VIDEO | How To Rollover Your 401k

Published on Nov 19, 2012 Why do you need to know the details on how to rollover an old 401(k) plan? FULL ARTICLE HERE – http://bit.ly/UP7gZK – The average person holds 11 jobs from the age of 18 to 44, according to the Bureau of Labor Statistics, and for many of us that means 11 or more workplace retirement accounts. Because not all employer plans require you to leave the plan when you leave the company, you could end up with several, disparate retirement accounts. I like to use the analogy of being a babysitter when it comes to orphan 401(k) plans. Every time you leave an old an employer and start with a new, essentially you leave a child in a backyard. If you move between three or four different jobs over five to ten years, that means you’ll have several kids in several different backyards. The real question is how will you be able to babysit all of those kids and ...

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4 Reasons Why Gen X’ers Shouldn’t Plan On Receiving An Inheritance

At 41 years old, I fit into that whole segment of the population called Generation X.  The media classically defines this generation by people who were born between 1965 and 1979.  For those that fall within these age brackets, I think you better start planning not receiving much of an inheritance.   I don’t say this because your parent’s bumper sticker says “I’m spending my children’s inheritance”, but really because of 4 things I see happening over the next twenty years that may spend it for you. Your parents have reached the age of 65 – According to the Center for National Health Statistics (www.cdc.gov/nchs), men who reach the age of 65 have a normal life expectancy of 82 years old.  For women it is even better with the average female who turns the age of 65 having a normal life expectancy of 85 years old.   With social security in sore need of a major overhaul and Medicare costs continuing to ...

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