August 19, 2022

Can I Take a Lump Sum From My 401k When I Retire?

Can I Take a Lump Sum From My 401k When I Retire? Not sure how to withdraw money from your 401k when you retire? Can you take a lump sum? Be sure to fully understand all of your options before deciding to avoid a big tax mistake. Gary,How will my money be given out to…

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What to do with an Old 401k or IRA Account?
What to do with an Old 401k or IRA Account?

What to do with an Old 401k or IRA Account? What happens if you have an old 401k or IRA account from a previous employer? Most Financial Advisors will give you four options: First, just leave your account where it is. This is what most people do when the balance is above $5,000. Is this…

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Ask Bob: Is Maxing Out Your 401k A Good Investment Decision?
Ask Bob: Is Maxing Out Your 401k A Good Investment Decision?

Since the beginning of 401(k) plans in 1978, people have considered it to be the quintessential retirement plan—you get to save money before taxes and in most cases, the company puts money into your account, too. What could be better than that? But now, 44 years later, it’s time to take a broader look at…

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