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Are you planning to retire? Or will you be surprised?
(McNeely Content/general)
... My typical new client is a Boomer with most of their accumulated assets in their former employer’s 401(k) and their home equity. They knows that their investments are the key to their retirement, but ...
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Health Insurance in Retirement
(McNeely Content/Blog)
... care until Medicare kicks in. Generous employers may offer extensive health insurance coverage to their retiring employees, but this is the exception rather than the rule. If your employer doesn't extend ...
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Evaluating a Job Offer
(McNeely Content/Blog)
If you're considering changing jobs, you're not alone. Today, few people stay with one employer until retirement. It's likely that at some point during your career, you'll be looking for a new job. You ...
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The Roth 401(k)
(McNeely Content/Blog)
Employers can offer 401(k) plan participants the opportunity to make Roth 401(k) contributions. If you're lucky enough to work for an employer who offers this option, Roth contributions could play an important ...
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Sticker Shock: Creative Ways to Lower the Cost of College
(McNeely Content/Blog)
... generally offer an excellent education at a price comparable to that of an average four-year public college in the United States. And in the global economy, many employers tend to look favorably on studying ...
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Advantages and Disadvantages of Self-Employment
(McNeely Content/Blog)
... of steak. Remember that you're not making any money if you're not working. You don't have any employer benefit package, which means that it's going to be hard for you to go on vacation, take a day off, ...
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401(k) Plans
(McNeely Content/Blog)
Retirement plans established under Section 401(k) of the Internal Revenue Code, commonly referred to as "401(k) plans," have become one of the most popular types of employer-sponsored retirement plans. ...
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Accidental Death and Dismemberment Insurance
(McNeely Content/Blog)
... it? You will find accidental death benefit riders, without the dismemberment component, as an option on a life insurance policy, often as part of an employer's group insurance benefits. AD & D coverage ...
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Do you qualify for the new Making Work Pay tax credit?
(McNeely Content/Blog)
... amount. If you qualify for the credit, you don’t really have to do anything. The IRS has issued new federal income tax withholding tables that reflect the Making Work Pay credit. When your employer begins ...
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Health Care Reform
(McNeely Content/Blog)
... "mandatory" coverage). Under these proposals, individuals who refuse to get coverage would pay a financial penalty. Similarly, employers would be required to offer health-care coverage or pay a fine. ...
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Recharacterizing IRA Contributions and Roth Conversions
(McNeely Content/Blog)
... be made by redesignating the first IRA as the second IRA, rather than transferring the account balance to a new account. Tip: You can't recharacterize employer contributions (including your elective ...
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How safe is your retirement plan?
(McNeely Content/Blog)
As you plan for retirement, you may count on an employer sponsored “qualified” retirement plan such as a pension plan, profit sharing plan, or 401(k). Or perhaps you are counting on your traditional IRA ...
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What Will You Do With Your Retirement Plan Money?
(McNeely Content/landingpage)
... your employer’s plan (until age 70 1/2, when you must take at least minimum distributions). You can withdraw the money (and trigger substantial taxes). You can roll over and reinvest your retirement plan ...
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Wondering What to Do?
(McNeely Content/landingpage)
Are you changing jobs? Do you have a 401(k) from a former employer? Have you wondered what to do with it? There are many misconceptions about what must be done with a 401(k) when someone leaves a company. ...
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Free IRA Rollover Booklet
(McNeely Content/landingpage)
... your retirement plan: you can leave the money in the plan, roll it over into a new plan (if you elect to keep working for a new employer), or do a direct rollover into an IRA. A direct rollover is not ...
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IRAs and 401(k) Plans: Four Strategies in a Declining Market
(McNeely Content/Blog)
... withdrawals, certain periodic payments, and required minimum distributions (RMDs) can't be rolled over). This may be especially attractive if you're entitled to an in-kind distribution of employer stock ...
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Defined Benefit Pension Plan
(McNeely Content/Dental Professionals)
A defined benefit pension plan is designed to provide a specific benefit amount at retirement. This is the traditional pension plan in which the employer bears the risk of providing the promised level ...
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Profit Sharing Plans
(McNeely Content/Dental Professionals)
Profit sharing plans offer both design flexibility and discretion as to making contributions. Company contributions are determined by the employer and can be allocated in a number of ways. If the company ...
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SIMPLE IRA Plans
(McNeely Content/Dental Professionals)
... For that reason, the information provided in this section is specific to the SIMPLE IRA format. Eligibility An employer maintaining a SIMPLE plan may not maintain any other qualified plan in which the ...
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Simplified Employee Pension (SEP) Plans
(McNeely Content/Dental Professionals)
A Simplified Employee Pension plan is an employer sponsored retirement plan that, unlike a traditional qualified plan, has minimal IRS reporting and disclosure requirements for compliance. The employer ...
