Financial Symmetry News & Views

Posts Tagged ‘401k and Similar Plans’

Tax payers have until April 18th of 2011 to make their Roth contributions for the 2010 tax year. If you are within the income limitations to make contributions, a Roth IRA is an excellent investment account as investment growth is tax deferred and withdrawals in retirement can be tax free.

At Financial Symmetry, we can help you decide on what to do with your inactive qualified plan and multiple IRA accounts. Whether you are changing jobs, entering retirement or simply wanting to consolidate your accounts, we can help you with each step of the rollover process.

Chances are, you know somebody who has made a vow to go to the gym twice or three times a week, and even bought a gym membership, and never gets around to going.  You probably also know people who don’t put money in their company’s 401(k) plan, even though the company matches some or all [...]

Have you ever had the pleasure of receiving an audit letter from the IRS?  You walk back from your mailbox with the fearful nervousness that you may owe more in taxes than you had originally thought.  You slowly remember that you rolled over your old 401k to an IRA last year, and are confused as [...]

If you invest in your employer sponsored retirement plan you have probably heard of Target-Date funds.  These funds are characterized as investments that change the allocation of stocks, bonds, and cash according to your specified retirement date.  In theory, these funds should progressively reduce risk exposure as the target date approaches.  However, there are no [...]

Have you made your 2009 Roth IRA contribution?
If you have not yet made the maximum contribution, you still have time!  Tax payers have until April 15th of 2010 to make their Roth contributions for the 2009 tax year.  If you are within the income limitations to make contributions, a Roth IRA is an excellent investment [...]

Finding the motivation to save can be just as difficult as motivating yourself to diet and exercise. In both cases you know the outcome will be worthwhile — financial security and better health. However, taking the steps to get there is easier said than done.

Natalie Choate, a respected resource on retirement plans/IRA rules and writer for MorningstarAdvisor.com, recently addressed some financial planning issues that Same-Sex couples face.

In the current economic environment employers are evaluating all of their cost cutting options, which may lead to suspending or reducing their 401k match. Here are some questions you should ask yourself when deciding if you should continue contributing to your 401k plan.

Allison Berger, CFP®, was recently quoted in Investment News. “It’s been one of my goals to work with young professionals and help them get started on the right foot,” she said.