This is the story of Al, Bob and Carl. Each cousin is the non-spouse beneficiary of his father’s 401(k) plan. Their fathers worked together at the local automotive factory for their entire lives and were all covered by the same plan. The default distribution option in the plan for non-spouse beneficiaries is a five-year payout.
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Jonathan listening on the iHeartRadio app in West Virginia calls in and asks Gregory about the basics of his 401k. What does a 401k do for you? How should you set it up?
On Winning at Life, Gregory Ricks and James Parker discuss a comment card from a recent Gregory Ricks Live. They are newlyweds in their 30s looking for some direction on what they should be doing now that they’ve maxed their 401ks, and would like to invest beyond that.
On Winning at Life, Gregory Ricks and James Parker explain how a rarely used rule called Net Unrealized Appreciation can dramatically reduce the tax burden of getting stocks out of your company plan.
On Winning at Life with Gregory Ricks, Gregory and James answer questions from viewers on Periscope who are asking common questions about what to do with the money in your 401k. Where do I put it in the market? How much do I put in the market? How do I know if I’m getting killed
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