What to Do with Your 401(k) Plan When Changing Jobs

What to Do with Your 401(k) Plan When Changing Jobs

When you change jobs, you need to decide what to do with the money in your 401(k) plan. Should you leave it where it is or take it with you? Should you roll the money over into an IRA or into your new employer's retirement plan?

As you consider your options, keep in mind that one of the greatest advantages of a 401(k) plan is that it allows you to save for retirement on a tax-deferred (or in the case of Roth accounts, potentially tax-free) basis. When changing jobs, it's essential to consider the continued tax-deferral of these retirement funds, and, if possible, to avoid current taxes and penalties that can eat into the amount of money you've saved.

Evaluating and Choosing Financial Professionals

Evaluating and Choosing Financial Professionals

Selecting the right financial professional means evaluating the services they can offer and their credentials, and finding someone whom you can rely on to give you good advice and/or service when you don't have the time or expertise to completely handle your financial affairs.

7 Tips To Minimize Financial Overwhelm When Your Spouse Has Died

7 Tips To Minimize Financial Overwhelm When Your Spouse Has Died

Losing a spouse is a stressful transition., and the added pressure of having to settle the estate and organize finances can be overwhelming. Fortunately, there are steps you can take to make dealing with these matters less difficult. We have gathered 7 tips to minimize financial overwhelm when your spouse has died and compiled them here.

5 Tools for Asset Protection in Estate Planning

5 Tools for Asset Protection in Estate Planning

You're beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern is for your personal assets or your business, various tools exist to keep your property safe from tax collectors, accident victims, health-care providers, credit card issuers, business creditors, and creditors of others.

3 Lessons to Teach Your College-Age Child About Money

3 Lessons to Teach Your College-Age Child About Money

When your child first started school, you doled out the change for milk and a snack on a daily basis. But now that your child has grown up it's time for you to ensure that your child has enough financial literacy to manage money at college. Learn the 3 lessons to teach your college age child about money here.

6 Steps to Begin Estimating Your Retirement Income Needs

6 Steps to Begin Estimating Your Retirement Income Needs

You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors. Learn the 6 steps to begin estimating your retirement income needs.

4 Tips for Investing to Reach Major Financial Goals

4 Tips for Investing to Reach Major Financial Goals

Go out into your yard and dig a big hole. Every month, throw $50 into it, but don't take any money out until you're ready to buy a house, send your child to college, or retire. It sounds a little crazy, doesn't it? But that's what investing without setting clear-cut goals is like. If you're lucky, you may end up with enough money to meet your needs, but you have no way to know for sure.

5 Common Factors Affecting Retirement Income

5 Common Factors Affecting Retirement Income

When it comes to planning for your retirement income, it's easy to overlook some of the common factors that can affect how much you'll have available to spend. If you don't consider how your retirement income can be impacted by these common factors you may not be able to enjoy the retirement you envision.

3 Ways To Balance a Retirement Portfolio with Asset Allocation

3 Ways To Balance a Retirement Portfolio with Asset Allocation

Balancing how much of each asset class you should include in your retirement portfolio is one of your most important tasks as an investor. That balance between growth, income, and safety/stability is called your asset allocation. It can help you manage the level and type of risks you face. Learn 3 Ways to balance your retirement portfolio with asset allocation.

Estate Planning: Protecting Your Assets

Estate Planning: Protecting Your Assets

You're beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern is for your personal assets or your business, various tools exist to keep your property safe from tax collectors, accident victims, health-care providers, credit card issuers, business creditors, and creditors of others

Keeping Your Business in the Family

Keeping Your Business in the Family

You may want to keep your business in the family, as opposed to selling it to an outside party or another business. If this is your plan, you should be aware of some of the issues that can contribute to the success or the failure of the business as it is transferred to the successor generation.

Understanding Defined Benefit Plans

Understanding Defined Benefit Plans

You may be counting on funds from a defined benefit plan to help you achieve a comfortable retirement. Often referred to as traditional pension plans, defined benefit plans promise to pay you a specified amount at retirement.

To help you understand the role a defined benefit plan might play in your retirement savings strategy, here's a look at some basic plan attributes. But since every employer's plan is a little different, you'll need to read the summary plan description, or SPD, provided by your company to find out the details of your own plan.

Health Insurance While Traveling

Health Insurance While Traveling

You were having a great time on your vacation--until your grand-daughter woke up from her nap with a fever. If you were at home, you'd take her to the pediatrician right away and rely on health insurance to pay for her care. But what do you do now that you are miles away? Here are some things you need to know about health insurance while traveling.

Have you thought if your father needs Long-Term Care Insurance?

Have you thought if your father needs Long-Term Care Insurance?

We live in an age of medical miracles. People live longer than ever before, and life expectancies are increasing at a steady rate. This means that many of us will be fortunate enough to still have our father with us as we ourselves reach retirement age. As our he ages, however, his health may decline, and the greater the chance becomes that he will require home care, nursing home care, or other assisted-living arrangements.

Celebrating the Father of SWMG

Celebrating the Father of SWMG

In June we celebrate a holiday that has become tradition to most households, Father’s Day.  This gives us a wonderful opportunity to celebrate the fatherhood of our accomplished CEO, Josh Strittmatter.  Josh is a father in many ways; a father to 3 beautiful girls, a father to a well-respected wealth management firm, and a father to an entirely new Strittmatter legacy.

/*================ ACTIVE CAMPAIGN TRACKING CODE START ================*/ /*================ ACTIVE CAMPAIGN TRACKING CODE END ================*/