Participant

A 401k rollover occurs when you changes jobs or retire and as a result you are entitled to distribute or “rollover” your previous employer’s 401k to an IRA.

It is critical to avoid negative tax implications when performing a 401k rollover so it is important to know the 401k rollover rules. (read more)

When it comes to tapping your retirement savings, a basic rule of thumb calls for withdrawing from taxable accounts first and allowing tax-deferred traditional IRAs and tax-free Roth IRAs to grow as long as you can. But a growing body of research shows that you may be better off with a little more juggling.

In a recent study, researchers found that for some retirees, tapping part of a traditional IRA in the early years of retirement could pay unexpected dividends by reducing the size of required minimum distributions when they turn 70 1/2. Shrinking those taxable payouts could keep you in a lower tax bracket and actually boost your wealth over the long term. (read more)

The following document, which contains sample language for inclusion in a form for a QDRO and discussion of the sample language, was issued by the Department of the Treasury and the Internal Revenue Service in compliance with Congressional directives contained in the Small Business Job Protection Act of 1986, section 1457(a)(2). It appeared in Internal Revenue Bulletin 1997-2 at p. 49 (Jan. 13, 1997). This document was developed in consultation with the Department of Labor and is reprinted here for the convenience of the reader. (read more)

After years of hard work, you are looking forward to retirement. Choosing when to retire is an important decision and involves a number of issues you may want to consider in your retirement planning. The more you know before you start making decisions, the better off you will be in retirement.

This retirement toolkit is brought to you by the three federal agencies involved in key elements of your retirement planning and security: the Department of Labor, the Social Security Administration and the Centers for Medicare & Medicaid Services. (read more)