The "set-it-and-forget-it" approach to retirement income could be hiding in plain sight—dividend stocks. With the right portfolio, dividend stocks can offer consistent, reliable income for retirees without the need to sell off assets or rely solely on Social Security. Forget about the anxiety of mar...
A qualified plan loan offset occurs when a participant in a qualified retirement plan, such as a 401(k), has an outstanding loan from the plan, and the loan is deemed to be in default or the participant leaves the employer sponsoring the plan. This offset is essentially the amount of the outstanding...
If you have a 401(k) loan and are considering rolling over your 401(k) to a new plan or an IRA, it's essential to understand the implications and requirements involved. Here’s a comprehensive guide to help you navigate this process:Understanding 401(k) LoansA 401(k) loan allows you to borrow money f...
Qualified plan loans are a means for employees to borrow money from their retirement savings while keeping their investment funds intact. These loans are governed by specific regulations to ensure that they are used responsibly and repaid on time. This article will delve into the key rules and requi...
