by Kenny | Jun 3, 2024 | Uncategorized
A recent government report highlights how confused 401(k) participants are when they have to decide what to do with their savings after leaving employment. Tax rules require401(k) plans (and 403(b) and governmental 457(b) plans) to provide a written notice when... by Kenny | Jun 2, 2024 | Uncategorized
-Darren Leavitt, CFA The holiday-shortened week on Wall Street was volatile. The last of first-quarter earnings continued to influence the markets. Earning results from the retailers were mixed as BestBuy, Footlocker, Nordstrom’s, and Costco’s shares increased... by Kenny | May 30, 2024 | Uncategorized
Question: Can an individual who is using the age 55 exception to the 10% early distribution penalty roll over a part of a 403(b) account to an IRA and leave a portion in the 403(b) to take penalty-free withdrawals? Thank you, Jamie Answer: Hi Jamie, There is no rule... by Kenny | May 29, 2024 | Uncategorized
If you have an IRA and you are approaching retirement age, you have probably heard the term “required minimum distribution” (RMD). But do you know the details of how the rules work and what they mean for you? Here are five facts about RMDs that every IRA owner should... by Kenny | May 27, 2024 | Uncategorized
Weekly Market Commentary – 5/24/2024 -Darren Leavitt, CFA Financial markets ended the week with mixed results. All eyes this week were on AI darling NVidia, which posted better-than-expected Q1 results and provided guidance above the consensus estimates. The... by Kenny | May 22, 2024 | Uncategorized
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport We have written about this subject in the past (December 2023), but as is our philosophy here, learning is all about repetition, repetition, repetition. Surprisingly (he says with tongue...