Male   Female
  • When should I withdraw from my IRA?
  • July 15, 2015
  • investment insuranceBy LifeQuotes.com

    Consumers approaching retirement may be faced with various investment decisions.

    Purchasing a life insurance policy is one option for those hoping to ensure their survivors’ financial security.

    Traditional and Roth IRAs may also be beneficial. However, rolling funds from a 401(k) to this kind of investment may be difficult for some, according to a  report by the Wall Street Journal, with many employers hoping to hold onto their workers’ savings.

    “Big IRA players are fighting back,” the report said. “Firms like Charles Schwab Corp., Fidelity Investments and Scottrade in recent months have rolled out new online calculators, blogs and other features in an effort to boost their IRA business.”

    Consumers may consider withdrawing from the 401(k) if they cannot get clear information on the fees they pay. They need to access savings before age 59 1/2, or they would prefer greater investment options, according to the report. Leaving funds in a 401(k) will allow them to avoid taxes incurred from rolling into a Roth IRA.

    Keeping an employee’s savings enables companies to increase their asset base, giving them more leverage when negotiating with retirement plan providers. However, allocating them in a Roth allows individuals to avoid withdrawal taxes.

  • Category: Articles Library, Life Insurance

Leave a Reply

Archives

About

Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

Consumer Insurance Guide SM is owned by Life Quotes, Inc. 8205 South Cass Avenue, Darien, IL. For editorial, content feeds, advertising and lead purchase opportunities, contact Robert Bland at bob@lifequotes.com.

Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates www.consumerinsuranceguide.com and www.lifequotes.com, two online consumer insurance information services that cater to the needs of self-directed personal and corporate insurance shoppers.

About Us  |   Contact Us  |   Press Releases  |   The Best Privacy Policy  |   Life Insurance  |   Careers
For Agents & Brokers  |   Site Map  |  


Copyright ©1984-2015 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.
10.1.1.86