Rolling Your 401k

When we start out work for the first time, we believe that we would stay with the same company until retirement and have a comfortable retirement life with all the money we have saved in our 401k account. Unfortunately this does not happen. In present day and time, we end up changing jobs several times... Read more »

Income Tax Burdens For the Non-Spouse Beneficiary: Perils of Failing to Roll a 401k into an IRA

Have you heard about a “stretch IRA” and wondered if it was some special kind of IRA? Well, it isn’t. In the simplest terms, a stretch IRA is an IRA that has a beneficiary designation that provides for the possibility of maintaining the tax deferred status of the IRA after the death of the IRA... Read more »

Insurance Claim: Old Age Retirement, Survivors Benefits

The Management of the National Social Security and Insurance Trust (NASSIT) is highly concerned about the large number of applications for Old age and/or Survivors’ benefits sitting in the Customer Service Center, which cannot be processed. An application for Old age or Survivors’ benefit cannot... Read more »

Little-known retirement income strategy creates guaranteed lifetime income; increasing liquidity

Eye-opening Retirement study reveals retirement income strategy that ends retirees’ liquidity-guarantee trade-off dilemma (Springfield, Mass.) - A portfolio incorporating stocks, bonds, and incremental purchases of annuity income benefits over time – a process called retirement annuity laddering... Read more »

Keep Pension Funds Safe !

‘Having pension funds insure bonds seen as too risky’ ~ is the conclusion of Reuters recent analytical article by Joan Gralla: “NEW YORK (Reuters) - A proposal by California to use state pensions to back municipal bonds is drawing criticism from some other U.S. states and investors... Read more »

How Much to Invest In Annuities for Retirement?

There are no limits on the amount that you can invest in an annuity to ensure your comfortable retirement income. Annuities thus complement to 401(k) or an IRA,investments, which do have such limits. You can opt for a deferred or immediate annuity. In either case, how much to invest in annuities depends... Read more »

Tips and Helpful Hints When Choosing a Beneficiary for an IRA and 401k

By Bill Broich Choosing a beneficiary for your retirement account is an extremely important decision. Often the decision is pre-empted if a you are married because specific rules are in place. Under normal situations, most married people will name their spouse as the beneficiary of their retirement accounts.... Read more »