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.

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.

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.

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.

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.

How Much Can You Truly Afford?

How Much Can You Truly Afford?

An old rule of thumb said that you could afford to buy a house that cost between one and a half and two and a half times your annual salary. In reality, there's a lot more to take into consideration. You'll want to know not only how much of a mortgage you qualify for, but also how much you can afford to spend on a home. In order to know how much you can truly afford, you need to take an honest look at your lifestyle and your standard of living, as well as your income and what you choose to spend it on.

For the Ladies: Planning for the Financial Impact of Children

For the Ladies: Planning for the Financial Impact of Children

Children are a special blessing and their arrival brings boundless love and joy into our lives that you can't put a price on. But adding a child to the household impacts the family budget (and women especially) in very measurable ways. Whether this is your first child or your fourth, here are some financial matters to think about and plan for before and after your child arrives.

Planning for Remarriage

Planning for Remarriage

Welcome to the “engagement season” where nearly 40% of engagements take place. Tomorrow is the day where a number of couples will decide to embark on a new journey of combining their lives. If you find yourself among the others, have you thought about the enormous responsibility of combining your personal finances with your spouse's, and reassessing the way you and your spouse structured personal finances as unmarried individuals? If not, you may want to start thinking about it!

How Grandparents Can Help Grandchildren with College Costs

How Grandparents Can Help Grandchildren with College Costs

As the cost of a college education continues to climb, many grandparents are stepping in to help. This trend is expected to accelerate as baby boomers, many of whom went to college, become grandparents and start gifting what's predicted to be trillions of dollars over the coming decades. Helping to pay …

Merging Your Money When You Marry

Merging Your Money When You Marry

Getting married is exciting, but it brings many challenges. One such challenge that you and your spouse will have to face is how to merge your finances. Planning carefully and communicating clearly are important, because the financial decisions that you make now can have a lasting impact …

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