### WordPress - Web publishing software Copyright 2011-2019 by the contributors This program is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License as published by the Free Software Foundation; either version 2 of the License, or (at your option) any later version. This program is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details. You should have received a copy of the GNU General Public License along with this program; if not, write to the Free Software Foundation, Inc., 51 Franklin St, Fifth Floor, Boston, MA 02110-1301 USA This program incorporates work covered by the following copyright and permission notices: b2 is (c) 2001, 2002 Michel Valdrighi - m@tidakada.com - http://tidakada.com Wherever third party code has been used, credit has been given in the code's comments. b2 is released under the GPL and WordPress - Web publishing software Copyright 2003-2010 by the contributors WordPress is released under the GPL --- ### GNU GENERAL PUBLIC LICENSE Version 2, June 1991 Copyright (C) 1989, 1991 Free Software Foundation, Inc. 51 Franklin Street, Fifth Floor, Boston, MA 02110-1301, USA Everyone is permitted to copy and distribute verbatim copies of this license document, but changing it is not allowed. ### Preamble The licenses for most software are designed to take away your freedom to share and change it. By contrast, the GNU General Public License is intended to guarantee your freedom to share and change free software--to make sure the software is free for all its users. This General Public License applies to most of the Free Software Foundation's software and to any other program whose authors commit to using it. (Some other Free Software Foundation software is covered by the GNU Lesser General Public License instead.) You can apply it to your programs, too. When we speak of free software, we are referring to freedom, not price. Our General Public Licenses are designed to make sure that you have the freedom to distribute copies of free software (and charge for this service if you wish), that you receive source code or can get it if you want it, that you can change the software or use pieces of it in new free programs; and that you know you can do these things. To protect your rights, we need to make restrictions that forbid anyone to deny you these rights or to ask you to surrender the rights. These restrictions translate to certain responsibilities for you if you distribute copies of the software, or if you modify it. For example, if you distribute copies of such a program, whether gratis or for a fee, you must give the recipients all the rights that you have. You must make sure that they, too, receive or can get the source code. And you must show them these terms so they know their rights. We protect your rights with two steps: (1) copyright the software, and (2) offer you this license which gives you legal permission to copy, distribute and/or modify the software. Also, for each author's protection and ours, we want to make certain that everyone understands that there is no warranty for this free software. If the software is modified by someone else and passed on, we want its recipients to know that what they have is not the original, so that any problems introduced by others will not reflect on the original authors' reputations. Finally, any free program is threatened constantly by software patents. We wish to avoid the danger that redistributors of a free program will individually obtain patent licenses, in effect making the program proprietary. To prevent this, we have made it clear that any patent must be licensed for everyone's free use or not licensed at all. The precise terms and conditions for copying, distribution and modification follow. ### TERMS AND CONDITIONS FOR COPYING, DISTRIBUTION AND MODIFICATION **0.** This License applies to any program or other work which contains a notice placed by the copyright holder saying it may be distributed under the terms of this General Public License. The "Program", below, refers to any such program or work, and a "work based on the Program" means either the Program or any derivative work under copyright law: that is to say, a work containing the Program or a portion of it, either verbatim or with modifications and/or translated into another language. (Hereinafter, translation is included without limitation in the term "modification".) Each licensee is addressed as "you". Activities other than copying, distribution and modification are not covered by this License; they are outside its scope. The act of running the Program is not restricted, and the output from the Program is covered only if its contents constitute a work based on the Program (independent of having been made by running the Program). Whether that is true depends on what the Program does. **1.** You may copy and distribute verbatim copies of the Program's source code as you receive it, in any medium, provided that you conspicuously and appropriately publish on each copy an appropriate copyright notice and disclaimer of warranty; keep intact all the notices that refer to this License and to the absence of any warranty; and give any other recipients of the Program a copy of this License along with the Program. You may charge a fee for the physical act of transferring a copy, and you may at your option offer warranty protection in exchange for a fee. **2.** You may modify your copy or copies of the Program or any portion of it, thus forming a work based on the Program, and copy and distribute such modifications or work under the terms of Section 1 above, provided that you also meet all of these conditions: **a)** You must cause the modified files to carry prominent notices stating that you changed the files and the date of any change. **b)** You must cause any work that you distribute or publish, that in whole or in part contains or is derived from the Program or any part thereof, to be licensed as a whole at no charge to all third parties under the terms of this License. **c)** If the modified program normally reads commands interactively when run, you must cause it, when started running for such interactive use in the most ordinary way, to print or display an announcement including an appropriate copyright notice and a notice that there is no warranty (or else, saying that you provide a warranty) and that users may redistribute the program under these conditions, and telling the user how to view a copy of this License. (Exception: if the Program itself is interactive but does not normally print such an announcement, your work based on the Program is not required to print an announcement.) These requirements apply to the modified work as a whole. If identifiable sections of that work are not derived from the Program, and can be reasonably considered independent and separate works in themselves, then this License, and its terms, do not apply to those sections when you distribute them as separate works. But when you distribute the same sections as part of a whole which is a work based on the Program, the distribution of the whole must be on the terms of this License, whose permissions for other licensees extend to the entire whole, and thus to each and every part regardless of who wrote it. Thus, it is not the intent of this section to claim rights or contest your rights to work written entirely by you; rather, the intent is to exercise the right to control the distribution of derivative or collective works based on the Program. In addition, mere aggregation of another work not based on the Program with the Program (or with a work based on the Program) on a volume of a storage or distribution medium does not bring the other work under the scope of this License. **3.** You may copy and distribute the Program (or a work based on it, under Section 2) in object code or executable form under the terms of Sections 1 and 2 above provided that you also do one of the following: **a)** Accompany it with the complete corresponding machine-readable source code, which must be distributed under the terms of Sections 1 and 2 above on a medium customarily used for software interchange; or, **b)** Accompany it with a written offer, valid for at least three years, to give any third party, for a charge no more than your cost of physically performing source distribution, a complete machine-readable copy of the corresponding source code, to be distributed under the terms of Sections 1 and 2 above on a medium customarily used for software interchange; or, **c)** Accompany it with the information you received as to the offer to distribute corresponding source code. (This alternative is allowed only for noncommercial distribution and only if you received the program in object code or executable form with such an offer, in accord with Subsection b above.) The source code for a work means the preferred form of the work for making modifications to it. For an executable work, complete source code means all the source code for all modules it contains, plus any associated interface definition files, plus the scripts used to control compilation and installation of the executable. However, as a special exception, the source code distributed need not include anything that is normally distributed (in either source or binary form) with the major components (compiler, kernel, and so on) of the operating system on which the executable runs, unless that component itself accompanies the executable. If distribution of executable or object code is made by offering access to copy from a designated place, then offering equivalent access to copy the source code from the same place counts as distribution of the source code, even though third parties are not compelled to copy the source along with the object code. **4.** You may not copy, modify, sublicense, or distribute the Program except as expressly provided under this License. Any attempt otherwise to copy, modify, sublicense or distribute the Program is void, and will automatically terminate your rights under this License. However, parties who have received copies, or rights, from you under this License will not have their licenses terminated so long as such parties remain in full compliance. **5.** You are not required to accept this License, since you have not signed it. However, nothing else grants you permission to modify or distribute the Program or its derivative works. These actions are prohibited by law if you do not accept this License. Therefore, by modifying or distributing the Program (or any work based on the Program), you indicate your acceptance of this License to do so, and all its terms and conditions for copying, distributing or modifying the Program or works based on it. **6.** Each time you redistribute the Program (or any work based on the Program), the recipient automatically receives a license from the original licensor to copy, distribute or modify the Program subject to these terms and conditions. You may not impose any further restrictions on the recipients' exercise of the rights granted herein. You are not responsible for enforcing compliance by third parties to this License. **7.** If, as a consequence of a court judgment or allegation of patent infringement or for any other reason (not limited to patent issues), conditions are imposed on you (whether by court order, agreement or otherwise) that contradict the conditions of this License, they do not excuse you from the conditions of this License. If you cannot distribute so as to satisfy simultaneously your obligations under this License and any other pertinent obligations, then as a consequence you may not distribute the Program at all. For example, if a patent license would not permit royalty-free redistribution of the Program by all those who receive copies directly or indirectly through you, then the only way you could satisfy both it and this License would be to refrain entirely from distribution of the Program. If any portion of this section is held invalid or unenforceable under any particular circumstance, the balance of the section is intended to apply and the section as a whole is intended to apply in other circumstances. It is not the purpose of this section to induce you to infringe any patents or other property right claims or to contest validity of any such claims; this section has the sole purpose of protecting the integrity of the free software distribution system, which is implemented by public license practices. Many people have made generous contributions to the wide range of software distributed through that system in reliance on consistent application of that system; it is up to the author/donor to decide if he or she is willing to distribute software through any other system and a licensee cannot impose that choice. This section is intended to make thoroughly clear what is believed to be a consequence of the rest of this License. **8.** If the distribution and/or use of the Program is restricted in certain countries either by patents or by copyrighted interfaces, the original copyright holder who places the Program under this License may add an explicit geographical distribution limitation excluding those countries, so that distribution is permitted only in or among countries not thus excluded. In such case, this License incorporates the limitation as if written in the body of this License. **9.** The Free Software Foundation may publish revised and/or new versions of the General Public License from time to time. Such new versions will be similar in spirit to the present version, but may differ in detail to address new problems or concerns. Each version is given a distinguishing version number. If the Program specifies a version number of this License which applies to it and "any later version", you have the option of following the terms and conditions either of that version or of any later version published by the Free Software Foundation. If the Program does not specify a version number of this License, you may choose any version ever published by the Free Software Foundation. **10.** If you wish to incorporate parts of the Program into other free programs whose distribution conditions are different, write to the author to ask for permission. For software which is copyrighted by the Free Software Foundation, write to the Free Software Foundation; we sometimes make exceptions for this. Our decision will be guided by the two goals of preserving the free status of all derivatives of our free software and of promoting the sharing and reuse of software generally. **NO WARRANTY** **11.** BECAUSE THE PROGRAM IS LICENSED FREE OF CHARGE, THERE IS NO WARRANTY FOR THE PROGRAM, TO THE EXTENT PERMITTED BY APPLICABLE LAW. EXCEPT WHEN OTHERWISE STATED IN WRITING THE COPYRIGHT HOLDERS AND/OR OTHER PARTIES PROVIDE THE PROGRAM "AS IS" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE PROGRAM IS WITH YOU. SHOULD THE PROGRAM PROVE DEFECTIVE, YOU ASSUME THE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. **12.** IN NO EVENT UNLESS REQUIRED BY APPLICABLE LAW OR AGREED TO IN WRITING WILL ANY COPYRIGHT HOLDER, OR ANY OTHER PARTY WHO MAY MODIFY AND/OR REDISTRIBUTE THE PROGRAM AS PERMITTED ABOVE, BE LIABLE TO YOU FOR DAMAGES, INCLUDING ANY GENERAL, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE OR INABILITY TO USE THE PROGRAM (INCLUDING BUT NOT LIMITED TO LOSS OF DATA OR DATA BEING RENDERED INACCURATE OR LOSSES SUSTAINED BY YOU OR THIRD PARTIES OR A FAILURE OF THE PROGRAM TO OPERATE WITH ANY OTHER PROGRAMS), EVEN IF SUCH HOLDER OR OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. ### END OF TERMS AND CONDITIONS ### How to Apply These Terms to Your New Programs If you develop a new program, and you want it to be of the greatest possible use to the public, the best way to achieve this is to make it free software which everyone can redistribute and change under these terms. To do so, attach the following notices to the program. It is safest to attach them to the start of each source file to most effectively convey the exclusion of warranty; and each file should have at least the "copyright" line and a pointer to where the full notice is found. one line to give the program's name and an idea of what it does. Copyright (C) yyyy name of author This program is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License as published by the Free Software Foundation; either version 2 of the License, or (at your option) any later version. This program is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details. You should have received a copy of the GNU General Public License along with this program; if not, write to the Free Software Foundation, Inc., 51 Franklin Street, Fifth Floor, Boston, MA 02110-1301, USA. Also add information on how to contact you by electronic and paper mail. If the program is interactive, make it output a short notice like this when it starts in an interactive mode: Gnomovision version 69, Copyright (C) year name of author Gnomovision comes with ABSOLUTELY NO WARRANTY; for details type `show w'. This is free software, and you are welcome to redistribute it under certain conditions; type `show c' for details. The hypothetical commands \`show w' and \`show c' should show the appropriate parts of the General Public License. Of course, the commands you use may be called something other than \`show w' and \`show c'; they could even be mouse-clicks or menu items--whatever suits your program. You should also get your employer (if you work as a programmer) or your school, if any, to sign a "copyright disclaimer" for the program, if necessary. Here is a sample; alter the names: Yoyodyne, Inc., hereby disclaims all copyright interest in the program `Gnomovision' (which makes passes at compilers) written by James Hacker. signature of Ty Coon, 1 April 1989 Ty Coon, President of Vice This General Public License does not permit incorporating your program into proprietary programs. If your program is a subroutine library, you may consider it more useful to permit linking proprietary applications with the library. If this is what you want to do, use the [GNU Lesser General Public License](http://www.gnu.org/licenses/lgpl.html) instead of this License. Best Places To Rollover Your 401(k) In December 2023 - sinth.info

Best Places To Rollover Your 401(k) In December 2023

[ad_1]

If you have a 401(k) account and recently left your job or were laid off, you might be wondering what to do with your retirement investments. But even if you’ve left your employer some time ago and still have a retirement account there, you have several options when it comes to finding the best place to roll over your old 401(k):

  • Brokers: An online broker is a great option if you want to “do it yourself” and use your investing expertise to invest.
  • Robo-advisors: A robo-advisor is a great pick if you want someone to manage your money at a low overall cost. Robo-advisors often add a number of other valuable features such as tax-loss harvesting.

Here are the best places to roll over your 401(k) into an IRA and what you need to know to make a smart decision.

Best online brokers for a 401(k) rollover:

Overview: Top online brokers for a 401(k) rollover in December 2023

TD Ameritrade

TD Ameritrade is a great broker if you’re an active trader and looking for professional-level tools to help you invest better. Investors can use the broker’s highly regarded thinkorswim trading platform and can place trades not only on stocks, bonds and ETFs but also forex and futures. That said, TD Ameritrade still works perfectly if you’re a buy-and-hold long-term investor, too.

If you need to access research, you’ll find all kinds of reports on stocks and the markets, and you can review a huge selection of no-transaction-fee mutual funds. TD Ameritrade also offers stock and ETF trades for zero commission.

(Charles Schwab has purchased TD Ameritrade, and will eventually integrate the two companies.)

Standard pricing for mutual funds: Free for no-transaction-fee funds; $49.95 – $74.95 on no-load, transaction-fee funds

Mutual fund highlight: More than 3,600 no-load, no-transaction-fee mutual funds

Wealthfront

Wealthfront is an excellent choice if you’re looking for someone to manage your rollover into an IRA. This robo-advisor can create a portfolio based on how much risk you’re comfortable with and when exactly you need the money. You’ll receive automatic rebalancing to keep you on track to your goal, and you’ll pay reasonable fees for the funds you’re invested in, too.

Wealthfront also features some top tools, including an automated financial planner that can help you track all your investments, even at other institutions, and see how they all work together to get you to your goals. You might also consider opening a cash management account, as it can be an attractive alternative to a bank account, or use it to hold cash while you’re waiting to contribute to your rollover IRA.

Standard pricing: Management fee is 0.25 percent of assets annually

E-Trade

E-Trade is a great all-around broker, but it likely stands out best for its fundamental research, which can be especially valuable for newer investors or those without another source of research. If you need a fully featured mobile app, the broker has you covered with its Power E-Trade platform, though it does all the basics well, too. The broker’s standard pricing for mutual funds is on the lower side, and it offers thousands of no-transaction-fee funds, as well. Plus, ETFs and stocks can be traded with no commission, as is standard for online brokers.

Standard pricing for mutual funds: Free

Mutual fund highlight: More than 6,500 no-transaction-fee mutual funds

Fidelity Investments

Fidelity is an exceptional broker in almost every aspect, but it’s excellent for beginners or those who seek top-notch customer service. Fidelity’s representatives are quick to respond to your questions, which is a big advantage for those of us who don’t deal with the investing and retirement landscape every day.

Those looking for more advanced features will find them in the broker’s Active Trading Pro platform. Plus, Fidelity is great for low account fees, and offers free stock and ETF trades, too.

Standard pricing for mutual funds: Free for Fidelity funds, and $49.95 on the buy and $0 to sell transaction-fee funds

Mutual fund highlight: Offers four zero-fee index funds and nearly 3,400 no-transaction-fee mutual funds

Betterment

Betterment is one of the largest and most popular robo-advisors, and it can take your 401(k) rollover money and construct a balanced retirement portfolio. Betterment uses funds from 13 different asset classes to build its portfolios, offering a wide range of diversified investments. Plus, if you’re interested in social impact investing, Betterment can add these funds to your portfolio.

Betterment’s funds are low cost – on average costing about $7 annually for every $10,000 you have invested – and it also automatically rebalances your account when it drifts more than a few percent away from your target allocations. This robo-advisor allows you to buy fractional shares so all your money is invested and working for you. You can also open a comprehensive cash management account here that offers a competitive interest rate.

Standard pricing: Management fee is 0.25 percent of assets annually

Charles Schwab

Charles Schwab is strong in every category and caters well to customers from novice to expert. If you’re looking to buy the same mutual funds that you owned in your 401(k) or buy some of the cheaper Schwab-brand variants, then the broker will probably deliver with its thousands of no-transaction-fee funds.

The customer service is excellent here as well, and if you’re looking to trade, you’ll probably find something to love on the highly customizable StreetSmart Edge trading platform. And yes, Schwab does offer free stock and ETF trades, too, so you can add almost any company to your portfolio.

Standard pricing for mutual funds: $0 for Schwab funds or no-load, no-transaction-fee funds; otherwise, up to $74.95

Mutual fund highlight: More than 4,300 no-load, no-transaction fee mutual funds

Interactive Brokers

Interactive Brokers is a great fit for active and professional traders, but it can work for retirement and beginner investors, too. While trades aren’t free unless you use the broker’s IBKR Lite pricing plan, they are still reasonably priced at just a half-cent per share, with a $1 minimum per trade. The broker also offers a competitive price for trading mutual funds, but its list of no-transaction-fee funds is the most in the industry.

Standard pricing for mutual funds: Free for no-transaction-fee funds; otherwise, 3 percent of trade value or $14.95 (whichever is less), with a $3,000 minimum initial purchase

Mutual fund highlight: About 19,000 no-transaction-fee mutual funds

Merrill Edge

Merrill Edge is a solid overall selection, because it offers a full range of brokerage services. However, it makes an especially great selection if you’re already a customer of its parent Bank of America. That’s because you can access all your accounts in one location and have quick transfers between your bank and brokerage accounts. Plus, you can access Merrill’s reps at many Bank of America locations.

Merrill also charges no commissions for stocks and ETF trades, while standard commissions on mutual funds are $19.95. However, with more than 800 no-transaction-fee mutual funds, you won’t have a hard time finding a few that you like.

Standard pricing for mutual funds: $0 for no-transaction-fee funds; otherwise, $19.95 for online buys and sells; $29.95 for representative-assisted transactions

Mutual fund highlight: More than 800 no-load, no-transaction-fee mutual funds

Schwab Intelligent Portfolios

Don’t get Schwab’s do-it-yourself brokerage confused with its do-it-for-me robo-advisor, which is called Schwab Intelligent Portfolios. Either way you go, though, Schwab brings its investor-friendly ethos. The headline news about this robo-advisor is that it charges no management fee to build and run your portfolio. How does it make money then? By investing your funds in its in-house funds, which nevertheless are some of the cheapest available in the market.

You’ll need at least $5,000 in your account to take advantage of Schwab’s automated investing service. If you want unlimited access to human financial advisors, you’ll need to roll over at least $25,000 (or build the account to this much) and then pay $30 a month, after a one-time $300 set-up fee. You’ll also benefit from Schwab’s 24-hour customer support team any day of the week.

Standard pricing: No management fee

Vanguard

Vanguard is the granddaddy of retirement investing, blazing the trail for low-cost retirement investors everywhere. Vanguard not only charges $0 for stock and ETF trades but the entire Vanguard family of mutual funds is free (and free even if you need a broker’s assistance to place a trade), while the company discounts trades for other fund companies to $0 as well if they’re on the no-transaction-fee list. Otherwise, commissions will run $8-$20 per trade, though customers with more than $1 million in Vanguard funds will receive their first 25 trades free.

If you’re a buy-and-hold long-term investor, Vanguard is an excellent vehicle for you, because you know it’s always going to look for ways to serve its customers.

Standard pricing for mutual funds: Free for Vanguard family funds and other no-transaction-fee funds; $8-$20 for others

Mutual fund highlight: Highly regarded for its low-cost index funds and offers more than 3,000 no-transaction-fee funds

What to consider when choosing a broker

If you’re planning to roll over your 401(k) into an IRA, you’ll likely be most concerned with a broker that can do the following things best. Most brokers do offer an IRA, but some popular ones do not, though the brokers above all offer IRAs. We also considered the following factors when selecting the top places for your 401(k) rollover.

  • Price: Trading commissions for stocks and ETFs have fallen to $0 at most online brokers, and that’s great for investors. But there are other costs, too, perhaps most notably account fees, such as fees for transferring out of your account.
  • No-transaction-fee mutual funds: The brokers in the list above offer thousands of mutual funds without a transaction fee. If you’re rolling over your 401(k) and you like the mutual funds you have already, these brokers may allow you to buy and sell the same one without a fee.
  • Investing strategy: While a 401(k) may limit your investing options to a pre-selected group of mutual funds, an IRA gives you the ability to invest in almost anything trading in the market. So we considered how each broker might fit an investor’s needs.

What are your choices for a rollover?

In general, once you leave a job you have three choices for how to deal with your employer-sponsored retirement plan:

  • Leave it with your old employer’s 401(k) plan: This approach requires the least amount of work, but may require you to have a minimum amount (often $5,000) if you plan to maintain the account there.
  • Roll it over into your new employer’s 401(k) plan: This approach will require you to file some paperwork, but you’ll have all your 401(k) money in one place. This choice can make sense if you like your new employer’s plan.
  • Roll it over into an IRA: This move will require you to file some paperwork, but then you’ll have the complete freedom to invest the money as you see fit. If you liked the investment options (such as mutual funds) you held in a previous plan, you may still be able to access those via an IRA.

(If you run an independent business and have established a solo 401(k), that’s another option for a rollover. But this option is not typical for most individuals.)

If you roll over your 401(k) into an IRA, you’ll also want to consider the kind of rollover you need.

  • With a Roth 401(k), you’ll likely be more interested in a Roth IRA, so that you can maintain the substantial advantages of that plan.
  • If you have a traditional 401(k), then you’ll probably opt for a traditional IRA.

(Here are the key differences between the Roth IRA and traditional IRA.)

[ad_2]

Source link

Previous Article

Australia to Simplify Financial Advice Rules

Next Article

‘Am I Too Late?' I'm 68, Have No Investments and Only Have $60K Saved