Summary: for the financial advisor who is not in the 401(k) business and wants to be or the financial advisor who wants to dramatically increase their small book of business, this is the perfect time. With dramatic changes in the industry involving fee disclosure, the definition of fiduciary, and target date funds, financial advisors who are serious in doing a top notch job as a 401(k) advisor will find plenty of opportunity to develop and increase their book of business. as I always say, if you don’t do it right, …

Rolling over a 401(k) to an IRA?? Easy. Taking your IRA money and converting it into a Roth IRA?? Expensive to be sure, but not overly complicated.? Moving a SIMPLE IRA anywhere?? be careful!
Due to the intricacies of the tax law, rolling over a SIMPLE IRA into another qualified plan – be it a 401(k) or an IRA – isn’t straightforward. if you’ve been active in your SIMPLE IRA for less than two years, understanding the SIMPLE IRA rollover rules might just save you a small fortune.
Why Rolling Over a …

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Are you having difficulty getting the pension or 401(k) plan funds you worked years to earn? Five pension counseling projects, funded through the U. S. Administration on Aging and serving plan participants and their beneficiaries in 22 states, can help.
Be Certain to Get the Pension You Earned

Sometimes when individuals start using ‘financial talk’, some of the rest of us get lost in the dust. Phrases like “401(k), 503(b), Traditional IRA, and Roth IRA” sound like another language. as a result, many people are overwhelmed by the many options, and so they choose a terrible alternative – to do nothing.
This is not a strategy I recommend. instead, slowly wade through all the options and make an informed choice. When it comes to saving for retirement, any choice is better than doing nothing.
Today, I’m going to help walk …

Dear Tax Talk,I withdrew $40,000 from my SEP IRA due to being unemployed. I want to spend $10,000 on going to a tech school to get certifications and increase my chances to find work. I do not plan on getting financial aid next year. The IRS rules state an accredited institution can reduce the 10 percent (early withdrawal) penalty, but the school does not know if it is an accredited institution and refers me back to the IRS rules. How do I find out if it is an accredited institution? …

The most you can contribute to an IRA or 2010 is $5,000.? however, if you were age 50 or older on December 31, 2010, you can contribute an additional $1,000, for $6,000 total.? in order to contribute to a regular IRA, you must have earned income in excess of the amount you wish to contribute.? (If not but you are married, you might still be able to contribute to an IRA via a spousal IRA.)
Although anyone under 70 ? with earned income can contribute to an IRA, only certain individuals …

Around this time of the year, it’s all too easy to spend your way into debt. You can do a great job saving for eleven months just to blow it in December.? But no matter the length of your gift list this holiday season, one person simply can’t be left off your list: you.? have you made a 401(k) contribution this year? have you set up and funded an IRA – either a Roth IRA or a regular IRA?? have you created an emergency fund?? Sure, it’s more fun to …

Things you can do before and for the new Year.

The end of the year is a good time to review your personal finances. what are your financial, business or life priorities for 2011? Try to specify the goals you want to accomplish. Think about the consistent investing, saving or budgeting methods you could use to realize them. Also, consider these year-end moves.
Think about adjusting or timing your income and tax deductions. If you earn a lot of money and have the option of postponing a portion of the …

The beginning of a year can be a good time to perform a 401(k) check-up. and before that, a timely reading will be this recent feature from USA Today on a study of how American employees invest their retirement fund in 401(k) accounts.
The biggest finding from the survey of 1.8 million 401(k) account holder is: 21.9% of 401(k) balance is invested in company stock. Considering that the Enron debacle that wiped out the lifetime savings of thousands is still in recent memory, it is surprising to see many people are …