Explore how a ‘backdoor’ Roth IRA or Health Savings Account may help you save more for retirement. If your income is too high to make direct Roth IRA contributions, converting a traditional IRA to a Roth may be a viable option.Health Savings Accounts may offer a tax saving opportunity, as contributions are tax deductible and withdrawals are tax free if used for qualified medical expenses.
Make the smartest decisions for your retirement plan as your career evolves.Employees who leave their companies have several options when it comes to their 401(k) plans, and each option has advantages and disadvantages.Options include keeping your existing plan where it is and starting a separate one at your new company, rolling it over to an IRA, or transferring it to your new company’s plan.
The best way to keep your 401(k) account on track is to make sure your contributions are invested according to your asset allocation target.Rebalancing is an important investment management tool available to 401(k) plan participants to help ensure that they have enough retirement assets.When you rebalance periodically you should only have to make modest adjustments.Although the primary objective of rebalancing is risk control, it does not have to mean a significant reduction in return.
