Eric Bayne
Eric's latest writings
Understanding the 401K Rollover Guidelines
Understanding the 401k rollover rules is crucial if you don't want to end up inadvertently paying thousands of dollars in extra taxes. Although 401K plans and IRA plans are both retirement plans they are very different. If you have an IRA plan, you both control and own it. In a 401K plan, however, you do not control it. The money is held in a trust (i.e., a defined contribution plan). And you, as the employee or... (posted by Eric 3 years 22 days ago.)
Understanding the 401k rollover rules is crucial if you don't want to end up inadvertently paying thousands of dollars in extra taxes. Although 401K plans and IRA plans are both retirement plans they are very different. If you have an IRA plan, you both control and own it. In a 401K plan, however, you do not control it. The money is held in a trust (i.e., a defined contribution plan). And you, as the employee or... (posted by Eric 3 years 22 days ago.)
Simple Explanation of a 401K Plan
One of the great safety net in modern times is the Social Security system. It's a fantastic retirement income system that has enabled many retirees to live out their golden years in a dignified manner. But Social Security was never meant to be the sole source of income for retirees. It was only meant to be a supplementary source of income to a person's pension payments and other investments. Recognizing that people were... (posted by Eric 3 years 59 days ago.)
One of the great safety net in modern times is the Social Security system. It's a fantastic retirement income system that has enabled many retirees to live out their golden years in a dignified manner. But Social Security was never meant to be the sole source of income for retirees. It was only meant to be a supplementary source of income to a person's pension payments and other investments. Recognizing that people were... (posted by Eric 3 years 59 days ago.)
How Social Security Begin And Why It's Still Here
It's hard to believe that Social Security has been with us for over sixty years. The first Social Security check went out in the mail in 1940 even though President Roosevelt had signed the Social Security Act into law, five years earlier. Since then, many American seniors have been thankful to receive that monthly financial safety net as they entered their retirement years. In the original incarnation... (posted by Eric 3 years 129 days ago.)
It's hard to believe that Social Security has been with us for over sixty years. The first Social Security check went out in the mail in 1940 even though President Roosevelt had signed the Social Security Act into law, five years earlier. Since then, many American seniors have been thankful to receive that monthly financial safety net as they entered their retirement years. In the original incarnation... (posted by Eric 3 years 129 days ago.)
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