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3 Times When an IRA Rollover May Not Be the Best Strategy

1/25/2018

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​Does much of your retirement savings exist inside your company’s 401(k) plan? You’re not alone. The 401(k) is a widely-used retirement savings vehicles. Your 401(k) plan likely offers tax-deferred growth and matching employer contributions, the combination of which can power your retirement asset accumulation.
 
When and if you ever leave your employer, you may face a choice about what you should do with your vested plan balance. Conventional wisdom is to roll the 401(k) balance into an IRA. When you do a rollover, you avoid taxes and penalties, and you may gain access to a wider menu of investment options.

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401(k) Loans: What You Need to Know

9/22/2017

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​If you’re like many working Americans, your 401(k) may be one of your largest assets. If you regularly contribute to your plan and even receive matching contributions from your employer, your 401(k) balance can accumulate quickly.
 
Your 401(k) plan is designed to serve as a retirement savings vehicle. To encourage long-term savings, 401(k) growth isn’t taxed as long as the funds stay in the account. That tax deferral can often help funds compound at a faster rate than they would in a taxable account. You pay taxes on your 401(k) funds when you take distributions, and if you take a withdrawal before age 59½, you could also face a 10 percent early withdrawal penalty.

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3 Important Benefits Decisions to Help Save for Retirement

9/8/2017

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​Benefit enrollment season is coming up. Even if you don’t need to enroll in new benefits with your employer, it is a great time to review your current benefits and see if any changes are necessary.
 
Unsure which changes you need to make? Choosing the right employer benefits depends on your unique needs, goals and financial situation. However, if one of your primary goals is to save more money for retirement, then there are a few changes or adjustments you may want to consider.

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8201 Westminster Blvd, Suite 202
​Westminster, CA 92683
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P: 714-989-6699
F: 714-455-3687

Advisory Services Offered Through Change Path, LLC an Investment Advisor.  Tommy Mai Financial and Change Path are not affiliated.
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Licensed insurance professional. CA Insurance License number 0H19677. Respond and learn how various financial products including life insurance and annuities can be used in various planning strategies for retirement. ​

This information is designed to provide a general overview with regard to the subject matter covered and is not state specific. The authors, publisher and host are not providing legal, accounting or specific advice for your situation.

16891 - 2017/8/14
  • Home
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    • Kimvy Nguyen
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