If you inherited a 401(k), you need to know your options and take the right steps to avoid unnecessary taxes and penalties. The rules for inheriting a 401(k) depend on your relationship to the original account owner and the type of 401(k) they had. This article will explain the general guidelines for spouse and non-spouse beneficiaries, and provide some useful resources to help you make an informed decision.
A financial advisor is more than just an investment manager. They can also help you with insurance, estate planning, and referrals to other professionals. Learn how a financial advisor can listen to your goals and dreams and help you achieve them.
How to invest in a 401k is one of the most common questions I get as a financial advisor. In this article, I will explain the factors that affect your 401k investment choices, such as your risk tolerance, your goals, and your options. I will also share how I can help you with a free complimentary 401k review.
If you have extra money at the end of the month, you may wonder whether you should use it to pay off your debt or save it for the future. This is a common dilemma that many people face, and there is no easy answer. However, there are some general principles that can help you make a smart decision. In this article, we will share some tips from Dave Ramsey, a renowned financial expert, on how to prioritize your money goals and follow a plan that works for you. You will learn how to get rid of high-interest debt, save for retirement, and decide what to do with any remaining money. By following these steps, you will improve your financial situation and achieve peace of mind.
