide” strategy that he says will better protect retirees from the risks inherent in most Target Date Funds. For two […]

The most unexpected and costly expense of retirement is the need to pay for long term custodial care – a burden that is not covered by Medicare or supplements.  No one wants to think about needing help to eat or shower or do the basic activities of daily living.  But you ignore the possibility at […]