401ks & IRAs

More in 401ks & IRAs

How to Withdraw From IRA Accounts at 60 Years Old

Once you reach the age of 60, you can breathe a sigh of relief. You've outlived traditional IRA early withdrawal penalties and restrictions established by the Internal Revenue Service. And if you own a traditional IRA, you haven't yet seen the boom of required minimum ...

How to Transfer an IRA From One Brokerage to Another

Direct transfers allow you to move your IRA money from one brokerage to another without actually taking possession of the funds. Most brokerage firms use the Automated Customer Account Transfer Service (ACATS) electronic system to ensure accurate and timely transfers between ...

How to Find Money in an Old 401(k) Account

If you have lost track of an old 401(k) account, the funds could still be sitting there waiting for you to claim them. You may have moved and forgotten to give your new address to your former employer. Companies also go through reorganizations or mergers and may lose your ...

How Is a 401(k) Paid Out Upon Death?

When you die and leave behind a 401(k) account, your beneficiary will have to deal with the tax consequences. Internal Revenue Service rules offer options for plans regarding the payout choices to the beneficiary. The payout terms of the plan and your relationship to the ...

Can a Parent Help an Adult Child With a Roth IRA?

Every parent wants their child to be financially secure, even after the child has grown up and left home. Especially in their early working years, your children may benefit from putting money in a Roth IRA because they are in a low tax bracket, but might not have have the extra ...

Rules for Trading Stocks in an IRA Account

The main benefit of trading using your individual retirement account, or IRA, is that your gains do not have to be reported on your taxes. On the other hand, IRA brokerage accounts have restrictions against the use of strategies and tactics that many traders use to boost ...

Can You Use Your 401(k) Funds for Purchasing a Second Home Without Tax Penalties?

To discourage you from raiding your retirement plans early, the Internal Revenue Service tacks on a 10 percent tax penalty to nonqualified withdrawals from your 401(k) plan. Depending on your age and your circumstances, you might be able to use your 401(k) plan for a second home ...

Roth IRA vs. SEP if Self-Employed

There is no perfect retirement account, even if you're self-employed. While small business owners enjoy a little more flexibility when they determine their retirement options, calculating whether to invest in an Roth individual retirement arrangement or a simplified employee ...

60 Day Withdrawal From an IRA

The Internal Revenue Service prohibits you from taking a loan from your individual retirement arrangement or even using it for collateral for a loan. However, if you have a short-term cash need that you know will be satisfied within 60 days, you might be able to use a short-term ...

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