I’m sure most of you are glad the tax filing deadline has come and gone, although I suspect there are plenty of you that have postponed the inevitable with an extension. Either way, just getting through the April deadline seems to remove much of the anxiety surrounding taxes in general and can allow us to
Roth 401k vs Traditional 401k, Which is Best?
August 15, 2016 By
Recently, there has been renewed discussion about whether employee investors should make traditional pre-tax contributions into their employer-provided 401k plan or take advantage of the Roth 401k option. Over the past several years, many employers have added a Roth 401k option to their retirement plan offering, which is the basis for the increased discussion. What
Who is the beneficiary of your 401k or IRA?
January 2, 2015 By
This oversight could cost your loved ones dearly.
Something seemingly so easy as to declare the beneficiary of your 401k has caused heartache for many unsuspecting heirs, who are unintentionally left with nothing.
Take the case of Ben Langford, who worked at a privately owned company for 25 years. He named his wife of 38 years the beneficiary of his 401k account in the event he died before her. As it turned out, however, she died first.
Consequently, Ben smartly updated his account, naming his three grown children as the co-beneficiaries of his account.
