Retirement Investors Saw Record Rebound in Q2
Fidelity reports that the average 401(k) plan balance was up 14% between the start of April and the end of June.
Tag: Roth IRA
Employer Retirement Plan Rollovers Feed Traditional IRAs
And the owners of traditional IRAs rarely withdraw from their accounts, according to ICI data.
ICI: IRAs Are Successful Vehicles for American Savers
Saving practices tend to vary based on the investor’s age.
OregonSaves State-Based DC Plan Marks First Birthday
According to state authorities, the combined savings of the first groups of participating savers is approaching $5 million.
Retirement Taxes Can Derail DC Plan Participants’ Progress
“There are strategies of rolling some amount of traditional 401(k) dollars over into a Roth IRA that are potentially advantageous, especially if you have a couple of years where your income is lower,” observes Angie O’Leary, head of wealth planning at RBC Wealth Management. “Having tax diversification available down the line is really helpful in building that paycheck in retirement.”
Roth Option Viewed as Another Avenue for Diversification
Experts say sponsors should offer a Roth option so that participants can diversify their tax situation in retirement.
Pass-Through Tax Reform Impact on Small Businesses May Be Mitigated via Roth
The American Retirement Association says that tax reform could be a disincentive for small businesses to offer retirement plans; however, as one reader shares, there are counter considerations having to do with Roth 401(k) options that could mitigate some of the concern.