RETIREMENT ALERTS Flashcards
1
Q
No Work Sponsored Retirement Plan
A
No work retirement plan available at work
2
Q
401K Not Contributing
A
- Company has 401K
- Not Contributing
3
Q
401K Underfunding your match
A
-Putting in less than the company match
4
Q
Rollover
A
-Has assets w/previous employer(s)
5
Q
In Service Distribution
A
- 59 or older
- Has a 401K at their current employer
6
Q
Upcoming Retirement- Explore moving retirement fund to an IRA
A
-Retiring in the next 12 months
7
Q
Required Minimum Distribution (RMD)
A
- 70 or older
- The Secure Act has bumped the age to 72 from 70 1/2 of age beginning Jan 1, 2020. (there will be nobody that turns 72 in the year 2020 that wasn’t already 70 1/2 in 2019)
