401(k) Rollover Options Upon Job Change or Loss
A job change or loss is the optimal time to make revisions to your retirement savings plans. However, making the right choice can be a complex process with heavy tax consequences.
Entries by Todd Frank
The Difference Between Traditional and Roth 401(k) and IRA
Important differences exist between the Traditional and Roth versions of both the employer-sponsored 401(k) plans and Individual Retirement Accounts (IRA).
What is a Traditional 401(k)?
A Traditional 401(k) is one of several types of employer-sponsored retirement savings plans in the category of “defined contribution plans”.
What is a Roth IRA?
A Roth IRA is an individual retirement account which varies in a number of ways from the Traditional IRA. The principle difference is two-fold.
What is a Traditional IRA?
A Traditional IRA is one of several types of IRA’s, or Individual Retirement Accounts. The financial planning process will reveal if and when it is advantageous to use a Traditional IRA.
Stops Along the Way in Life
We make our best effort when we sit with a client to consider the different events that arise in the future when we are putting together a financial plan.
It’s Your Life, Not the Advisor’s
A good relationship between a client and Financial Advisor is based on trust and a certain amount of intimate knowledge of what’s going on in the client’s life.
Custom Tailored Solutions
A custom tailored solution is designed in support of the underlying financial plan and the strategic goals that follow from the plan.
Big Firm Versus Financial Advisor
Learn the difference between the two types of large financial brokerage firms and an independent, unbiased, fee-only financial advisor.
Start with the End in Mind Planning
A wise approach to take when financial planning is to start with the end in mind,- financial and retirement goals, health and lifestyle goals, family goals.