Retirement Planning and Retirement Strategies
Planning for retirement can be scary. The rules for IRA accounts alone take up a 114 page IRS guide - Publication 590 Individual Retirement Arrangements.
Not only that, but the unfortunate truth is that the amount of money necessary to create a monthly income stream sufficient to meet your needs is daunting.
These days it is all about retirement. Why?
In a word: Baby Boomers (ok, two words). If you were a financial advisor, you would have heard at least a thousand times over the last few years about the TRILLION dollar opportunity that exists as Baby Boomers move their 401(k)s, pensions, and savings to IRAs or other investment vehicles.
Not only that, but retirement will be the biggest financial decision everyone makes (or doesn't make) in their life; way more than a house, and much more than paying for college.
These retirement planning guides will help you understand investing in accounts like 401k plans, IRAs, Roth IRAs, and more.
401(k) Information Primer
Get the all basic information you need to know in order to effectively manage your 401(k) with the 401k Introduction.
Get the low-down on 401(k) loans here in this article and read about the giant gotcha that most people miss when they sign up for a 401(k) loan.
457 Plan Information
Information about 457 plans is here.
403(b) Plans Information Guide
IRA Information and Taxes
Contribute to Both 401K and IRA?
Roth IRA Primer
Want to save money for retirement, watch it grow tax-free, and then take it out tax-free? The Roth IRA is for you.
Convert traditional IRAs and 401(k) accounts to a Roth IRA by doing a conversion. Roth IRA conversion rules and taxes.
Beneficiary IRA Rules and Information
IRA accounts can accumulate a lot of money inside of them. That means that even after the original account owner dies, there could be significant investments left inside of an IRA. The recipient of that account has certain IRA beneficiary rules that need to be understood.
RMD Waiver 2009 Rule
Retirement account investors may benefit from skipping 2009 RMDs thanks to a new law passed by Congress.