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IRA Rollover

May 15

Shopko 401k – Options You Must Know

By 401k, IRA Rollover, Shopko
If you were a Shopko employee that has been affected by the announcement of closure of operations in early 2019, then you have some decisions on what to do with your old 401(k).

Normally, when you leave a job you have the option to (1) leave your 401(k) account where it is, (2) roll it into a new company 401(k), (3) roll it into an Individual Retirement Account (IRA), or (4) cash it out (which for most is a terrible option). An IRA is an account that you own personally and is tax-deferred (meaning you don’t pay tax until you withdraw the money, typically after you retire).

Since Shopko Corporation is closing, you’ll need to either roll the account into your new company 401(k) or roll it into an IRA. In today’s blog, I’ll describe how to properly roll your old 401(k) into an IRA. Read More

Jan 24

Kimberly-Clark 401k – 10 Things You Must Know

By 401k, IRA Rollover, Kimberly Clark, Retirement

Kimberly-Clark 401k

Founded in Neenah, WI in 1872, Kimberly-Clark employs approximately 43,000 people worldwide and is a multi-national personal care corporation. While the company is now headquartered in Texas, Kimberly-Clark still has a major presence in Wisconsin, right in Endowment Wealth Management’s backyard in Appleton, WI. Our firm advises numerous current and former employees, so after scouring through the nearly 80 pages of documents and materials, I’ve compiled the 10 things that you must know about the Kimberly-Clark 401k. The better educated you are about your 401k benefits, the greater your chances of making smart decisions and achieving great retirement outcomes. Read More

Jan 01

How To Roll Your 401(k) To An IRA

By 401k, IRA Rollover, Retirement
Gone are the times of joining a company straight out of school and staying with them 30-40 years until retirement. Now more than ever employees are transitioning from one company to another.

When you leave a job, you’ll want to make a knowledgeable decision on what to do with your old 401(k) account. You have the option to (1) leave it where it is, (2) roll it into a new company 401(k), (3) roll it into an Individual Retirement Account (IRA), or (4) cash it out (which for most is a terrible option). An IRA is an account that you own personally and is tax-deferred (meaning you don’t pay tax until you withdraw the money, typically after you retire).

In today’s blog, I’ll describe how to properly roll your old 401(k) into an IRA. Read More

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