{"product_id":"401-k-s-iras-for-dummies-isbn-9781119817246","title":"401(k)s \u0026 IRAs For Dummies","description":"\u003cp\u003e\u003cb\u003eFrom the basics down to investing, get the most out of your 401(k) and IRA in any economic environment \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhen you’re ready to start setting aside (or withdrawing) money for your retirement—whenever that might be—\u003ci\u003e401(k)s \u0026amp; IRAs For Dummies\u003c\/i\u003e is here for you! It covers both types of retirement plans because they each have valuable tax benefits, and you may be able to  contribute to both at the same time. With the practical advice in this book, you learn how to manage your accounts, minimize your investment risk, and maximize your returns. Sounds like a win-win, no matter your situation or where you’re at in life. \u003c\/p\u003e \u003cp\u003eWritten by a well-known expert and ‘father of the 401 (k)’ , Ted Benna, \u003ci\u003e401(k)s \u0026amp; IRAs For Dummies\u003c\/i\u003e helps you keep up with the ever-changing rules surrounding both retirement plans—including the rules from the SECURE and CARES Acts—and avoid the mistakes that can lead to higher taxes and penalties. Additional topics include: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eTax strategies before and after retirement \u003c\/li\u003e \u003cli\u003eRequired distributions and how much you need to take \u003c\/li\u003e \u003cli\u003ePenalties for taking money out early and how to avoid them \u003c\/li\u003e \u003cli\u003eWhat happens to your or your spouse’s retirement plan after death or divorce \u003c\/li\u003e \u003cli\u003eThe rules for taking money out of an inherited plan \u003c\/li\u003e \u003cli\u003eMethods for calculating required minimum distributions \u003c\/li\u003e \u003cli\u003eSpecial tax benefits for conversions to Roth IRAs \u003c\/li\u003e \u003cli\u003eHow to recharacterize IRA or Roth contributions \u003c\/li\u003e \u003cli\u003eWhy IRA based plans are a better options for many small employers\u003c\/li\u003e \u003cli\u003eHelping solo entrepreneurs and other small businesses pick the right type of plan\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhether you’re just starting to think about a retirement plan, planning when to retire, or you’re facing retirement, you’ll find useful and practical guidance in \u003ci\u003e401(k)s \u0026amp; IRAs For Dummies\u003c\/i\u003e. Get your copy today! \u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction\u003c\/b\u003e\u003cb\u003e 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout This Book 1\u003c\/p\u003e \u003cp\u003eFoolish Assumptions 3\u003c\/p\u003e \u003cp\u003eIcons Used in This Book 4\u003c\/p\u003e \u003cp\u003eBeyond the Book 4\u003c\/p\u003e \u003cp\u003eWhere to Go from Here 4\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1: The ABCs of 401(k)s and IRAs 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Explaining IRAs and 401(k)s\u003c\/b\u003e\u003cb\u003e 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExploring the Basics of Retirement Savings Plans 9\u003c\/p\u003e \u003cp\u003eGetting down to 401(k) basics 10\u003c\/p\u003e \u003cp\u003eIntroducing IRAs 12\u003c\/p\u003e \u003cp\u003eComparing and Contrasting IRAs and 401(k)s 14\u003c\/p\u003e \u003cp\u003eAccentuating the Positive 16\u003c\/p\u003e \u003cp\u003eSaving up 16\u003c\/p\u003e \u003cp\u003eGetting employer contributions 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Taxing Issues\u003c\/b\u003e\u003cb\u003e 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRealizing the Reasons for Tax Breaks 19\u003c\/p\u003e \u003cp\u003eWhat the government gains 20\u003c\/p\u003e \u003cp\u003eWhat you gain 20\u003c\/p\u003e \u003cp\u003eTalking Tax Terms 21\u003c\/p\u003e \u003cp\u003eEarning your income 22\u003c\/p\u003e \u003cp\u003eCombining your income 22\u003c\/p\u003e \u003cp\u003eAdjusting your income with AGI 22\u003c\/p\u003e \u003cp\u003eFiguring your marginal tax rate 23\u003c\/p\u003e \u003cp\u003eGetting Credit for Contributions 24\u003c\/p\u003e \u003cp\u003eDeducting IRA contributions 24\u003c\/p\u003e \u003cp\u003ePaying attention if your spouse has a plan 25\u003c\/p\u003e \u003cp\u003eEarning extra credit according to income 27\u003c\/p\u003e \u003cp\u003eTaxing Income at Retirement 28\u003c\/p\u003e \u003cp\u003eStaying Alert to Changes in Tax Law 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Naming Beneficiaries and Planning for the Future\u003c\/b\u003e\u003cb\u003e 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeciding Who Gets Your Savings When You’re Gone 34\u003c\/p\u003e \u003cp\u003eDetailing the Distribution 35\u003c\/p\u003e \u003cp\u003eTalking Timing and Taxes 36\u003c\/p\u003e \u003cp\u003ePassing along Company Stock 37\u003c\/p\u003e \u003cp\u003eStarting the Roth Clock 39\u003c\/p\u003e \u003cp\u003eQualifying Your Charitable Giving 39\u003c\/p\u003e \u003cp\u003eGiving a good QCD 40\u003c\/p\u003e \u003cp\u003eLinking RMDs and QCDs (and minding your Ps and Qs) 40\u003c\/p\u003e \u003cp\u003eGiving tax free 41\u003c\/p\u003e \u003cp\u003eBeing a Beneficiary 42\u003c\/p\u003e \u003cp\u003eDeciding — or being told — what to do with the money 42\u003c\/p\u003e \u003cp\u003eSaying no to the money 43\u003c\/p\u003e \u003cp\u003eStretching an inherited IRA 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2: 401(k) Basics 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Checking the Benefits of a 401(k)\u003c\/b\u003e\u003cb\u003e 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRealizing What a 401(k) Does for You 48\u003c\/p\u003e \u003cp\u003eLowers how much tax you pay 49\u003c\/p\u003e \u003cp\u003eGets you matching funds from your employer 53\u003c\/p\u003e \u003cp\u003eMakes room for a little something extra: Employer non-matching contribution 55\u003c\/p\u003e \u003cp\u003eAllows you to save without tears 56\u003c\/p\u003e \u003cp\u003eVesting: When Your Employer’s Contribution is Yours to Keep 57\u003c\/p\u003e \u003cp\u003eVesting of employer contributions 57\u003c\/p\u003e \u003cp\u003eMaking exceptions (You knew this was coming, right?) 58\u003c\/p\u003e \u003cp\u003eLetting the Pros Work for You 59\u003c\/p\u003e \u003cp\u003eProtecting Your Money 60\u003c\/p\u003e \u003cp\u003eMeeting minimum standards 60\u003c\/p\u003e \u003cp\u003eAvoiding losses in bankruptcy 61\u003c\/p\u003e \u003cp\u003eWatching Out for Potential Pitfalls 62\u003c\/p\u003e \u003cp\u003eEarning more may mean contributing less 62\u003c\/p\u003e \u003cp\u003eBeing at the mercy of your plan 62\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Signing Up for a 401(k)\u003c\/b\u003e\u003cb\u003e 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExploring Your Eligibility 63\u003c\/p\u003e \u003cp\u003eSometimes you play a waiting game 64\u003c\/p\u003e \u003cp\u003eSometimes you can’t join at all 65\u003c\/p\u003e \u003cp\u003eSometimes you’re automatically in 66\u003c\/p\u003e \u003cp\u003eMaking Your Entry Date 66\u003c\/p\u003e \u003cp\u003eDeciding How to Invest Your Money 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Paying Attention to Administrative Issues \u003c\/b\u003e\u003cb\u003e69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFiguring on the Fees 69\u003c\/p\u003e \u003cp\u003eFinding the fees 70\u003c\/p\u003e \u003cp\u003eUnderstanding the fees 71\u003c\/p\u003e \u003cp\u003ePaying the fees 72\u003c\/p\u003e \u003cp\u003ePaying extra for extra services 74\u003c\/p\u003e \u003cp\u003eChecking on small business challenges 74\u003c\/p\u003e \u003cp\u003eConsidering Funding Issues 76\u003c\/p\u003e \u003cp\u003eMaking a mutual decision 76\u003c\/p\u003e \u003cp\u003eUnwrapping wrap fees 77\u003c\/p\u003e \u003cp\u003eProspecting in the prospectus 78\u003c\/p\u003e \u003cp\u003eKnowing What You Can Know 79\u003c\/p\u003e \u003cp\u003eWorking to Improve Your Plan 79\u003c\/p\u003e \u003cp\u003eUpgrading investment performance 80\u003c\/p\u003e \u003cp\u003eSearching out information 82\u003c\/p\u003e \u003cp\u003eQuestioning investment strategy 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Weighing Your Options When You Leave Your Employer\u003c\/b\u003e\u003cb\u003e 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaking Your Savings with You 88\u003c\/p\u003e \u003cp\u003eA Rolling 401(k) Gathers No Taxes 88\u003c\/p\u003e \u003cp\u003eRealizing that account size matters 89\u003c\/p\u003e \u003cp\u003eMoving your money to your new employer’s plan 90\u003c\/p\u003e \u003cp\u003eWaiting for the money to transfer 91\u003c\/p\u003e \u003cp\u003eLeaving Money with Your Old Employer 91\u003c\/p\u003e \u003cp\u003eTaking a Lump Sum 92\u003c\/p\u003e \u003cp\u003eTaking Stock into Account 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3: Here Come the IRAs 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Investing in an IRA\u003c\/b\u003e\u003cb\u003e 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLooking at the Basics of Your IRA 97\u003c\/p\u003e \u003cp\u003eStaying traditional 98\u003c\/p\u003e \u003cp\u003eTouching on Roth IRAs 99\u003c\/p\u003e \u003cp\u003eBenefiting from a spousal IRA 100\u003c\/p\u003e \u003cp\u003eStarting an IRA for a child 100\u003c\/p\u003e \u003cp\u003eSetting Up Your IRA 101\u003c\/p\u003e \u003cp\u003eDeciding where to invest your money 102\u003c\/p\u003e \u003cp\u003eOpening your account 103\u003c\/p\u003e \u003cp\u003eMaintaining Your IRA 104\u003c\/p\u003e \u003cp\u003eMoving Your IRA 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: To Roth or Not to Roth\u003c\/b\u003e\u003cb\u003e 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePredicting Future Tax Rates 108\u003c\/p\u003e \u003cp\u003eCalculating accurately 108\u003c\/p\u003e \u003cp\u003eTalking tax breaks 109\u003c\/p\u003e \u003cp\u003eThe “Or Not to Roth” Section 110\u003c\/p\u003e \u003cp\u003eTaking Money Out of Your Roth IRA 111\u003c\/p\u003e \u003cp\u003eConverting to Roth 112\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Rolling Over an IRA\u003c\/b\u003e\u003cb\u003e 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRolling-Over Basics (How to Shake is Next) 115\u003c\/p\u003e \u003cp\u003eRolling through the Process 117\u003c\/p\u003e \u003cp\u003eRolling through a conduit 119\u003c\/p\u003e \u003cp\u003eRolling partially over 120\u003c\/p\u003e \u003cp\u003eRolling Roths with care 120\u003c\/p\u003e \u003cp\u003eCalling a Roth Conversion: No, It’s Not a New Football Play 121\u003c\/p\u003e \u003cp\u003ePaying 20 Percent 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4: Saving and Investing 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Setting Up Your Savings Plan\u003c\/b\u003e\u003cb\u003e 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTargeting Your Retirement Date 126\u003c\/p\u003e \u003cp\u003eGetting Your Hands on Your Money 127\u003c\/p\u003e \u003cp\u003eDrawing on your Social Security 127\u003c\/p\u003e \u003cp\u003eTapping into other sources 131\u003c\/p\u003e \u003cp\u003eLiving the retirement life 133\u003c\/p\u003e \u003cp\u003eTesting the waters in your gene pool 134\u003c\/p\u003e \u003cp\u003eDeveloping Your Retirement Savings Plan 134\u003c\/p\u003e \u003cp\u003eCutting down on your expenses 134\u003c\/p\u003e \u003cp\u003ePicturing your progress 136\u003c\/p\u003e \u003cp\u003eCounting on compounding 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Determining How Much to Save\u003c\/b\u003e\u003cb\u003e 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImproving Your Chances of an Ideal Retirement 143\u003c\/p\u003e \u003cp\u003eDeciding How Much of Your Salary to Put Aside 144\u003c\/p\u003e \u003cp\u003eMaking use of your salary deferral agreement 144\u003c\/p\u003e \u003cp\u003eMeasuring your plan’s maximums 145\u003c\/p\u003e \u003cp\u003eBeing highly paid means different rules 146\u003c\/p\u003e \u003cp\u003eEstimating what your budget can afford 148\u003c\/p\u003e \u003cp\u003eBuilding Your Nest (Egg) 150\u003c\/p\u003e \u003cp\u003eIf you’re retiring in the near future 150\u003c\/p\u003e \u003cp\u003eIf your retirement is farther off 152\u003c\/p\u003e \u003cp\u003eUsing a retirement calculator 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Selecting Your Investments \u003c\/b\u003e\u003cb\u003e155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLooking Over the Investment Menu 156\u003c\/p\u003e \u003cp\u003eMoney market funds: Show me the money 157\u003c\/p\u003e \u003cp\u003eKeeping things reined in with stable value funds 159\u003c\/p\u003e \u003cp\u003eBonding your funds: Single portfolio seeks stable relationship 159\u003c\/p\u003e \u003cp\u003eDeciding one and done: Balanced and TDF funds 160\u003c\/p\u003e \u003cp\u003eStock funds: A feather in your cap 160\u003c\/p\u003e \u003cp\u003eInvesting where you work: Company stock 164\u003c\/p\u003e \u003cp\u003eBrokerage window: Don’t fence me in 165\u003c\/p\u003e \u003cp\u003eForging Your Own Investment Trail 167\u003c\/p\u003e \u003cp\u003eBaking Your Asset Allocation Pie 168\u003c\/p\u003e \u003cp\u003eCheck your ingredients and avoid these common mistakes 170\u003c\/p\u003e \u003cp\u003eOpen the oven door once in a while to check your progress 174\u003c\/p\u003e \u003cp\u003eMake sure that your pie complements the rest of the meal 174\u003c\/p\u003e \u003cp\u003eSeeking Help from the Pros 175\u003c\/p\u003e \u003cp\u003eFinding books and publications 175\u003c\/p\u003e \u003cp\u003eConsulting a real live person 176\u003c\/p\u003e \u003cp\u003eGoing online for info 177\u003c\/p\u003e \u003cp\u003eGoing online for advice 178\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Taking Reasonable Investment Risks\u003c\/b\u003e\u003cb\u003e 179\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefining Some Investment Basics 180\u003c\/p\u003e \u003cp\u003ePlaying debt instruments and making equity investments 180\u003c\/p\u003e \u003cp\u003eTaking a dip in the mutual fund pool 181\u003c\/p\u003e \u003cp\u003eWatching the return of the mummy er money 182\u003c\/p\u003e \u003cp\u003eDiversifying for fun and safety 183\u003c\/p\u003e \u003cp\u003eStaying In It to Win It 185\u003c\/p\u003e \u003cp\u003eSeizing the opportunity of a downturn 185\u003c\/p\u003e \u003cp\u003eBuying more when prices are low 186\u003c\/p\u003e \u003cp\u003eClassifying Different Types of Risk 187\u003c\/p\u003e \u003cp\u003eLosing more than you can stand 187\u003c\/p\u003e \u003cp\u003eLosing your entire investment 188\u003c\/p\u003e \u003cp\u003eOwning too much company stock 189\u003c\/p\u003e \u003cp\u003eNot having enough money to live on during your retirement 191\u003c\/p\u003e \u003cp\u003eUnderstanding the Risk-Reward Relationship 191\u003c\/p\u003e \u003cp\u003eDeciding How Much Risk You Can Stand 192\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 5: Money In, Money Out 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Making Contributions \u003c\/b\u003e\u003cb\u003e197\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChecking Out How Much You Can Contribute 197\u003c\/p\u003e \u003cp\u003eGauging the limits of the law 198\u003c\/p\u003e \u003cp\u003eSeeing what Uncle Sam allows (he’s extra generous if you’re 50 or older) 198\u003c\/p\u003e \u003cp\u003ePaying attention to the percent-of-pay limit 199\u003c\/p\u003e \u003cp\u003eHeeding limits on your personal IRA 200\u003c\/p\u003e \u003cp\u003eMaxing Out Matching Contributions 200\u003c\/p\u003e \u003cp\u003eTiming is Everything 201\u003c\/p\u003e \u003cp\u003eSpreading out your 401(k) contributions 201\u003c\/p\u003e \u003cp\u003eSpreading out your IRA contributions — or not 202\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Withdrawing Money Before You Retire\u003c\/b\u003e\u003cb\u003e 203\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaking Money from Your IRA 204\u003c\/p\u003e \u003cp\u003eAccessing Your 401(k) Plan Money While Working 205\u003c\/p\u003e \u003cp\u003eFacing Hardship with Your 401(k) at Your Side 206\u003c\/p\u003e \u003cp\u003eDefining a hardship 206\u003c\/p\u003e \u003cp\u003eDetermining the amount 208\u003c\/p\u003e \u003cp\u003eCalculating the tax you owe 209\u003c\/p\u003e \u003cp\u003eDipping into Your 401(k) Money to Buy Your First Home 210\u003c\/p\u003e \u003cp\u003eBoth a Borrower and a Lender Be 211\u003c\/p\u003e \u003cp\u003eGiving one good reason 211\u003c\/p\u003e \u003cp\u003eFiguring out how much you can borrow 212\u003c\/p\u003e \u003cp\u003eDetermining how much interest you pay 212\u003c\/p\u003e \u003cp\u003ePaying the piper: Repayment rules 212\u003c\/p\u003e \u003cp\u003eTo Loan or Not to Loan (To Yourself, That Is) 213\u003c\/p\u003e \u003cp\u003eWeighing a Hardship Withdrawal versus a Loan 214\u003c\/p\u003e \u003cp\u003eSaying No to Yourself 215\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Managing Your Plans after Retirement \u003c\/b\u003e\u003cb\u003e217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLooking Forward to Retirement 218\u003c\/p\u003e \u003cp\u003eDecisions, Decisions: What to Do with Your 401(k) Money 218\u003c\/p\u003e \u003cp\u003eBeing older can save you money 220\u003c\/p\u003e \u003cp\u003eFoiling the dreaded early withdrawal penalty 221\u003c\/p\u003e \u003cp\u003eLeaving money with your former employer 222\u003c\/p\u003e \u003cp\u003eMaking Withdrawals from Your IRA 223\u003c\/p\u003e \u003cp\u003ePaying Uncle Sam His Due: Required Withdrawals 224\u003c\/p\u003e \u003cp\u003eDeveloping a Strategy to Deal with the Tax Man 227\u003c\/p\u003e \u003cp\u003eWhich comes first: Plucking the chicken or emptying the nest egg? 227\u003c\/p\u003e \u003cp\u003eDealing with that darned company stock 228\u003c\/p\u003e \u003cp\u003eManaging Your Investments in Retirement 229\u003c\/p\u003e \u003cp\u003eLive long and prosper 230\u003c\/p\u003e \u003cp\u003eStay practical 230\u003c\/p\u003e \u003cp\u003eManaging Risk 231\u003c\/p\u003e \u003cp\u003eBalancing investments 231\u003c\/p\u003e \u003cp\u003eBuying an annuity 232\u003c\/p\u003e \u003cp\u003eConsolidating Your Accounts 235\u003c\/p\u003e \u003cp\u003eTending to Your Nest Egg 236\u003c\/p\u003e \u003cp\u003eRow, Row, Row Your Boat, Gently Down the Income Stream 237\u003c\/p\u003e \u003cp\u003eTreating Your Home Like the Asset It is 239\u003c\/p\u003e \u003cp\u003eAdding up the expenses 239\u003c\/p\u003e \u003cp\u003eMaking use of your equity 240\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 6: Helping Small Employers 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Plans from a Small Employer’s Perspective\u003c\/b\u003e\u003cb\u003e 243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePutting in the Effort 243\u003c\/p\u003e \u003cp\u003eMeeting Regular 401(k) Requirements is a Pain in the Pocketbook 244\u003c\/p\u003e \u003cp\u003eGetting to know ERISA and her requirements 245\u003c\/p\u003e \u003cp\u003eDieting won’t help top heavy plans 245\u003c\/p\u003e \u003cp\u003eSticking up for the little guy: Nondiscrimination tests 247\u003c\/p\u003e \u003cp\u003eCalculating the bottom line on employer contributions 249\u003c\/p\u003e \u003cp\u003eDeciding on other bells and whistles 249\u003c\/p\u003e \u003cp\u003eComparing 401(k)s 250\u003c\/p\u003e \u003cp\u003eGoing it alone: The solo 401(k) 250\u003c\/p\u003e \u003cp\u003eChoosing a safe harbor in a storm of requirements 251\u003c\/p\u003e \u003cp\u003eSpelling out QACA 252\u003c\/p\u003e \u003cp\u003eFinding Alternatives to a 401(k) Plan 253\u003c\/p\u003e \u003cp\u003eMaking it easy with payroll deductions 254\u003c\/p\u003e \u003cp\u003eSIMPLE Simon met a pie man 256\u003c\/p\u003e \u003cp\u003eContributing the funds with a Simplified Employer Pension (SEP) 258\u003c\/p\u003e \u003cp\u003eA Word about Cost 259\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Offering a 401(k) Plan\u003c\/b\u003e\u003cb\u003e 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFirst Things First 262\u003c\/p\u003e \u003cp\u003ePrioritizing employees: Being a fiduciary 263\u003c\/p\u003e \u003cp\u003eExploring the world of fees 264\u003c\/p\u003e \u003cp\u003eChoosing a 401(k) Provider 267\u003c\/p\u003e \u003cp\u003eGetting up close and personal — why you shouldn’t 268\u003c\/p\u003e \u003cp\u003eStreamlining the process with outside help 268\u003c\/p\u003e \u003cp\u003eGoing to a third party (the second one was lame) 271\u003c\/p\u003e \u003cp\u003eChoosing Investments and Advisors for Your 401(k) Plan 271\u003c\/p\u003e \u003cp\u003eSmall business seeking a 401(k) advisor 272\u003c\/p\u003e \u003cp\u003eSelecting the investments 273\u003c\/p\u003e \u003cp\u003eFiguring out what types of funds to offer 274\u003c\/p\u003e \u003cp\u003eWrapping Up a Package of 401(k) Plans 275\u003c\/p\u003e \u003cp\u003eJoining Up: MEPs, PEPs, and PPPs 277\u003c\/p\u003e \u003cp\u003eSeeking common ground: MEPs 277\u003c\/p\u003e \u003cp\u003eConnecting PEPs and PPPs 278\u003c\/p\u003e \u003cp\u003eA 401(k) is a Terrible Thing to Waste: Educating Employees 278\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Choosing a Plan for Your Business \u003c\/b\u003e\u003cb\u003e279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSelecting a Plan That’s Right for You 279\u003c\/p\u003e \u003cp\u003eConsidering Real-Life Examples 282\u003c\/p\u003e \u003cp\u003eMeeting a small business’s needs with a SEP 282\u003c\/p\u003e \u003cp\u003eReaching personal contribution goals with the SIMPLE plan 283\u003c\/p\u003e \u003cp\u003eAdopting the standard 401(k) for a growing business 284\u003c\/p\u003e \u003cp\u003eAttracting employees with a QACA 401(k) 285\u003c\/p\u003e \u003cp\u003eGetting Credit to Set Up 286\u003c\/p\u003e \u003cp\u003eChanging Service Providers 287\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 7: The Part of Tens 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Ten \u003c\/b\u003e\u003cb\u003e+ Two Ways to Save For Retirement 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJoin an Employer-Based Retirement Plan 293\u003c\/p\u003e \u003cp\u003eSet Up Automatic Withdrawals 294\u003c\/p\u003e \u003cp\u003eStart Young 294\u003c\/p\u003e \u003cp\u003eDeposit Bonus Money in Your Retirement Account 294\u003c\/p\u003e \u003cp\u003eEarmark $20 a Week for Your Retirement Fund 295\u003c\/p\u003e \u003cp\u003eDeposit Your Tax Refund into Your Retirement Account 295\u003c\/p\u003e \u003cp\u003eCancel Subscriptions You No Longer Use 295\u003c\/p\u003e \u003cp\u003eRefinance Your Mortgage 295\u003c\/p\u003e \u003cp\u003eShop for Better Insurance Rates 296\u003c\/p\u003e \u003cp\u003eResist Click Bait 296\u003c\/p\u003e \u003cp\u003eThink Before You Spend 296\u003c\/p\u003e \u003cp\u003eReduce Your Transportation Costs 297\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: Ten Questions about IRAs Answered\u003c\/b\u003e\u003cb\u003e 299\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhere can I start an IRA? 299\u003c\/p\u003e \u003cp\u003eDo I need to hire a broker or financial advisor to start an IRA? 300\u003c\/p\u003e \u003cp\u003eHow much can I contribute to my IRA? 300\u003c\/p\u003e \u003cp\u003eWhat tax breaks do I get for having an IRA? 300\u003c\/p\u003e \u003cp\u003eHow do I take money out of my IRA? 300\u003c\/p\u003e \u003cp\u003eHow much tax do I have to pay when I withdraw money from my IRA? 301\u003c\/p\u003e \u003cp\u003eWhat can I invest in through my IRA? 301\u003c\/p\u003e \u003cp\u003eWhat’s the safest way to invest my IRA money? 301\u003c\/p\u003e \u003cp\u003eIs my IRA insured? 302\u003c\/p\u003e \u003cp\u003eCan I start an IRA for my spouse and\/or children? 302\u003c\/p\u003e \u003cp\u003eWhen do I have to start taking money out of my IRA? 303\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23: Ten Reasons to Participate in a 401(k)\u003c\/b\u003e\u003cb\u003e 305\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eYou Can’t Afford Not To 305\u003c\/p\u003e \u003cp\u003eThe Stock Market Can Be Your Friend 306\u003c\/p\u003e \u003cp\u003eYou May Get Contributions from Your Employer 306\u003c\/p\u003e \u003cp\u003eYour 401(k) Money is Placed Safely in a Trust 306\u003c\/p\u003e \u003cp\u003eAny Plan is Better than No Plan 307\u003c\/p\u003e \u003cp\u003eYour Account is Portable 307\u003c\/p\u003e \u003cp\u003eYou May Be Able to Take Out a Loan 307\u003c\/p\u003e \u003cp\u003eSocial Security Isn’t Enough 308\u003c\/p\u003e \u003cp\u003eThe Younger You Start, the More You Can Save 308\u003c\/p\u003e \u003cp\u003eYou Can Contribute More as You Get Older 309\u003c\/p\u003e \u003cp\u003eIndex 311\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTed Benna\u003c\/b\u003e is commonly referred to as the “father of 401(k)” because he created and gained IRS approval of the first 401(k) savings plan.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBrenda Watson Newmann\u003c\/b\u003e began her career as an Associated Press foreign correspondent and later moved to Silicon Valley as Managing Editor at \u003ci\u003e401k Forum\/mPower\u003c\/i\u003e.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCraft a solid retirement plan at any age\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOne day, the fantasy will become a reality: Work will be a thing of the past. When that day comes, you’ll be ready, thanks to \u003ci\u003e401(k)s \u0026amp; IRAs For Dummies\u003c\/i\u003e. This is the only guide you need to take advantage of these popular savings plans. Inside, you’ll find clear explanations of your available choices, easy-to-understand info that will cure your tax headache, and the latest on changing rules and regs. Do a little math now, with a lot of help from Dummies, and before you know it you’ll be kicking your feet back and watching the distributions roll in. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eInside…\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\u003cb\u003e\u003cli\u003eEarly-life saving strategies\u003c\/li\u003e \u003cli\u003eIdeas for a comfortable retirement\u003c\/li\u003e \u003cli\u003eTraditional and Roth IRAs\u003c\/li\u003e \u003cli\u003eTax benefits and penalties, explained\u003c\/li\u003e \u003cli\u003eMandatory withdrawal rules\u003c\/li\u003e \u003cli\u003eTips for calculating distributions\u003c\/li\u003e \u003cli\u003eInherited and joint plans\u003c\/li\u003e \u003cli\u003eHelp with planning ahead\u003c\/li\u003e\u003c\/b\u003e\u003c\/ul\u003e","brand":"For Dummies","offers":[{"title":"Default Title","offer_id":47988592738533,"sku":"NP9781119817246","price":29.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119817246.jpg?v=1761780891","url":"https:\/\/k12savings.com\/es\/products\/401-k-s-iras-for-dummies-isbn-9781119817246","provider":"K12savings","version":"1.0","type":"link"}