Timothy Sumer

The new year brings new rules for your retirement accounts. Essentially it's now easier to tap into your funds, but should you? Personal finance expert Dan Roccato has the answer. #FOX7Austin brings you the important stuff like breaking news, weather, and local stories out of Central #Texas. But also plenty of fun stuff, like #GoodDayAustin, the best of our archives, and all those 'only-in-#Austin' stories. Subscribe to FOX 7 Austin: Download the FOX 7 Austin News app: Subscribe to the FOX 7 Austin newsletter: More from FOX 7 Austin: Got a news tip? Call us at 512-472-0988 or email us: ktbcnews@fox.com... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing As Americans continue to plan for retirement, it can be difficult to keep up with the constantly changing regulations and rules surrounding 401K retirement accou

What is a reverse rollover, and why might you roll an IRA into a 401(k) or 403(b) account? The term refers to moving money in a way that’s different from what happens most frequently. At some point, people often move money out of their workplace retirement plans—and into an IRA that they control. There are pros and cons of doing that, and of course, you want to review your options carefully before making any moves. 🌞 Subscribe to this channel (it's free): But there may be good reasons for moving money in the opposite direction: From an IRA to your 401(k) or similar plan. When you do that, you can potentially eliminate pre-tax IRA balances, which could help you manage RMDs (by postponing them, at least) or do backdoor Roth conversions. Get free retirement planning resources: 🔑 9 Keys to retirement planning 🐢 6 Safest Investments There may be other reasons for reverse rollovers, as well. For instance, maybe you’re going to leave a job after age 55 but before a

In case you didn't know, in response to the COVID-19 crisis the CARES Act was passed that made some temporary changes to retirement plans and as a result Huge Benefits For IRA/401(k)/403(b)/457 Plan Withdrawals and Loans! If you are unemployed or furloughed this is going to help you out tremendously and could help you survive financially. I did make a mistake in the video regarding how long you have to pay back the 401(k) loans. You only have 3 years to pay them back!... ( read more ) LEARN MORE ABOUT: Retirement Planning REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/cares-act-huge-benefits-for-ira-401k-withdrawals-and-loans-for-unemployed-or-furloughed/?feed_id=54657&_unique_id=63ace9068f7a7 #Inflation #Retirement #GoldIRA #Wealth #Investing #401kcares #401kloan #401krules #401kwithdrawal #401kwithdrawals #403b #403bw