2,016 results found
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What information does an employer have to give regarding a 401(k) plan?
Any employer who offers a 401(k) retirement plan is required to provide each plan participant, free of charge, copies of the summary plan description, the summary annual report, and an annual statement of the participant's account. In addition, every participant has the legal right to request, in writing, a host of oth
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What to Know About Mortgage Escrow Accounts
When you finance your home with a mortgage, your lender will likely require you to maintain an escrow account. With this setup, a portion of your monthly mortgage payment is set aside to cover your annual property taxes and home insurance premiums.
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SECURE Act: How it Can Affect Your Estate Planning
When Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act — which took effect on Jan. 1, 2020 — it created a mixed bag of benefits and new requirements for Americans saving for retirement. The law was also a way for the government to get access to retirement savings sooner so that mone
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The Key to Becoming Rich: Always Pay Yourself First
When your paycheck hits, the first “bill” you pay isn’t your landlord, your internet provider, or the grocery store. It’s you.
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Three Replacements for Stretch IRAs
The elimination of the Stretch IRA is a game changer, especially for parents who were considering bequeathing savings in IRAs to their kids. "For a lot of people, the bulk of their wealth has been established in their IRAs," said Michael Repak, vice president and senior estate planner with Janney Montgomery Scott. "Thi
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What is a Trusted Contact? Do You Need One?
If you’ve not heard of the idea of a “trusted contact” for your brokerage account, you’re not alone. It’s a relatively new concept: In 2018, the
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How Secure Are Your Financial Accounts And How To Protect Yourself
It's a new year and we have a new President of the United States, but that doesn't mean that the world has changed all that much. Just like before, identity theft is on the rise, and more people than ever would love to get their hands on your Social Security number and account passwords. Much of this information is bou
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I’m Retired. Should I Pay Off My Mortgage?
It’s 5 p.m. on a Tuesday, and you tune in to a radio show as you sit in gridlocked traffic.
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What is a rollover IRA? How to transfer funds from your 401(k) to an IRA and avoid taxes
Summary List PlacementIf you have an employer-sponsored plan like a 401(k), you might wonder what happens to your money when you leave the job — either for a new gig, to work on your own, or to retire early. A rollover IRA is one alternative. It could be a smart choice if you're looking for more investment options, low
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6 ways to level up your education benefits for a more inclusive workplace
Talent officers and learning and development professionals have a tall order right now. As employers look to bounce back from the coronavirus-induced recession, many are experiencing long-term shortages in their workforce, with open positions available but the right talent becoming increasingly difficult to attract and