3 Instances When a Landlord Can Legally Break a Rental Lease
There aren’t many reasons you can do it.
The post 3 Instances When a Landlord Can Legally Break a Rental Lease appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
There aren’t many reasons you can do it.
The post 3 Instances When a Landlord Can Legally Break a Rental Lease appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
With summer upon us, it’s a great time to go outside and get away from it all. While figuring out which gear to bring may seem overwhelming, it really doesn’t have to be that complicated. Before you hit the road, let’s talk about the basics as well as a few items worth spending a little
The post Camping This Summer? Hereâs What Gear Is Worth It appeared first on MintLife Blog.
Apple announced that itâs discontinuing the iPod, so is now a good time to sell your old iPod? Apple introduced the first iPod in 2001, revolutionizing the way we listen to music, and Apple products can surprisingly hold their value. From Appleâs vintage original to the final 7th generation iPod Touch, hereâs how much your [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
A little stress is a good thing. It keeps us on our toes, challenges us to improve and can even lead to healthier brain function. A life without any stress at all would be pretty boring. But when it comes to money, most people are dealing with more than just a little bit of stress.
The post 8 Things You Can Do Today to Stop Stressing About Money appeared first on MintLife Blog.
Ever consider what itâs like to be a 911 emergency operator? Well nowâs the time to think about it. The job is in high demand these days and it doesnât require a college degree, saves lives and is never boring. The average starting salary is $38,000 and the national average pay is about $48,000, which [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Credit card debt is like a money-grubbing evil spirit that never goes away and drains your bank account dry. Itâs the most expensive kind of [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
For some time Barclays has not been charging the annual fee for business cards on time or at all. Barclays has now sent out letters to affected cardholders informing them of this issue and also stating that they will be charged for the annual fee in their next billing period. Barclays annual fee refund rule […]
The Department of Labor has outlined new rules for advisers to follow when rolling over retirement plans. Whether it is a 401(k) to an IRA or an IRA from one custodian to another, there are several considerations that need to be evaluated before making a change. If you are initiating a rollover on your own, it may be beneficial for you to evaluate these items as well.
You should be able to get all the information you need on your plan from your statements, Annual Participant Fee Disclosure and Summary Plan Description. If you do not have access to these documents, you can usually request them from your human resource department.
Before deciding whether to do a rollover, you will want to compare the fees within your 401(k) plan vs. the fees for the IRA. Fees in the 401(k) could include any mutual fund loads, plan expenses and any underlying fees. Sometimes the fees may be higher in your 401(k), but there may be additional benefits to keeping your funds in the 401(k) wrapper.
It would be up to you to decide whether any benefits are worth the fees. For example, if you are opening an IRA and moving over to an investment adviser there will be additional management fees paid to your adviser, but you may also receive financial advice, retirement planning or wealth management services.
Some retirement plans, such as 401(k)s, provide added creditor protection, the ability to take out a loan or take hardship withdrawals, which are not available with IRAs. In certain circumstances you may be able to keep some asset protection if 401(k) funds are rolled into a separate IRA and not commingled with other IRA funds. Some 401(k) providers provide investment education to participants that may be valuable if you are a younger investor. You will also want to look at your vesting schedule and company match to determine whether they may be affected. In addition, some retirement plans offer Roth 401(k) contributions, which may not be available to you otherwise.
Several 401(k)s offer participants limited investment options. On one hand, that could be viewed as a positive, because when there are too many choices it can confuse participants and make it harder to manage the plan. However, some plansâ limited options may be  more expensive, such as actively managed funds, and they might not offer any low-cost index options.
If you roll over funds into an IRA you then have access to a much wider universe of investments. That said, this should not be your only decision criteria. Some company retirement plans offer a âBrokerageLinkâ option, which allows you to move funds from the âcoreâ 401(k) account to a brokerage account â Â another way to access more investment options. Some plans have restrictions on what can be invested in a BrokerageLink so you would want to consult the plan document before deciding.
Are you invested in anything earning a guaranteed interest rate that you will lose by moving from a 401(k) to an IRA or other plan? For example, TIAA CREFâs 401(k) offering has TIAA Traditional, which could be earning 3%-4% â Â a great return in this environment. You may not want to roll out funds into an IRA and lose access to this option.
If you are required distribution age but still working past retirement (providing you are not an over 5% owner in the company), you can defer taking money out of your 401(k). Unfortunately, if you have an IRA on the side, that IRA is subject to required distributions at age 72, even if you continue to work. If you leave the funds in the 401(k) you can still contribute and donât have to take money out.
One caveat related to the Roth part of a 401(k): If you are age 72 and a greater than 5% owner or retired you have to take a distribution from the Roth side. A way to get around this is to roll the Roth 401(k) balance into a Roth IRA prior to age 72.
Also, if you happen to be in a zero-income year and all you have is retirement funds and need cash, it may make sense to take a taxable distribution rather than do a rollover.
If your 401(k) retirement account is invested in an insurance product or annuity you will want to evaluate whether there are any surrender charges. Usually annuities cannot be moved to IRAs in kind. Some annuity products may have certain benefits that will be lost if liquidated, so you will want to make sure you understand how your product works before making a decision.
Some plans may offer annuity options rather than a lump sum, which would be lost if you roll your 401(k) over to an IRA. You will want to look at the financial implications of the lump sum vs. the annuity options to see which option is better for your situation, especially if you have a spouse who can receive survivor benefits.
You will also want to check if there are any in-service distributions options or guaranteed payment options.
If you are married, your 401(k) must list your spouse as beneficiary unless your spouse signs a waiver. You can list anyone on an IRA as a beneficiary, so you may want to review your estate planning and beneficiaries if you make any changes.