A 401k plan participant leaving an employer typically has four options (and may engage in a combination of these options): Roll over assets to an IRA Roll over the assets to his new employer’s plan, if one is available and rollovers are permitted Leave the money in their former employers plan, if permitted or cash out the account value. A …
Financial Planning in your 40’s
If you are a consistent planner for the future, then you should have been in an excellent financial position when you touch your 40’s. Most of us, however, are not. It is clear that we have a lot of catching up to do. Remember, financial planning is one of the most important actions at this juncture in your life. If you are …
An Overview of the Arizona College Savings (529 plan) Program
The Arizona Family College Savings Program (529 Plan) forms the Section 529-College Savings Plan. It falls under the sponsorship of the State of Arizona utilizing the Arizona Commission for Post Secondary Education. The 529 Plan has been formulated to support families trying to meet the increasing expenditure involved in attaining higher education. The program offers a simple, flexible as well …
Estate Planning for Those Living in Blended Families
Today majority of blended families live together peacefully without any issues. However, what if one spouse dies suddenly? How are the biological children of the deceased spouse placed in terms of inheritance? It is particularly important for blended families to discuss matters related to estate planning before hand. Here are a few points that could help with estate planning for …