Monthly Archives: March 2014

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Savers Beware

Our government is at it again.  The proposed 2015 budget coming from the White House includes a few modifications to retirement accounts.  Most of the proposed changes reared their ugly heads in last year’s initial budget proposal, but all were eventually nixed before becoming law.  One new piece of legislation, however, targets Roth IRA accounts and would require those accounts be subjected to the same annual Required Minimum Distribution rules...

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Nothing wrong with free money, and the 401(k) structure and governing rules provide investors with a fantastic retirement savings tool.  One troubling trend, though, as evidenced in recent industry studies indicates that many employees are cashing out their 401(k) account balances when switching jobs.  Rather than executing a rollover of their assets to the new employer’s retirement plan or a self-directed IRA, avoiding taxes and penalties, 30-40% of Americans making...

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