When you leave a job, it’s important to make sure the cash you stashed in your 401(k) follows along. Some are tempted to cash out the account and suffer the penalty, but the savvy choice is to roll it over into a new account. [More]
Help! My Tax Stimulus Rebate Was Direct Deposited Into My IRA! Noooo!
By May 1, 2008
Silly tax payer! You’re not supposed to deposit your tax rebate into your IRA. You’re supposed to spend it on blu-ray players and expensive diet pills and GPS systems! No more maps for you! Sadly, if you asked the IRS to deposit your tax refund into your IRA, they’re going to deposit your rebate there too.
IRS: 10 Reasons To Put Off Saving For Retirement
By June 20, 2007
Maybe I won’t live long enough to retire. Life is so uncertain. Why should I miss out on the high life now when I might not even need to have money put aside for my old age? (If married, change pronouns in this reason to the plural.)
Leaving Your Job? Don't Forget To Take Your 401k
By February 25, 2007
401k’s are critical long-term investments too often forgotten by job-switchers. They are vastly more important than the staplers and pens most people remember to box up.
Consider: Some 7.5 million Americans took about $440 billion in distributions from their 401k plans in 2004, according to Brightworks Partners research. Of the 7.5 million, 6.25 million were job changers and 1.25 million retired. Of the 7.5 million, 55% had 401k balances greater than $5,000.
Thanks to a law enacted in 2005, people leaving their jobs with less than $5,000 in their 401k automatically have their plan rolled into an IRA.
H&R Block Execs Gave IRA Fraud Big Hug, Spitzer Says
By May 9, 2006
The cock just keeps rocking at the H&R Block terrordome.
