Financial Planning and Advice Blog for Syracuse
Want to keep up with the latest news in the financial sector? HighPoint Advisors in East Syracuse, NY makes sure all our clients have the latest up to date financial information to better plan for their future. Feel free to browse the blog below to learn more about the current financial market.
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Distributions and Rollovers: What You Need to Know About Roth 401(k)s
By Sarah Flick October 22, 2020 No Comments
The Roth 401(k) shares features of both the Roth IRA and regular 401(k) plans. Perhaps the biggest difference between regular 401(k) plans and Roth 401(k)s is that employees can contribute after-tax dollars in a separate account where the assets can grow and be withdrawn tax free. But there are other differences between the two employer-sponsored plans that need to be considered. For instance, if you anticipate making a job change or retiring in the near future, you'll want to pay close attention to the rules governing distributions from Roth 401(k)s. This article looks at the key issues surrounding distributions from and rollovers of Roth 401(k) plans. Keep on reading...
Facing Possible Unemployment? Take These Steps to Prepare
By Sarah Flick September 22, 2020 No Comments
If you’re facing unemployment or concerned about the possibility of upcoming layoffs, there are some small, proactive steps you can take now to help make this difficult time more manageable.