Timothy Sumer

Here's today question. It comes from Alina. Alina says, "I currently have a 401k through my employer. I plan to go to another job where it's not offered. Should I move it to an IRA or leave it where it is?" Stacy answers viewer's and reader's personal finance questions. Want to ask Stacy question? Sign up for the Money Talks Newsletter. Click Here: When you receive the newsletter in your email, hit reply and ask your personal finance question.... ( 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 If you are someone who has recently left your job, or are planning to leave soon, you may be wondering what you should do with your 401K plan. Should you leave it with your former employer, or roll it over into a new plan? This is an important decision, and there are a few things that you should consider before

The last health insurance mandate that we will discuss covers employers who provide a group retirement plan and/or group health and welfare plans of basically any type, including medical, dental, vision, life insurance and others. Employee Retirement Income Security Act (ERISA) guidance must be followed in any of these cases Any organization that provides retirement or health and welfare plans must provide a document called a Summary Plan Description (SPD) telling beneficiaries about the plan and how it works—in plain language that the average employee can understand. The organization also has to provide similar information whenever the plan changes significantly and send an annual report to members, as well as meet some other requirements. A major provision of ERISA is guidance on retirement (pension) plan eligibility. If the company provides employees with a retirement plan, the guidelines in ERISA say that the plan has to be available to all employees over 21 years of