Individual Retirement Accounts

Patriot Gold Group Announces "Inflation Protection America First IRA" Inflation the Next Big Crisis Bidenomics 2021

Retrieved on: 
Tuesday, February 23, 2021
Patriot Act, Precious metal, Patriot, Individual Retirement Accounts, Gold investments, Federal government of the United States, Self-directed IRA

Patriot Gold Group is introducing the "2021 Inflation Protection America First IRA" with our NO FEE FOR LIFE IRAfor qualifying IRAs.

Key Points: 
  • Patriot Gold Group is introducing the "2021 Inflation Protection America First IRA" with our NO FEE FOR LIFE IRAfor qualifying IRAs.
  • Patriot Gold Group is also waiving most fees on IRA accounts opened through Tax Day April 15th 2021.
  • About Jack HanneyJack Hanney is the CEO & Co-Founder of Patriot Gold Group, and a nationally sought-after financial speaker and guest.
  • Here: FOX23TULSAJACKHANNEY (PLEASE Click on LINK)
    About Patriot Gold GroupPatriot Gold Group ( www.patriotgoldgroup.com ) is a nationwide investment group with more than 50 years of precious metals investing experience.

Fidelity® Q4 2020 Retirement Analysis: Despite Ongoing Economic Uncertainty as a Result of the Pandemic, Contributions to Retirement Accounts Remained Strong, Helping Boost Account Balances to Record Levels

Retrieved on: 
Thursday, February 18, 2021
Banking, Professional services, Human resources, Finance, Retirement plans in the United States, Individual Retirement Accounts, Finance, Roth IRA, 401, Money, 403, Roth 401

Despite the ongoing financial uncertainty, individuals continued to save in their workplace savings accounts.

Key Points: 
  • Despite the ongoing financial uncertainty, individuals continued to save in their workplace savings accounts.
  • The average quarterly savings rate for 403(b) accounts was 7.3% and the savings rate for 401(k) accounts reached 9.1%, both record levels.
  • The average balance for this group was $5,800 in Q4, an increase of 13.3% over the previous quarter.
  • The percentage of contributions to Roth IRAs continues to increase, rising to 58.7% of all IRA contributions in 2020.

New 401(k) Optimizer® Guided Retirement Service Offers Access to Active Investment Management for Company Sponsored Retirement Plans

Retrieved on: 
Tuesday, February 9, 2021
Retirement plans in the United States, Individual Retirement Accounts, 401, Taxation in the United States, Finance, Money

Two tools power the 401(k) Optimizer Guided Retirement system: the 401(k) Optimizer and the HCM-BuyLine.

Key Points: 
  • Two tools power the 401(k) Optimizer Guided Retirement system: the 401(k) Optimizer and the HCM-BuyLine.
  • To learn more about the 401(k) Optimizer Guided Retirement , please email us at [email protected] or call 800-314-0150.
  • Clients receive discretionary investment management from the 401(k) Optimizer Guided Retirement Solution while maintaining total control over their personal accounts.
  • Termination of this service does not reverse actions taken in the past by the 401(k) Optimizer Guided Retirement Program.

Certified Gold Exchange Exposes 2 Gold IRA Rollover Scams That Cost Investors Millions

Retrieved on: 
Thursday, January 28, 2021
Individual Retirement Accounts, Gold investments, Rollover, Gold IRA, Old IRA, Ira, Finance, Money, Investment

DALLAS, Jan. 28, 2021 /PRNewswire/ --The Certified Gold Exchange (CGE) has been exposing Gold IRA rollover scams to the public since precious metals were first permitted in retirement accounts in 1997.

Key Points: 
  • DALLAS, Jan. 28, 2021 /PRNewswire/ --The Certified Gold Exchange (CGE) has been exposing Gold IRA rollover scams to the public since precious metals were first permitted in retirement accounts in 1997.
  • David Michael White, VP of IRA Services at the Certified Gold Exchange says, "Because of the Covid pandemic and uptick in gold prices we have seen more tricksters targeting retirement investors than ever before."
  • The Certified Gold Exchange has launched a Gold IRA rollover guide to educate the public on the countless promotional gimmicks being used against novice investors so that you don't fall prey to firms using such unsavory methods.
  • No download is necessary to learn about the common gold IRA rollover tricks and traps, just visit the CGE Gold IRA rollover page.

Able to Save Your $600 CARES Act Money?

Retrieved on: 
Tuesday, January 12, 2021
Finance, Presidency of Donald Trump, 529 plan, Money, Individual Retirement Accounts, Income tax in the United States, Taxation in the United States, CARES Act, Personal finance, Coverdell Education Savings Account, Traditional IRA

The end of the year news that most Americans will receive a $600 CARES Act check was great news.

Key Points: 
  • The end of the year news that most Americans will receive a $600 CARES Act check was great news.
  • When it comes to saving for higher education expenses, its hard to beat the tax benefits and flexibility of The Education Plan New Mexicos 529 College Savings Plan.
  • The Education Plan provides tax-free growth and tax free withdrawal as long as the funds are used to pay for qualified higher education expenses.
  • Several states, including New Mexico, also offer state income tax deductions for residents for contributions made to The Education Plan.

Less Than Half of Americans Invest in Savings Accounts, More Choose 401Ks

Retrieved on: 
Tuesday, December 15, 2020
Individual Retirement Accounts, Finance, Retirement plans in the United States, Money, 401, Mutual fund, Roth IRA, Self-directed IRA

However,experts say it is especially important for people to contribute to savings accounts to achieve financial security.

Key Points: 
  • However,experts say it is especially important for people to contribute to savings accounts to achieve financial security.
  • "It is the safest, most risk-free approach to living your life in comfort," said Philip Ash, founder of Pro Paint Corner , a painting advice service.
  • Currently, Americans manage their money with 401(k) plans (42%), Traditional or Roth individual retirement accounts (IRAs) (28%), stocks (26%), and mutual funds (21%).
  • Outside of retirement, people use their money to pay down debts (6%), purchase homes (4%), invest in education (3%), and plan weddings.

Paychex Introduces a Pooled Employer Plan, A New Cost-Effective Retirement Plan for U.S. Businesses and Their Employees

Retrieved on: 
Wednesday, December 9, 2020
Retirement plans in the United States, Personal finance, Individual Retirement Accounts, Pension, 401, Paychex, Employee benefits, Fiduciary, Finance, Service industries, Money

The Paychex PEP will include reduced fiduciary liability for employers, simplified plan management, and reduced plan expenses when compared to single-employer retirement plan offerings.

Key Points: 
  • The Paychex PEP will include reduced fiduciary liability for employers, simplified plan management, and reduced plan expenses when compared to single-employer retirement plan offerings.
  • Expanding retirement plan access is critical to the long-term financial wellbeing of workers nationwide," said Tom Hammond , Paychex vice president of Corporate Strategy and Product Management.
  • Through a PEP, employers can collectively participate in a 401(k) plan that is administered by a Pooled Plan Provider (P3).
  • Businesses currently offering an employer-sponsored qualified retirement plan can also benefit by merging their plan and assets into a PEP to potentially save time and money.

Blockchange and IRA Financial Partner to Enable RIAs to Manage Digital Assets in Qualified IRA Accounts

Retrieved on: 
Tuesday, December 8, 2020
Retirement plans in the United States, Individual Retirement Accounts, Finance, Money, Self-directed IRA, Financial services, Solo 401, Financial adviser, 401, Comparison of 401(k) and IRA accounts

SAN FRANCISCO and MIAMI, Dec. 8, 2020 /PRNewswire/ -- Blockchange Inc. and IRA Financial are partnering to enable IRA funds & select 401(k) plans to be invested in cryptocurrencies and digital assets, under the management of a financial advisor.

Key Points: 
  • SAN FRANCISCO and MIAMI, Dec. 8, 2020 /PRNewswire/ -- Blockchange Inc. and IRA Financial are partnering to enable IRA funds & select 401(k) plans to be invested in cryptocurrencies and digital assets, under the management of a financial advisor.
  • Financial advisors have been able to expose their client's IRAs to crypto assets through digital trusts or funds that don't offer the benefits of owning the underlying assets.
  • Investors begin by setting up a self-directed IRA with IRA Financial and transferring funds from an existing IRA, solo 401(k) plan, or former employer 401(k) plan into the new IRA.
  • Blockchange and Gemini previously announced a partnership to enable RIAs to manage digital assets.

PenChecks Launches New Online Retirement Distribution Processing Platform

Retrieved on: 
Monday, November 16, 2020
Individual Retirement Accounts, Personal finance, Insurance industry, Retirement, Third-party administrator, Pension, Economy, Articles, Finance

More robust and powerful, Amplify offers state-of-the-art online payment processing to provide a simpler and more efficient way for third-party administrators (TPAs), plan sponsors, recordkeepers, financial institutions and plan participants to manage their retirement benefit distributions.

Key Points: 
  • More robust and powerful, Amplify offers state-of-the-art online payment processing to provide a simpler and more efficient way for third-party administrators (TPAs), plan sponsors, recordkeepers, financial institutions and plan participants to manage their retirement benefit distributions.
  • "PenChecks has carved out a niche in the retirement plan market by developing highly efficient distribution technologies that automate repetitive, time-consuming processes," says PenChecks President and CEO Spiro Preovolos.
  • PenChecks Director of Product Kelsey Wolstencroft, who led the design phase for Amplify, describes it as "a holistic solution for retirement payment/benefit needs, combining intuitive navigation with robust functionality for better processing and tracking of benefits."
  • PenChecks Trust Company of America (PenChecks Trust) is a state-chartered, non-depository trust company and the largest independent provider of outsourced benefit distribution services and Automatic Rollover IRAs and Missing Participant IRAs in the country.

Fidelity® Q3 2020 Retirement Analysis: Steady Contributions and Market Performance Lead to Increased Balances; Ongoing Financial Uncertainty Also Drove Withdrawals

Retrieved on: 
Thursday, November 12, 2020
Professional services, Finance, Retirement plans in the United States, Individual Retirement Accounts, Finance, Money, 401, 403, Roth 401, Solo 401

The average total savings rate for 403(b) accounts was 10.6% and the total savings rate for 401(k) accounts was 13.5%.

Key Points: 
  • The average total savings rate for 403(b) accounts was 10.6% and the total savings rate for 401(k) accounts was 13.5%.
  • Across Fidelitys 401(k) platform, nearly nine out of ten (89%) of individuals left their contribution rate unchanged in Q3.
  • Total IRA contribution dollars, across all types of IRA accounts, increased 37% during the same period.
  • More than 2 million individuals on Fidelitys platform save in both an IRA and their employers 401(k), an increase of 12.5% over Q3 2019.