College Planning
When it comes to investments our biggest is usually our home. For most the second largest...
Life Insurance
Life insurance is one of the key cornerstones in any financial plan. Funding peace of mind for you...
Your Business
There are some simple and effective strategies to protect your business and...
$ Your Money $
You may have an important decision to make. What to do with your money...
When You Change Jobs: You & Your 401(k)
You May Have an important decision to make..... What to do with your money in an employer-sponsored retirement plan, such as a 401(k) plan. Since these funds were originally intended to help provide financial security during retirement, you need to carefully evaluate which of your options will best ensure that these assets are available when you need them.
Why Taking a Lump-Sum Distribution May Be a Bad Idea:
While a lump-sum distribution from a 401(k) or an IRA can be tempting, it can also cost you thousands of dollars in taxes, penalties and lost growth opportunities... money that will not be available for future use in retirement.
Why other options may be better than funding your 401(k):
Did you know that you may be able to have more income and pay fewer taxes in retirement by funding something other than your 401(k) plan or IRA? Do you also know that this technique could also create a bigger legacy for your heirs at the same time?
Would you like to learn about these little known options? Please contact my office to get additional information on rolling funds over from a previous employer's retirement plan and better options to fund your retirement.
Next: Taxable vs. Tax Deferred: Why it Matters
CA Insurance License #0B95804 - Life, Health, Variable Contracts. Securities offered through American Independent Securities Group, LLC. Member FINRA/SIPC. 1036 E Iron Eagle Dr, Suite 105, Eagle, ID 83616 (866) 485-4635. Fredriksen Financial & Insurance Services is not affiliated with American Independent Securities Group, LLC.
