From the basics down to investing, get the most out of your 401(k) and IRA in any economic environmentÂ
When you're ready to start setting aside (or withdrawing) money for your retirementâwhenever that might beâ401(k)s & IRAs For Dummies 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.Â
Written by a well-known expert and 'father of the 401 (k)' , Ted Benna, 401(k)s & IRAs For Dummies helps you keep up with the ever-changing rules surrounding both retirement plansâincluding the rules from the SECURE and CARES Actsâand avoid the mistakes that can lead to higher taxes and penalties. Additional topics include:Â
- Tax strategies before and after retirementÂ
- Required distributions and how much you need to takeÂ
- Penalties for taking money out early and how to avoid themÂ
- What happens to your or your spouse's retirement plan after death or divorceÂ
- The rules for taking money out of an inherited planÂ
- Methods for calculating required minimum distributionsÂ
- Special tax benefits for conversions to Roth IRAsÂ
- How to recharacterize IRA or Roth contributionsÂ
- Why IRA based plans are a better options for many small employers
- Helping solo entrepreneurs and other small businesses pick the right type of plan
Whether 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 401(k)s & IRAs For Dummies. Get your copy today!Â
