8 Page Guide Will Help You…

From Making The Wrong 401k Rollover Move!

Here’s your chance to get a copy of my guide to preventing 401k rollover and IRA rollover mistakes.

• 3 Best Case Scenarios for the best 401k rollover! (page 3)
• What You Should Do if You’re Between ages 55 and 59 1/2! (page 3)
• What 2 things you must not do when rolling over a 401k or IRA! (pages 5 & 6)
• Save thousands in taxes by understanding how NUA effects your rollover! (page 6)
• How do rollovers work with after tax dollars? (page 7)

Order & Download Your IRA and 401k Rollover Ebook Guide Today – Free

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Here’s a short story about how I helped my client Troy with a 401k Rollover Fidelity account setup.  Being the responsible advisor that I am; I never recommend putting all your eggs directly in the stock market.  We had plans to do a concurrent rollover to two separate IRA accounts.

A portion of the old 401k was going to be set up in a traditional IRA to help preserve capital.  Even though it may appear that the stock market is almost at the bottom of it’s cycle… there is absolutely NO guarantees that it can’t drop down any further.  For that reason we planned to secure this account first.  The remaining portion of the old 401k was going to be set up through a discount stock broker such as either Scott Trade, E Trade, Fidelity, etc.  This was planned to be done in about a few weeks.

However according to the company’s plan documents; they did not allow two partial rollover into two different accounts.  It had to be the full amount transferred to only one new custodial account.  So because of that, we had to decide sooner than later what discount stock broker to use.  So why did I recommend Fidelity?

The cost per stock trade might be a little more than Scott Trade, but the tools and analytics are suppose to be better.  Well better than what Scott Trade use to be.  I haven’t checked or used Scott Trade for a couple of years now, but I wanted to give Troy more analytical tools to choose from.  He’s new to investing in individual stocks.  With 401k’s you’re very limited to only mutual funds, which has more risk than in individual stocks in my opinion.  Later on this topic.

The other reason for choosing Fidelity was because they do not have a long holding period once funds are deposited for them to be withdrawn or transferred out again.  This was a bonus because we have a short time frame in order to get the remaining funds to be transferred into the other secured IRA.

Be sure to check back to find out what this “secret secured IRA is!”

Need Help With Your 401k Rollover to Fidelity?

Ask Binh

Binh Nguyen

(832) 273-3392

admin@401krollovers.info

Hey Guys

I finally got around setting up an official YouTube account for my blog and Facebook Fanpage.  Enjoy and I do appreciate any feedback.

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401k Calculator – Retirement Calculator

This 401k Calculator can give you an estimate of what you can expect to earn in the future.

Compound Interest Calculator

The compound interest calculator is another simple but helpful calculator for you!

Fica Tax Retirement Calculator

Ever wonder what your fica taxes would be?  Very helpful if you’re self employed.

Income Retirement Calculator

If you are paid weekly, this income calculator is helpful for figuring out gross and net incomes.

Retirement Savings Calculator

Helpful tool to figure out and calculate how much you should start saving monthly.

Income Tax Retirement Calculator

It’s never fun to figure out how much you owe to the IRS, but none the less, this Income Tax Calculator is very helpful.

Investment Return Calculator

You can leave the last field blank if you are not currently receiving income.  Investment Returns are pretty easy to figure out.

IRA Calculator

You’ll this IRA Calculator.

ROTH IRA Calculator

Helpful tool for making calculations on your ROTH IRA.

Rule of 72 Retirement Calculator

Ever wonder how long it will take to double your investments or double your wealth?

Net Worth Calculator

The Net Worth Calculator is the grand daddy of all calculators.  Everyone should figure out their net worth monthly!

Alright… I hope you find these retirement calculators useful, and if so… don’t forget to swing by my Facebook Page and click LIKE! — > http://www.facebook.com/401kRollovers

Retirement Income

Retirement income – What are the main 7 sources for retirement income?  Here I’ll try to explain the differences between the different sources of retirement income so you can better plan for your future.

Welfare or Charity

While most people would never like to picture themselves having to be put on welfare, the reality of poor planing could result in the dependency of money from charity.  Often times I see churches and family members asking to raise funds immediately after an unexpected death of a loved one.  One of the easiest things to do to prevent the need to rely on others is to have enough life insurance for both you and your spouse.

Continued Employment

So you’re now 62 or 65 or even 67… what’s next?  You may realize that you do not have enough income to cover your bills which could include the mortgage, the car payment, and other necessary bills.  So one option would be to continue to work.  I guess if you enjoyed your full time job, then this would not be an issue.  Unfortunately, a majority of the population at the age of 65 are tired of working for their past 40 yrs.  Don’t forget that health issues could really be the number one determining factor on whether you can continue to work.

Non Qualified Assets or Mutual Funds

Non qualified assets are things that have already been taxed.  This could include your savings account, monies in your CD’s, your stocks and mutual funds purchases made from after taxed dollars.  How long you can live off of your non qualified assets depends on the size of your account and your monthly living expenses.

Roth IRA

Roth IRA’s can be great source of income in addition to your other qualified accounts.  The best thing about Roth IRA’s is the fact that you can take future income distributions without having to pay any taxes.  Depending on how well the account is managed and grows, this could provide much more retirement income especially when you do not have to pay taxes.

Traditional IRA

Traditional IRA are just another form of qualified accounts.  Chances are if you had an old 401k and did a rollover, it would have been rolled into a traditional IRA.  I would say a majority of retirement accounts are qualified accounts in the form of a 401k or traditional IRA.

Qualified Plans

Anything that allows you to contribute on a pretax basis could be considered a qualified plan when it comes to retirement.  A 401k is the most common through payroll deduction.  Others could include a 403B or tax sheltered annuities.  Pensions and annuities are great forms of retirement income because of the predictive nature of the investment.  It only makes sense to have a stable and predictable form of income each month once your do plan to retire.

Social Security

For current seniors, this is the most anticipated form of retirement income.  It used to be a fact that for every retired senior taking social security benefits, there were more than 50 workers paying into social security.  From my last research I believe this was before 1960′s.  They predict that 20 yrs from now, there will only be roughly 3 workers paying into social security for every retiree.

Retirement Income Conclusion

More sources of retirement income is always better than just one.  Can we solely depend on social security for your retirement?  I don’t think so.  It’s impossible to expect your social security benefits to pay you more than what you were earning during your working years.  With a sensible investment strategy and having your mortgage paid off can really help increase your income at retirement.