When you leave an employer for non-retirement reasons, for a new job, or just to be on your own, you have four options for your 401(k) plan:
- Cash out your 401(k)
Rolling Over Your 401(k) to an IRA
The report also found that nearly a quarter of people use the same password for every site they are signed up to.
- Death may be behind the ritual of the critic’s top 10 lists, including that of physical media: Lists are easy to read on cellphones even if the deluge of entertainment media increasingly makes comprehensive viewing near-impossible. More than 900 movies will have opened in New York by the end of this year, many slipping in and out of theaters quickly and racing toward on-demand oblivion. Even so, I watched several hundred features over the year and liked quite a few; the major studios and the independent sector released the expected junk but, as usual, movies of merit. What follows are my favorite moving pictures of 2015 and another 10 miscellaneous notes on the year.
- That was a less marked jump than the 3 percentage point rise from August to September, however, suggesting recent curbs to property purchases may be having some effect.
- 肯尼迪中心为她的善举给她颁发了希望的波澜奖（the Ripple of Hope Award），泰勒也成为此奖项的最年轻获得者。
Some 401(k) plans have only a half dozen funds to choose from, and some companies strongly encourage participants to invest heavily in the company's stock. Many 401(k) plans are also funded with variable annuity contracts that provide a layer of insurance protection for the assets in the plan at a cost to the participants that often run as much as 3% per year. Depending on which custodian and which investments you choose, IRA fees tend to run cheaper.
With a small handful of exceptions, IRAs allow virtually any type of asset: stocks, bonds, certificates of deposit (CD), mutual funds, exchange traded funds, real estate investment trusts (REITs), and annuities. If you're willing to set up a self-directed IRA, even some alternative investments like oil and gas leases, physical property, and commodities can be purchased within these accounts.
The main benefit of a traditional IRA is that your investment, up to a certain amount, is tax-deductible now. You deposit pre-tax money into an IRA, and the amount of those contributions is subtracted from your taxable income. If you have a traditional 401(k), the transfer is simple, since those contributions were also made pre-tax.
Tax deferral won’t last forever, however. You must pay taxes on the money and its earnings later when you withdraw the funds. And you are required to start withdrawing them at age 72, a rule known as taking required minimum distributions (RMDs), whether if you’re still working or not. (RMDs are also required from most 401(k)s when you reach that age, unless you are still employed—see below.)
Previously, RMDs began at age 70½, but the age has been bumped up following new retirement legislation passed into law in December 2019—the ['d?kjum?nt].
In contrast, if you opt for a Roth IRA rollover, you must treat the entire account as taxable income immediately. You’ll pay tax now on this amount (federal income tax as well as state income taxes, if applicable). What’s more, you’ll need the funds to pay the tax and may have to increase withholding or pay estimated taxes to account for the liability.
However, assuming you maintain the Roth IRA for at least five years and meet other requirements, then all of the funds—your after-tax contribution plus earnings on them—are tax-free.
4. The 2012 Ig Nobel Neuroscience Prize
There are no lifetime distribution requirements for Roth IRAs, so funds can stay in the account and continue to grow on a tax-free basis. You can also leave this tax-free nest egg to your heirs. But those who inherit the account must draw down the account over the 10-year period following your death, as per new rules outlined in the SECURE Act. Previously, they could draw down the account over their life expectancy.
If your 401(k) plan was a Roth account, then it can only be rolled over to a Roth IRA. This makes sense since you already paid taxes on the funds contributed to the designated Roth account. If that's the case, you don’t pay any tax on the rollover to the Roth IRA. To do a rollover from a traditional 401(k) to a Roth IRA, however, is a two-step process. First, you roll over the money to an IRA, then you convert it to a Roth IRA.
Deciding Which IRA to Choose
Where are you financially now versus where you think you’ll be when you tap into the funds? Answering this question may help you decide which rollover option to use. If you’re in a high tax bracket now and expect to need the funds before five years, a Roth IRA may not make sense. You’ll pay a high tax bill upfront and then lose the anticipated benefit from tax-free growth that won’t materialize.
The need to rebuild supersedes the desire to not give Boston another great pick. That hole has already been dug. Time to crawl out the only way you can: slowly, through smart draft picks, trades, and signings.
The refugees have streamed into Greece, Bulgaria, Italy, Spain, Malta and Cyprus during 2015, with a huge majority -- over 800,000 -- arriving by sea in Greece. About 3,600 died or disappeared trying to make the perilous Mediterranean Sea crossing between North Africa and Italy.
Sales & Marketing
Will you need money before you retire? Bear in mind that all withdrawals from a traditional IRA are subject to regular income tax (plus a penalty if you’re under 59½). In contrast, withdrawals from a Roth IRA of after-tax contributions (the transferred funds you already paid taxes on) are never taxed. You’ll only be taxed if you withdraw earnings on the contributions before you've held the account for five years; these may be subject to a 10% penalty as well if you’re under 59½ and don’t qualify for a penalty exception.
“We do things for other reasons than a profit motive, we do things because they are right and just,” Mr Cook growled. Whether in human rights, renewable energy or accessibility for people with special needs, “I don’t think about the bloody ROI,” Mr Cook said, in the same stern, uncompromising tone that Apple employees hope they never have to hear. “Just to be very straightforward with you, if that’s a hard line for you?.?.?.?then you should get out of the stock.”
2010 U.S. unemployment rate (average): 10.2%
In 2016, China's box-office experienced a shock correction, with growth plummeting to just 3.7 percent from a roaring 48 percent rate in 2015.
You'd probably never think that a belt could be integrated with artificial intelligence, yet Belty managed to do it and make it seem stylish. The Beltyautomatically makes you think, "why do I need this?" Then your second thought will probably be, "what if it's hacked and they make it so tight I can't breathe?" The first question is rational; the second one is far-fetched — but if it makes you think twice about buying this product, that's not a bad thing.
Keeping the Current 401(k) Plan
But Schultz didn't stop there. The chief executive also offered free coffee for a few days during the shutdown to customers who bought someone else their drink. Schultz hoped the campaign would help people "connect with one another, even as we wait for our elected officials to do the same for our country."
10. Run the Jewels “Run the Jewels 2” (Mass Appeal) Speaking of urgent and stinging, Killer Mike and El-P, veteran underground rappers from different scenes, found firm traction on their second round as Run the Jewels. Their flow is strong and their focus is furious on an album that calls out power structures but lets nobody off the hook.
其他人将想方设法利用技术来帮助人们减少上网时间。谷歌(Google)前雇员特里斯坦哈里斯(Tristan Harris)发起的“时光莫虚度”(Time Well Spent)运动正在吸引人气，该运动鼓励设计者理解他们所控制的微妙的心理力量，以解决其所称的“数字注意力危机”。据Recode报道，曾经在Pinterest和Facebook工作的蒂姆肯德尔(Tim Kendall)，计划成立一家专注于对抗设备上瘾的初创公司。
- Maintaining performance: If your 401(k) plan account has done well for you, substantially outperforming the markets over time, then stick with a winner. The funds are obviously doing something right.
- Special tax advantages: If you leave your job in or after the year you reach age 55 and think you'll start withdrawing funds before turning 59½; the withdrawals will be penalty-free.
- Legal protection: In case of bankruptcy or lawsuits, 401(k)s are subject to protection from creditors by federal law. IRAs are less well-shielded; it depends on state laws.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 does protect up to $1.25 million in traditional or Roth IRA assets against bankruptcy. But protection against other types of judgments varies.
According to the Hurun Report’s annual China Rich List, Yao Zhenhua’s net worth surged more than nine times to $17.2bn last year, making him the country’s fourth richest person. Last year he was ranked 204th.
French authorities said in December that they have dismantled about a dozen networks that were sending people to fight in Iraq and Syria.
- Keeping track of several different accounts may become cumbersome. Says Scott Rain, tax senior at Schneider Downs & Co., in Pittsburgh, Pa. “If you leave your 401(k) at each job, it gets really tough trying to keep track of all of that. It’s much easier to consolidate into one 401(k) or into an IRA.”
- You will no longer be able to contribute to the old plan and receive company matches, one of the big advantages of a 401(k)—and in some cases, may no longer be able to take a loan from the plan.
- You may not be able to make partial withdrawals, being limited to a lump-sum distribution down the road.
The fruit is placed into the mold when it's young and undeveloped.
毕业3年后的平均薪资和薪资涨幅是主要的标准，各自占到排行榜权重的20%。在排名前25名的商学院当中，大多在这些标准中至少有一项得分较高。如果去掉平均薪资和薪资涨幅这两项标准，排名前十的商学院大多仍排名前十。只有南洋商学院(Nanyang Business School)和中欧国际工商学院(China Europe International Business School)例外，它们在博士和研究这一项上表现不佳。
Video of the year: "Tornado," Little Big Town
Rolling Over to a New 401(k)
If your new employer allows immediate rollovers into its 401(k) plan, this move has its merits. You may be used to the ease of having a plan administrator manage your money and to the discipline of automatic payroll contributions. You can also contribute a lot more annually to a 401(k) than you can to an IRA.
In 2020, employees can contribute up to $19,500 to their 401(k) plan. Anyone age 50 or over is eligible for an additional catch-up contribution of $6,500.
Another reason to take this step: If you plan to continue to work after age 72, you should be able to delay taking RMDs on funds that are in your current employer's 401(k) plan, including that roll over money from your previous account. (Prior to the new law, RMDs began at 70½).
PwC, the accountancy firm that has been responsible for counting Oscars votes for 80 years and ensuring that the correct envelopes are handed to presenters, swiftly apologised to the films, the presenters and the audience for giving the prize announcement for the wrong category to Beatty and Dunaway.
If your new employer is more of a young, entrepreneurial outfit, the company may offer a SEP IRA or SIMPLE IRA—qualified workplace plans that are geared toward small businesses (they are easier and cheaper to administer than 401(k) plans). The IRS does allow rollovers of 401(k)s to these, but there may be waiting periods and other conditions.
Cashing out Your 401(k)
Cashing it out is usually a mistake. First, you will be taxed on the money as ordinary income at your current tax rate. In addition, if you’re no longer going to be working, you need to be 55 years old to avoid paying an additional 10% penalty. If you’re still working, you must wait to access the money without a penalty until age 59½.
China's rich seek own islands
Don’t Roll Over Employer Stock
There is one big exception to all of this. If you hold your company (or ex-company) stock in your 401(k), it may make sense not to roll over this portion of the account. The reason is net unrealized appreciation (NUA), which is the difference between the value of the stock when it went into your account and its value when you take the distribution.
You’re only taxed on the NUA when you take a distribution of the stock and opt not to defer the NUA. By paying tax on the NUA now, it becomes your tax basis in the stock, so when you sell it—immediately or in the future—your taxable gain is the increase over this amount.
Any increase in value over the NUA becomes a capital gain. You can even sell the stock immediately and get capital gains treatment. (The usual more-than-one year holding period requirement for capital gain treatment does not apply if you don’t defer tax on the NUA when the stock is distributed to you.)
In contrast, if you roll over the stock to a traditional IRA, you won’t pay tax on the NUA now, but all of the stock’s value to date, plus appreciation, will be treated as ordinary income when distributions are taken.
How to Do a Rollover
Everything is coming up roses for Tesla . The electric car company is enjoying an almost-unimaginable run of good fortune and is still being hotly pursued by investors.
There are two types of rollovers: direct and indirect. A direct rollover is when your money is transferred electronically from one account to another, or the plan administrator may cut you a check made out to your account, which you deposit. The direct rollover (no check) is the best approach.
In an indirect rollover, the funds come to you to re-deposit. If you take the money in cash instead of transferring it directly to the new account, you have only 60 days to deposit the funds into a new plan. If you miss the deadline, you will be subject to withholding taxes and penalties.
Because of this deadline, direct rollovers are strongly recommended. Nowadays, in many cases, you can shift assets directly from one custodian to another, without selling anything—a trustee-to-trustee or in-kind transfer. If, for some reason, the plan administrator can't transfer the funds directly into your IRA or new 401(k), have the check they send you made out in the name of the new account care of its custodian. This still counts as a direct rollover. However, to be safe, be sure to deposit the funds within 60 days.
Otherwise, the IRS makes your previous employer withhold 20% of your funds if you receive a check made out to you. It's important to note that if you have the check made out directly to you, taxes will be withheld, and you'll need to come up with other funds to roll over the full amount of your distribution within 60 days.
Bear in mind, though, if you take a check made out to the new plan but fail to get it deposited within the 60 days, you still get socked with penalties. To learn more about the safest ways to do IRA rollovers and transfers, download IRS publications 575 and 590-A and 590-B.
The Bottom Line
During the RoboCup 2500 contestants from 40 countries competed in 15 competitions with various types of computerized soccer robots, healthcare robots, rescue robots and dance robots.
- Teach First自成立以来将5000名毕业生送入学校任教，与低收入地区的逾100万学生合作，帮助提高了教学质量，尤其是伦敦地区的教学质量。
The key point to remember about all these rollovers is that each type has its rules. A rollover usually doesn’t trigger taxes or raise tax complications, as long as you stay within the same tax category. That means you move a regular 401(k) into a traditional IRA and a Roth 401(k) into a Roth IRA.
Just be sure to check your 401(k) balance when you leave your job, and decide on a course of action. Neglecting this task could leave you with a trail of retirement accounts at different employers—or even nasty tax penalties should your past employer simply send you a check that you did not reinvest properly in time.