Word: iras
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Dates: during 2000-2009
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...Stephen Butler, author of 401(K) Today, suggests that people like Hermes roll over 401(k) money directly into an individual retirement account, which your ex-employer can do. Don't take that check. Have it sent directly to the financial institution that you've chosen to hold your IRA. "If you take the money, your employer will withhold 20%," says Butler. "That's $1,000 out of, say, $5,000. Then you have to come up with the $1,000--the missing 20%--out of your own pocket so the amount deposited into the new IRA is exactly...
...lightweights will return to the Cooper River on June 1-2 to compete in the IRA Championships. Radcliffe has captured five national championships in the past, but must overcome Wisconsin and Princeton to garner another...
...Stephen Butler, author of 401(K) Today, suggests that people like Hermes roll over 401(k) money directly into an individual retirement account, which your ex-employer can do. Don't take that check. Have it sent directly to the financial institution that you've chosen to hold your IRA. "If you take the money, your employer will withhold 20%," says Butler. "That's $1,000 out of, say, $5,000. Then you have to come up with the $1,000--the missing 20%--out of your own pocket so the amount deposited into the new IRA is exactly...
...York-based financial planner Melissa Levine says an IRA also gives you more flexibility. Instead of picking from a handful of mutual funds, an IRA offers infinite choices: stocks, bonds and funds. There are drawbacks: you can't borrow against your savings, as you can with a 401(k). But if you lose your job, you'll have to pay back any loans against your 401(k) anyway. If you don't, the loan amount is usually treated as an early distribution--that 10% penalty again...
...Other benefits of IRAs: you can withdraw funds from an IRA for a first home or higher education expenses without paying an early-withdrawal penalty. And in some cases, you may be able to convert the IRA into a Roth IRA, which allows your assets to grow tax-free...