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3 Reasons IRAs Have Edge Over 401(k)s When It’s Time To Tap Your Nest Egg

July 16, 2018

A flood of retirement savings dollars moving from employer-sponsored plans suggests that retirees or workers nearing the end of their careers favor IRAs when it's time to tap the cash they've amassed. CLICK ON THE HEADLINE FOR MORE

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Florida’s ‘Holiday Money Hunt’ Awareness Campaign Wants To Help You Find Unclaimed Money For The HolidaysDecember 4, 2023 - 9:32 pm
The ‘Holiday Money Hunt’ is a public awareness campaign meant to help Florida families potentially find some extra money they may not have known was owed to them in time for the holiday season. According to a release from Florida’s Chief Financial Officer, the state has about $2.9 billion in unclaimed property ready to be found by unknowing residents. Find out how to check if that money belongs to you.
Six Charitable Giving Strategies: Feel Good And Cut Your TaxesNovember 27, 2023 - 10:50 pm
There are many positive effects of donating beyond helping those in need. If you have experienced a high-income year, it is advisable to take advantage of charitable contributions to help you lower your taxable income.
IRS Resumes Sending Some Collection NoticesNovember 20, 2023 - 10:58 pm
For nearly two years more than a dozen automated collection letters and notices associated with the filing of a tax return or payment of tax have been on pause. Catching up from its backlog, the IRS has started sending out notices in limited circumstances.
You May Be Able To Deduct More From Your Income In 2024, IRS Says.November 13, 2023 - 7:51 pm
The IRS announced annual inflation adjustments for tax year 2024 in a Nov. 9 news release. More than 60 provisions were revised, including standard deductions and all seven tax brackets. The changes will apply to income tax returns filed in 2025. Here’s how the revisions will impact you.
IRS Announce 2024 Cost of Living Adjustments For Retirement PlansNovember 6, 2023 - 8:30 pm
The COLA adjustments applicable to dollar limitations on benefits and contributions for retirement plans generally effective for Tax Year 2024 were just announced.
Here’s Where Financial Experts Are Stashing Their Savings (And So Can You)October 30, 2023 - 10:19 pm
Choosing the best savings account is more than just getting a bigger return on your money, though that’s essential. Experts recommend selecting an account based on your goals, risk tolerance, time frame and other factors. So where are personal finance professionals stashing their own savings? CNET Money’s Financial Review Board give their expert advice.
IRS Offers Way Out For Businesses Worried About Employee Retention Credit AuditsOctober 23, 2023 - 7:09 pm
The IRS announced Oct. 19 that it has officially created a special withdrawal process for businesses that have submitted an ERC application but have yet to receive any money. The goal is to offer small-business owners a way out if they now feel they had been tricked or pressured into filing a misleading or ineligible claim.
The IRS Is Going Paperless: Here’s How That Will Change Your TaxesOctober 17, 2023 - 12:02 am
In an effort to modernize tax filing, the IRS is working to be paperless by 2025. The process will certainly come with benefits for taxpayers – including faster processing times – but there will be some drawbacks as well.

Tag Archive for: flexible waithdrawal options

3 Reasons IRAs Have Edge Over 401(k)s When It’s Time To Tap Your Nest Egg

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