A recent tax court case decision changed the interpretation of the “one-rollover-per-year” rule, resulting in more restrictions on IRA rollovers. Starting January 1, 2015, you can make only one rollover from an IRA to another (or the same) IRA per year, no matter how many IRAs you have. However, you are still allowed to make as many transfers from trustee to trustee as you want and as many rollovers from traditional IRAs to Roth IRAs (“conversions”) as you want. Read more
Newly released data from Fidelity Investments indicates that Americans are saving more for retirement. The trend is consistent across people in all age demographics over the past year, with IRA contributions reaching record highs. Given America’s obsession with short term gains in recent years, experts are encouraged at the development. Find out more here
Recent data predicts that by 2016, 401(k) funds, normally placed heavily in stocks, will perform worse than other investment options. This is alarming in terms of what it means for retirement of individuals who have worked so hard to preserve their future and ensure a secure, comfortable life after work. With 401(k)'s being heavily invested in stocks, it seems inevitable that there will be a massive shift towards IRAs in order to avoid financial disaster.
New data has shed light on alarming investment decisions that people in their 50s and 60s are making for retirement. According to a recent article on NextAvenue.org, of the “consistent traditional Individual Retirement Account (IRA) investors” that are in their 50s, about one third have 100 percent of their IRA money in stocks. And for […]
