401k Withdrawal Rules – Important things that every 401k holder should know..!!!

Posted on by under 401k Withdrawal Rules, Retirement Investments and Strategies

It is very important that for all the 401k owners to know about 401k’s withdrawals. There are many rules and regulations for the same put forth by the IRS. If not adhered to them there are chances of penalties and other administrative costs. Watch the below video and educate yourselves in order to make your retirement years a pleasant one. For more information on Retirement strategies visit www.goldiraamerica.com

Why 401k had failed badly? Prudent it would be to move to Gold Backed IRA..!!!

Posted on by under 401k rollover, 401k rollover to Gold Backed IRA
Precious Metals - Gold and Silver for your IRA

Precious Metals – Gold and Silver for your IRA

It isn’t exceptional to find out people today functioning, to make their ends meet, even after their retirement. This can be majorly because of their 401K‘s lack of ability stand up to the recessions. It turned out thought that 401Ks had been safe, but as a matter of fact it isn’t really and depending only on 401Ks are things of history and most careless course of action.

Not just its weakness to the financial parameters, but 401k also encounters other weaknesses which can be listed below

  • Owning a 401k doesn’t come cheaper. Usually the companies transfer the expenses of offering these benefits to the employee themselves via different admin fees.
  • The assets which might be allowed in 401Ks are usually more prone to inflations, to decline of US dollar and to poor resolutions expressed by the federal government.
  • It is tough to apply for the tax advantages for 401k because of various sophisticated laws that must be taken into account. Much of the tax rewards tend to be counteract by the fees and penalties and charges that the owners easily can’t avert. I suggest you seek tax benefits, with no need to fight the complicated laws, penalties and fees, through securing Gold IRAs

Why is it vital that you rollover your 401k to Gold IRA?

To cancel out the down sides of 401k it’s best to relocate or place your funds into Gold IRA – Basically for these reasons

  • The tax rules regarding the Gold IRA is comparatively easy compared to for 401k. Also, Gold assets hold a postponed tax position and the IRA holderholder has to pay taxes only if making a withdrawal from the IRA.
  • It is well known that Gold and other Precious metals are the only investments that keep their worth intact in spite of economic uncertainities. Hence, possessing gold in your retirement life fund portfolio is extremely judicious.
  • Hyperinflation eliminates the currency appeal since fed government is required to print increasingly more money to sustain. Gold is more than likely the only asset resistant against hyper inflation.

Let us now resolve your question on “How to move funds from 401k to Gold IRA”. There are primarily two ways to switch dollars from 401k to a Gold IRA – Transfer and Rollover. Well before moving on to discuss how to send funds, why don’t we give a look in to these transfer types.

‘Transfer’ is essentially moving a person’s properties and assets from the 401k handler straight away to the Gold IRA handler i.e. company to company, carried out via check.

In ‘Rollover’, the 401k investments are relocated to to the employee then which is then relocated to the Gold IRA company. Regardless of one more step of shifting the finances to the individual, Rollover has one principal benefit i.e. in Rollovers, the tax delayed position on the assets commonly are not lost by the particular person. This lead to preventing substantial tax penalties that usually consumes almost all of the retirement savings.

Those who find themselves likely to move their 401K to Gold IRAs should know these tax polices, if they’re sticking to Roll-over as the mean to move their assets.

  • 60 Day Time frame – The Carry over must be completed within 60 days from commencing the transfer.
  • 12 Month Constraint – One can carry over the same properties and assets once every Twelve months.

It is advisable you consult a Precious metal IRA custodian to be able to sure the move takes place without problems and you also keep the delayed tax condition.

Latest Retirement Investment Advice – Directly from the expert – Hedging is a must..!!!

Posted on by under Investment Tips 2014, Retirement Investments and Strategies

One of the best advice I have come across from an expert on Investment Hedging. Hedging ones investment is the way forwards because of the uncertainties that always hover upon us. Be it hedging through Gold Investments or through CDs/Bonds, it is a must for everyone. Watch and educate yourself for better Retirement Investments.

 

401K Contribution Limits in 2014

Posted on by under 401k retirement plans, 457b Retirement Plans, IRA Assets

IRS announced changes to contribution limits to various retirement plans in October 2013 owing to changes in demographics and their cost of living. However, numbers for 401k and IRAs have not seen any changes because the Consumer Price Index or CPI did not see major fluctuations. Below image provides you the necessary contribution limits of retirement plans available in US currently.

401k and other retirement plan contribution limits for 2014

401k and other retirement plans – contribution limits for 2014

If you are an investor in 401k, here is more information on 401k contribution limits.