Vectors and 3D Models
Local Search - Finance
Weather Information
Get the App for Smartphones and Tablets

Go Back

WhmSoft Free Articles Directory
Free Articles for Reprint
Free Articles to Publish
Free Articles for Newsletters
Videos to Watch

Page Generation Date and Time:
12/13/2019 07:11:52

Free the Animation VR / AR
Play to reveal 3D images and 3D models!
Demonstration A-Frame / Multiplayer
Android app on Google Play
vlrPhone / vlrFilter
Project of very low consumption, radiation and bitrate softphones, with the support of the spatial audio, of the frequency shifts and of the ultrasonic communications / Multifunction Audio Filter with Remote Control!

Alexa Data

Go To Articles Directory Home Page

To get the current article, - See Below (at the bottom of the page) -.
For top news titles, see below.
Web sites and videos listed in this page are frequently updated.
If you find that this page is useful (quality of web sites, images and videos, ...), you can add it to your favorites.
Bookmark Page !

Tell a Friend:

With your mobile phone (WAP / I-Mode / iPhone / PDA), for free:
The Top News -
The Daily Files -
All the Directory Files -

Web version of feeds:
Podcast Music -
Daily Files -

You can play the Guitar Drum Revolution game (flash game) by following the link below:
Play Guitar Drum Revolution Game

You can play free online games (flash games) by following the link below:
Free Online Games

Play the samples below:
Les FriandisesSonundrumPinball WhizzerEloikDui

You can view the people (celebrities) news and the front page news (with videos, images and constant updates) by following the link below:
View Recent News
or by visiting the WhmSoft Service blog:
News Photos Slideshows

Article Keyword Videos to Watch
Click on the image to start the video.

Related Topics
Images - Links - Articles

New Orleans

Related Images

Article Category Videos to Watch
Go to the Videos Pages

Retirement Planning & 401 K Investing: Secrets to Keeping the IRS Out of Your 401K

At some point in the future, you will no longer be working where you are. Whether itís because you retire, get laid off or change employers, itís your responsibility to be prepared. Itís a necessity -- your retirement depends on it.

Thatís because when it comes to your pension funds, you have several options open to you when you leave your job. And if you donít know what those options are, and choose the wrong one, you will have the IRS smack dab in the middle of your IRA. This means your chances of having the opportunity for long-term tax deferred wealth building become very slim.

Option 1: Taking a lump-sum distribution (cash out)

Off the top, you will lose 20% of your accumulated money because your employer is required to withhold this amount for federal taxes. Cashing out your retirement plan is counted as receiving ordinary income, and depending on your tax bracket (ordinary rates now reach 35%) you may end up owing even more than that 20%, and that doesnít include the state taxes that may apply as well.

Furthermore, if you are younger than 59Ĺ (age 55 in some limited cases) you will be penalized for an additional 10% off the top. So, our old pal Uncle Sam just slashed your retirement savings you have accumulated for your Golden Years by a third or more!

Avoid this entirely. (In fact, itís difficult to even think of it as an ďoption.Ē)

For example, Dan, age 50, left his job. He had 0,000 in his employer's 401(k) plan. Dan decided to take the money from the plan and open a self-directed IRA account. As a result Dan's former employer sent him a distribution check for ,000 -- Dan's 0,000 account balance, less 20% withholding. To avoid all income taxes and penalties, Dan must not only deposit the ,000 check within 60 days of the distribution, he also must deposit ,000 (the amount withheld by his employer) by that same date. The ,000 must come from sources outside of the distribution. If Dan does not have ,000 from other sources, that amount will be treated as a distribution and will be subject to income taxes and penalties.

Sure, Dan will get this ,000 back in the form of taxes withheld when he files his tax return, but that could take a number of months. Why go through this hassle when using the correct transfer method will avoid the 20% withholding and will not make you scramble to find funds to cover the withholding amount?

Build Your Wealth and Retire Financially Secure With Your 3 Other Options

Your other options include (1) leaving your money with your former employerís plan; (2) rolling it over to your new employer; or (3) rolling it over to an IRA.

Each of these options will help keep the IRS out of your IRA, if you choose wisely and follow all the rules, which can be complex. However, thereís more to consider than merely the tax implications. What about growth? Safety? The next Enron?

Retire Financially Sound or Retire With Debt Ė Itís Your Responsibility To Make The Right Choice

So, in conclusion, taking a lump-sum distribution (cash out) from your 401K means that all the money you withdraw will be subject to income tax at ordinary income rates that now reach 35%. And donít forget that additional penalty of 10 percent on top of the ordinary income tax if you leave your job before age 55. This will leave you with no tax deferred wealth building for you and your family, which means there is a good chance you will not retire financially secure. Is that what you want for you and your family?

Avoiding all the pitfalls and dangers can be accomplished by choosing the right kind of rollover for your IRA, based on your specific, individual and unique situation.

Remember, this is your retirement nest egg. The better you can protect it and invest it, the farther along the road to a glorious retirement you will find yourself.

About the Author: Paul Hooper, President of Marketracker Capital Management, Inc. can help you keep the IRS out of your IRA. Learn how to make smarter choices with your money by emailing to receive a FREE SPECIAL REPORT full of ideas and tips on how to keep the IRS out of your IRA and roll it over in a way that will lead you to a life of prosperity. Be sure to include SPECIAL REPORT in the subject line to ensure a safe delivery.

Recommended Web Site(s):

Easy Articles Home Page - Articles Directory

Recommended WhmSoft Web Sites, Feeds and WAP Address:

WhmSoft Software Home Page - Software
WhmSoft Services Login Page - Music and Images
WhmSoft Moblog Home Page - Blog - Photo Gallery
WhmSoft Free Online Games Home Page - Flash Games
WhmSoft Services RSS Feed - Daily Music, Image and 3D Flash Animation
Classical Music with Drum RSS Feed - MIDI and MP3 Files
Classical Music with Drum Podcast Feed - MP3 and MP3 Files
WAP / I-Mode / PDAs - Daily Music, Image and Flash Animation

Home Pages:

WhmSoft Free Articles for Reprint Home Page
WhmSoft Services Home Page - Music and Images
Copyright (C) 2006-2019 WhmSoft - All Rights Reserved.