News & Articles

Be Careful When Saving for Your Kids' Education

Posted on Mon, Feb 17, 2020

Here's a little-known secret for parents planning to send their children to college in the future: Some of the tax-saving moves you make now could hurt your student's chances for getting financial aid later.

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Tags: 401k Plan, Higher Education, Education

Tax Consequences of Borrowing From a Retirement Plan

Posted on Mon, Jun 04, 2018

If you participate in a qualified retirement plan through your job or self employment — such as a 401(k), profit-sharing, or Keogh plan — you might be allowed to borrow from the account. (The borrowing option is not available for traditional IRAs, Roth IRAs, SEPs or SIMPLE-IRAs.)

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Tags: 401k Plan, Retirement Plan, Interest, Loan

Avoid Retirement Account Rollover Pitfalls

Posted on Mon, May 19, 2014

After retiring or leaving a job, your first big tax question might be: What should I do with the money in qualified retirement plan accounts with my former employer? These accounts include 401(k)s, profit-sharing plans and stock bonus plans. The standard advice is to roll everything over into an IRA. That advice generally makes sense, because you can take over management of your retirement funds while continuing to defer taxes on the income generated.

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Tags: EHTC Article, Retirement, 401k Plan, IRA Rollover, Federal Taxes, Individual's IRAs, Direct Rollover, Articles, Taxes

Rethinking your 401k?

Posted on Mon, May 06, 2013

How effective is your company's 401(k) plan, in terms of what you hope to accomplish? This is a subject of ongoing debate in public policy forums these days. It's a good idea occasionally to rethink your plan and the philosophy you bring to it. The process may result in making changes. Either way, it can help you ensure your plan design and investment menu are consistent with what you intended. Continue reading and discover ways to assess your plan for effectiveness.

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Tags: 401k Plan, Company's Retirement Plan, business consulting, Articles, Echelbarger, EHTC