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Tapping Into Your 401(k) Money Before Retirement The last thing in the world you need to suffer is a giant reduction in the retirement money inside your 401(k) plan. Not to scare you but…that is exactly what happened to millions of retirement-bound employees in the last market meltdown of 2000-02. The dot.com bust was the last cause but the sub-prime fiasco could spawn the next.If you're in the red zone right before retirement (ages 55-65), can you afford to take the chance? The law allows you to transfer part or all of your hard-saved 401(k) money out of the way of a potential market crash; however, your employer has to amend their plan to give you the green light. This video and booklet tells you how to get them to make the change.
Not only should you seek safety for your 401(k) money, but tax relief as well. The consensus opinion is that taxes will march higher and when they do you’ll pay more on your tax-deferred 401(k) money. There are several ways that you can moderate taxes if you’ll prepare now. Unless Congress changes the current tax laws, 2010 will be the only year when you can convert your money to a tax-free Roth IRA, regardless of your income. If you’re right for a Roth, you’ve got to take steps now or you’ll miss the window of opportunity that could save you, and your beneficiaries, untold income taxes. This is covered in the video and booklet.
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Ask Us AnythingWe can help. Have questions? Call or email. Fitch Wealth Management Group
fitchwealth@retirerx.com |