Consolidating 401k ira
Investing and maintaining assets in an IRA will generally involve higher costs than those associated with employer-sponsored retirement plans.
You should consult with the plan administrator and a professional tax advisor before making any decisions regarding your retirement assets.
Instead, I’m building a defensive bond portfolio after rates have spiked in order to “live for free” given my mortgage rate is less than what I can get in municipal bonds now.
With an IRA, you’ve got plenty more investment options. I always want to be fully invested in my 401(k) because I’ve got other portions of my net worth in risk-free investments such as CDs.
I treat my 401(k) like my own little hedge fund or mutual fund and so should you.
The government has blessed us with the ability to max out our 401k to ,000 a year in 2017, the same amount for 2016.
If you are 50 or older, you can add up to ,000 extra per year from ,500.So many people don’t even bother to try because they don’t feel like it’s possible.