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eRollover.com Nurture Your 401k Portfolio Using Asset Allocation Here's a quick quiz. Which strategy is more likely to help you reach your retirement goals: finding the next hot fund about to rally and investing everything in it, or splitting your money among carefully selected funds, some of which don't even appear to be winners? If you answered the latter, you probably have a good idea of what asset allocation is about. If you answered "finding the hot fund," you need to pay especially...

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eRollover.com 401k Plans, 401k Rollovers, & Self-Directed IRA's (Transferring your 401k from your previous employer into a Rollover IRA) What is a 401k Rollover? A 401k rollover occurs when you change jobs or retire and then elect to transfer or "rollover" your 401k into a new IRA. This process of transferring a 401k with a previous employer into an IRA is referred to as a “401k Rollover”, “Rollover IRA” or “IRA Rollover.” The assets in your 401k can be transferred from your 401k directly to...

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Subscribe to erollover.com Blog by Email Congress mulls major 401(k) changes eRollover.com A wide range of sweeping changes to the 401(k) system were proposed Tuesday at a hearing on how the market crisis has devastated retirement savings plans. Chief among them was eliminating $80 billion in tax savings for higher-income people enrolled in 401(k) retirement savings plans. This was suggested by the chairman of the House Committee on Education and Labor. “With respect to the 401(k), it appears to be a plan that is not...

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Subscribe to erollover.com Blog by Email Obama and McCain Tax Proposals by Mike Rowan, eRollover.com I have watched over the past couple of months as Republicans and Democrats alike have argued about their economic and tax plans. This economy, and the behavior of the stock market, has every voter worried about their way of life moving forward. Although I believe that this recession will be behind us before we know it, every investor will be receiving their 401k, 403b, or...

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Subscribe to erollover.com Blog by Email Things to consider before you move your 401k into an IRA by Mike Rowan, eRollover.com Typically when you leave a job, you should roll over your 401(k) to an IRA. Rollovers allow you to continue delaying taxes on your nest egg as it accumulates and avoid an early-withdrawal penalty. However, many people choose to leave their 401(k) with their old company, or roll it into their new company’s plan. There are several points to...

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Subscribe to erollover.com Blog by Email Introduction To Forex Trading by Mike Rowan, eRollover.com Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as forex, is the most lucrative investment market that exists. There are several factors that make this true among which,...

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Subscribe to erollover.com Blog by Email eRollover.com Education Center by Mike Rowan, eRollover.com eRollover.com, the web's leading portal for 401k, IRA, Retirement, and Personal Finance, has added a new feature on our site to help our members and visitors become more comfortable with all financial topics. With eRollover's Education center, we have aggregated numerous topics about personal finance and retirement that are commonly sought out by our users and readers. In addition, we would like to make this a place where...

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Subscribe to erollover.com Blog by Email Asset Allocation Analysis for your 401k or IRA by Mike Rowan, eRollover.com As I sit here this morning watching the stock market futures tumble, I can't help but think about investors out there who feel panic and despair about their retirement portfolios. I know that this stock market behavior over the last 2 months has been absolutely brutal and there is almost no place to hide. Even money market funds have been frozen and...

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Subscribe to erollover.com Blog by Email The Difference between Term and Permanent Life Insurance by Mike Rowan, eRollover.com Many people ask me, "What is the difference in Term and Permanent Life Insurance?" So, I thought that I would write a quick excerpt explaining the basic differences between the 2 plans. Please keep in mind, each individual should review their own situation before committing to any life insurance plan. We encourage you to consult an advisor before deciding on a policy. You...

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Subscribe to erollover.com Blog by Email 401k and 403b Rollover Mistakes by Mike Rowan, eRollover.com Have you thought about rolling your Traditional IRAs from one financial institution to another? Maybe you're looking for higher returns, more investment selections or better service. If you roll over your Traditional IRA, there are some common mistakes you must avoid. If you don't, you could face unnecessary taxes and penalties. In this article, we'll give you an overview of IRA rollover rules and help...

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Subscribe to erollover.com Blog by Email Index Annuities-Protection in a Volatile Market by Mike Rowan, eRollover.com What is an index annuity? There are two major types of annuities in the world — fixed and variable. An indexed annuity is a deferred annuity whose return is tied to the performance of a particular equity market index. Your investment principal is usually protected against severe market downturns, in that you may have an annual return of 0% but not less than...

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Subscribe to erollover.com Blog by Email What is a 457 Retirement Plan? eRollover.com A 457 plan is a retirement or pension plan that provides benefits to government employees as well as employees of tax-exempt organizations. Employees participating in 457 plans are allowed to defer their compensation on a before-tax basis via regular payroll deductions. Money placed in these accounts grows on a federally tax-free basis until withdrawn. Today, we're going to explain the basics of 457 retirement plans, touching on...

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Subscribe to erollover.com Blog by Email The Estate Tax: McCain vs. Obama By Mike Rowan, eRollover.com For a tax that each year affects only a few hundred of the nation's 27 million small companies, the estate tax manages to scare an outsize number of entrepreneurs: In a July Zogby poll of small-business owners, nearly half said they believe they will be affected by the fee critics call "the death tax." Prior to President Bush's 2001 tax cuts, the estate tax levied a 55%...

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Subscribe to erollover.com Blog by Email What to look for in a Disability Insurance Policy Buying disability insurance probably ranks low on your financial to-do list. After all, if you're young and healthy and you work at a desk job, what are the odds you're going to need it? Well, you might not think of a broken bone, a problem pregnancy or an anxiety condition as disabling, but all of them could keep you out of work. About 30 percent of Americans...

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Subscribe to erollover.com Blog by Email Warren Buffett's NY Times Op-Ed: Buy American. I Am. This is the text of an opinion piece written by Warren Buffett and published in the New York Times on Friday, October 17, 2008: Intro by Mike Rowan, eRollover.com I really do not like to purely rely on other people's articles or opinions on my blog. However, when it comes to Warren Buffett, I think that his logic about the stock market is paramount during these volatile times....

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By Mike Rowan, 09/25/2009

Obama proposes to lift penalties for limited IRA, 401k, 403b withdrawals

I was watching the Presidential debate last night and heard Barack Obama mention that he would implement a plan where individuals would have access to some of their 401k, IRA, 403b, or 457 Plan money, penalty free. This would help them to have access to some funds during this financial crisis. I think that this is actually a...

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Subscribe to erollover.com Blog by Email New 403(b) Transfer Rules New 403(b) regulations set to go into effect January 1, 2009 will impose new rules on the transfer of 403(b) money. "Old style" outside-of-plan 90-24 transfers will not be permitted after September 24, 2007. Note: New regulations are still being interpreted and this story represents our best understanding of transfer rules now. We will continually update this page as necessary. Transfer Options Want to switch vendors? Leaving your...

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Subscribe to erollover.com Blog by Email How to Research Mutual Funds By Mike Rowan, eRollover.com Today, I’ll follow up with some suggestions about how to research mutual funds for your 401k, 403b, or IRA. You can apply the analysis to funds in your retirement plan, as well as to funds that you’ve uncovered in other ways. Also, I want to stress the importance of asset allocation in your 401k, especially during these volatile times in the market. A GREAT tool for doing...

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Subscribe to erollover.com Blog by Email Your 401k will be okay By Mike Rowan, eRollover.com It is hard to believe, but one year ago Thursday marks the S&P 500's highest closing on record. Fast forward 12 months and the economy rests in a state of crisis. Virtually every American will feel Wall Street's failure, even those tapping into their 401k. "Far as I know, I try to keep up but I've lost an awful lot of money in the last say three months,"...

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Subscribe to erollover.com Blog by Email Surviving a 401(k) freak out By Walter Updegrave, Money Magazine senior editor View Original Blog Here I thought that Walter did a great job with this article and wanted to share it with our readers. Please visit his site and give him credit for this article with advice for your 401k, 403b, IRA, or other Retirement Plans. Question: My 401(k) is invested entirely in stocks and has dropped 30% over the last two months. Should I move...

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Subscribe to erollover.com Blog by Email by Mike Rowan www.Erollover.com 2008 Return of Premium Life Insurance (ROP Term) Return of premium life insurance is a newly introduced term life insurance policy that provides both death benefit protection and a return of premium insurance feature. Return of premium life Insurance is aimed right at one of the greatest objections to term life: “I am probably not going to die, and my money will have been wasted." Here’s how it works: If you keep your...

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Subscribe to erollover.com Blog by Email by Mike Rowan www.Erollover.com 2008 Identify your goals early and know your threshold for volatility. The ultimate financial goal for your 401k, 403b, or 457 Plan is, of course, retirement. How soon you retire - and your lifestyle - can be greatly affected by your decisions on asset allocation made earlier in your investing career. In accounting for risk in your asset allocation, it's more productive to think in terms of your tolerance for volatility and...

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Subscribe to erollover.com Blog by Email by The Associated Press www.Erollover.com 2008 The Newest Community for Personal Finance, Investing, and Retirement Topics is eRollover.com. Erollover.com, the leading portal for 401k’s, Retirement, and Personal Finance Topics, is proud to announce that we have opened up a new feature on our website that allows users to submit and share their own financial articles, photos, videos, and webcasts! Anyone is welcome to share exactly what interests them via these forms of media, while...

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Subscribe to erollover.com Blog by Email What is Long-Term Care? By eRollover 2008 Individuals need long-term care when a chronic condition, trauma, or illness limits their ability to carry out basic self-care tasks, called activities of daily living (ADLs), (such as bathing, dressing or eating), or instrumental activities of daily living (IADLs) (such as household chores, meal preparation, or managing money). Long-term care often involves the most intimate aspects of people’s lives—what and when they eat, personal hygiene, getting dressed, using the bathroom....

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Subscribe to erollover.com Blog by Email What is a 401k, 403b, or 457 Rollover to an IRA? By Mike Rowan eRollover 2008 Generally, after a person leaves the employment of a company, they are given the option to roll their 401K or other plans into a new company’s plans, or, if available, or into a Rollover IRA. Frequently, the choice is made to roll into an IRA because of the flexibility and vast array of investment choices available. Once in an IRA, the owner is...

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Subscribe to erollover.com Blog by Email Holding Onto My AIG Policies October 1st, 2008 by Jon Dressner, Senior Vice President of the LIFE Foundation In yesterday’s Washington Post, there was an article that examined whether AIG policyholders should cancel their life insurance policies and annuities in light of the insurance giant’s near meltdown several weeks ago. The Post interviewed various state regulators, and their advice to consumers appeared to be unanimous: “Stay put.” My wife and I own AIG life insurance policies and we’re doing...

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