by munnmorris | Feb 22, 2022 | Financial Planning
Despite the coronavirus pandemic’s impact in 2020, most retirement plan participants did not make trades, loan use fell, and only a small minority took withdrawals. Loan use declined by more than 20% in 2020. Only 13% of participants had an outstanding loan in 2020,...
by munnmorris | Feb 7, 2022 | Budgeting, economy, Financial Planning, Retirement
When it comes to saving for retirement, many people take a set-it-and forget-it approach. But not paying attention to your 401(k) and IRA accounts could cause you to miss valuable savings opportunities. Avoid these seven mistakes: Not contributing enough to get your...
by kevink | Feb 1, 2016 | Financial Journeys, Financial Planning
Inheriting IRA or 401(k) proceeds from a friend or relative can be a potentially huge windfall, but it can also be a sizable tax headache. For both the giver and the recipient, it’s worth getting some advice. Bank accounts, stocks, real estate and life insurance...
by kevink | Feb 1, 2016 | Financial Journeys, Financial Planning, Retirement
Create a plan to withdraw your minimum distributions on your terms, while complying with Uncle Sam’s Every day, an estimated 10,000 people reach the IRS trigger age when they must begin withdrawing money from their retirement plans. If you’re among them, it’s wise to...
