Managing retirement savings effectively often involves rollovers, which allow investors to move funds from one retirement account to another without incurring taxes or penalties. In a direct rollover, ...

Anyone who’s ever put together furniture or hung a picture on a wall knows the difference between a screw and a nail. While they may look alike, they have distinct purposes and applications. The same ...

A large number of workers save for retirement through their employers' 401(k) plans. But what happens when you leave your job and go elsewhere? Though you may have the option to keep your money where ...

A key question workers need to consider when leaving a job is how to protect the tax-deferred benefits they may have enjoyed from an employer-sponsored retirement plan, such as a 401(k). An IRA ...

A 401(k) rollover is like a retirement savings suitcase – it carries your assets from one 401(k) plan to another or to an individual retirement account (IRA). The process makes changing jobs or ...

The IRS says it has become aware that some plan providers have been treating disbursements from retirement plans that contain both pretax and after-tax contributions as a single distribution of the ...

An IRA (individual retirement account) rollover is a transfer of funds from one retirement account to a traditional or Roth IRA. The rollover is used to move assets from a 401(k) or similar retirement ...

Distributions from qualified retirement plans, tax sheltered annuities, and eligible Section 457 governmental plans are subject to a mandatory income tax withholding rate of 20 percent unless the ...

It's not uncommon for workers to roll funds from one retirement plan to another. In fact, this frequently happens when people leave their jobs and need a new home for their retirement cash. But there ...

Millions of Americans have switched jobs during the coronavirus pandemic. Beyond that, some 12,000 baby boomers have been entering retirement every day, which has led to a flood of 401(k) rollovers.