Passionate about LIFE Insurance and Helping You Protect the Love's in Your Life
What is a SEP IRA?
If so… you have four options when leaving an employer where you have contributed to their 401k plan.
Keep it in your current plan
Transfer current 401k plan to new 401k plan with new employer
Cash out your 401k
Rollover – Move it to another qualified retirement account.
You’ve done all the work on important issues… when it comes to protecting those you love. Now make sure all your documents are in safe keeping and that someone knows where to find these documents. One of the main reasons for your “think ahead planning” is to ease the burden to your love ones… so don’t over look the fact that someone needs to know where to find all the paperwork.
Commonly there will be 3 people with a set of your crucial documents: (more…)
Inherited IRA aka: Beneficiary IRA
An Inherited IRA is an individual retirement account (IRA) that is left to a beneficiary after the owner’s death and usually are received from a parent, but can be from anyone other than your spouse.
IRAs are among the largest assets left to beneficiaries. Since Inherited IRAs are specifically (more…)
A Rollover IRA is one of the several IRA types available. The Rollover IRA is used to hold funds from a company retirement plan (401k plan) after you leave the company. There are different ways to invest the money in a Rollover IRA and there is no limit on the amount of money you (more…)
