Frequently Asked Questions
For your convenience, we have developed a list of the most common questions our prospective clients ask during their search for a money manager.
Answering Your Retirement Plan Questions
While it is usually preferable to save as much as possible for retirement, you should do so within your means.Read More
There are two types of 401(k)s: traditional and Roth. The main difference between the two types is the way taxes are handled. Contributions to a traditional 401(k) are made pre-tax—that is, taken from your paycheck before income or other taxes are assessed. You are then taxed on withdrawals from the account when you take them. Contributions to a Roth 401(k) are made after-taxes are assessed on your income, meaning later withdrawals from the account are not taxed again.Read More
Required minimum distributions, or RMDs, are government-mandated withdrawals that begin to affect 401(k) and IRA owners and their beneficiaries when they reach a specific age or at death. Those that inherit a 401(K) or an IRA from a deceased party may also be subject to RMDs depending on the type of account they inherit, the age of the decedent and whether RMDS have already been taken. This is a highly complex subject and should be discussed with a qualified tax professional before beginning to take withdrawals.Read More
A 401(k) is an employer-sponsored retirement savings account, which gives employees the option to contribute a percentage of their salary or a certain dollar amount.Read More
An individual retirement account (IRA) is a tax-advantaged investment vehicle set up at a financial institution that allows you to make investments to help save for retirement.Read More
A rollover is when you move assets from one eligible retirement plan (a 401(k), for example) into a new or existing tax-advantaged retirement account. Many people may elect to roll over a 401(k) when they retire or leave their employer.Read More
It is prudent to discuss any IRA withdrawal strategy with a tax adviser beforehand, since individual circumstances can vary.Read More
Find a Private Wealth or Business 401(k) Representative Near You.
For personal, friendly assistance, contact a Fisher Investments' representative in your area.