Are 401(k) Rollovers Expensive?


Generally, most 401(k) rollovers are a tax-free event. However, if you perform an indirect rollover, you have 60 days to use those funds before contributing them to your new retirement plan. There may be tax withholding on those funds.

Learn about common 401(k) rollover mistakes: https://www.irafinancialgroup.com/learn-more/solo-401k/401k-rules-regulations/common-401k-rollover-mistakes/

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About IRA Financial:

IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.

IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.

IFG is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.

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Where Can You Build Wealth Now?

In a low interest rate environment like we have today, it can be frustrating to build serious wealth. At least it seems to be. If you earn 1% in a certificate of deposit at the bank, it will take you 72 years to double your money.

The Biggest Wealth Builder in 2011?

It’s no secret my favorite places to invest have been in commodities and in particular gold and silver mining stocks. I haven’t always been investing in gold and silver, only when the cycles indicate it’s the right time to own it. The cycle has years to go, but if you are lucky enough to see the metals pull back sharply, I’d be a buyer. If you haven’t started yet, at least a 5% position is a start.

Personal Finance: Build Your Castle in the Air

It is said (author unknown) that a neurotic person builds a castle in the air, a psychotic moves into it and a psychiatric collects rent. But before you dismiss this idiom as an old adage, think of this other expression: be careful what you wish for because it may come true. The truth is, we become what we predominantly think about and we also attract what we think about.

What Kind of Retirement Income Is Right For You?

The vast majority of people who have planned for retirement use a combination of their options to live on once they retire. But how do you figure out which are right for you? That depends on several things. Following is a list of considerations to keep in mind when trying to determine what kind of income you want coming to you during your retirement years.

Financial Planning and Inflation

Inflation is a big part of financial planning, since it is one of the biggest reasons why people do not achieve their long-term goals.  Inflation is the general increase in costs to buy goods over time.

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