The Portfolio Solutions® Checklist for Managing Your 401(k)

When you participate in a company’s 401(k) plan, you have to play the hand you’re dealt. Your only options are the benefits and investments offered by your employer and the 401(k) provider. The limitations of 401(k) plans prevent many investment advisers from providing guidance, leaving participants to invest on their own.

5 Things to Know About the New Roth IRA Rule

In case you missed it: The Internal Revenue Service (IRS) announced a new rule recently that allows high-income earners to rollover after-tax money from their 401(k)s directly into a Roth individual retirement account (IRA) – tax free.

Typically, the money you contribute to an employer-sponsored retirement plan such as a 401(k) is in pretax dollars. Depending on your income, the new Roth IRA rollover option may be an incentive to build up your 401(k) even more with additional after-tax savings.

Who Needs to Be a Millionaire?

If art imitates life, what about game shows where a good plan and a little luck can lead to great rewards?

On the once popular game show, Who Wants to Be a Millionaire, contestants are allowed a series of lifelines to help them answer questions. For example, they can call a friend or poll the audience. If you feel confident that you already know the answer, you can save these lifelines for later as the questions progressively become more difficult.

What You Need to Know About Decumulation

The transition into retirement should be a carefree event. After all, you’ve spent a long career doggedly saving and investing to meet your future financial goals. However, as you near retirement, you may look at the money you’ve accumulated and wonder, Now what do I do with it? Namely, how do you appropriately fund your desired retirement and not outlive your money?

The 7 Financial Sins in Retirement

The first of a two-part blog series

Since antiquity, humans have consulted memorable enumerations to help guide their behavior. One of the oldest and most famous is the seven deadly sins – made popular in art, literature and pop culture, from Dante’s Divine Comedy to the movie Seven. What makes them so unforgettable and effective is that they are meant to serve as directions down the road to eternal damnation.

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