My Smart Retirement

The old saying goes “This Isn’t My First Rodeo.” We've seen similar rising gas prices in the 70s and 80s. It feels like it’s going up almost every day or so now. Adding this to inflation in the grocery store we are faced with more and more uncertainly in the market. A lot of people are rethinking traveling and employees that have to commute are feeling the pinch in their wallets. Because of this turbulent time, we are going to take some time to answer some of your questions when it comes to retirement planning.  Doug in Clean Creek says his company is not allowing him to move his 401(k) into an outside account. He’s heard of a lot of people doing so, but how does this work?  401(k)s have some broad rules, many of which are put in place by your employer. As far as the government is concerned there is no regulation on when you can do a rollover. What you have to be aware of then is what rules your employer has in place.  Commonly, people are eligible to roll over their own contributions at 59 ½. Others can’t ro