When the time comes for you to move on from your current employer either because it’s time to retire or because you wish to pursue your fortunes elsewhere, IRA rollover rules might be a concern. You’ll want to know how to get the money you saved in your employer-sponsored retirement plan, herein referred to as the 401k.
Income tax has essential implications on one’s quality of life in retirement, and there are a few pieces of common misinformation about taxes in retirement. Misinformation about income tax before or during retirement could become an expensive mistake to a retiree. Often this misinformation leads to miscomputations and, upon realization, your retirement plan is thrown in disarray. Here are some of the common miscomputations about taxes in retirement: