401(k)s & IRAs For Dummies

From the basics down to investing,get the most out of your 401(k) and IRA in any economicenvironment

Whenyou’reready to startsettingaside(or withdrawing)money for your retirement—whenever that might be—401(k)s & IRAsFor Dummiesis here for you! It covers both types of retirement plans because they each havevaluable tax benefits, and youmay be able tocontribute 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.

Written byawell-knownexpertand‘father of the 401 (k)’,Ted Benna,401(k)s & IRAsFor Dummieshelps you keep up with the ever-changing rules surroundingboth 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:

• Tax strategies before and after retirement
• Required distributions and how much you need to take
• Penalties for taking money out early and how to avoid them
• What happens to your oryourspouse’s retirement plan after deathordivorce
• Therules for taking money out of an inherited plan
• Methods for calculating required minimum distributions
• Special tax benefits for conversions to Roth IRAs
• How to recharacterize IRA or Roth contributions
• 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 in401(k)s & IRAs For Dummies.Get your copy today!

Keywords: 401(k), ira, investments, before retirement, after retirement, retirement plan, savings, retirement savings, tax strategies, tax benefits, distributions, minimum distributions, maximum distributions, tax penalties, roth ira, investment risks