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401k

 

 401(k) Rollover to IRA

Woodlands Portfolio Management  makes rolling over an old retirement savings plan from a former employer easy for you.

 

Account features

May be
appropriate for
Individuals who have changed jobs or retired and have left savings in a former employer’s workplace savings plan (i.e., 401(k), 403(b), governmental 457(b))1
Advantages over a
workplace plan
Freedom from restrictions that may be present in your workplace savings planThe ability to withdraw penalty-free for a first-time home purchase or qualified education expenses

Access to a wide range of mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs

Tax benefits A Rollover IRA is a type of Traditional IRA with the same tax benefits—potential tax-deferred growth of savings.
Withdrawals 10% early withdrawal penalty may apply for withdrawals taken prior to age 59½ if no exceptions apply.Minimum required distributions starting at age 70½
Support and guidance One-on-one guidance—in person, online, or over the phoneResearch and tools to help you create a long-term plan and choose investments

 

Gold futures fell 9.3%

Gold’s one day drop is the biggest in 30yrs. Gold futures contracts are down. This could be the beginning of a gold bear market. The spot price is 1,375. Is anyone excited about this??? If your holding equities you should be.
Gold futures fell 9.3% yesterday, taking losses to more than 20% since the record close in August 2011 and meeting the common definition of a bear market. |http://bloom.bg/ZuBN1Y(Photo: Yuriko Nakao/Bloomberg)
Photo: Gold futures fell 9.3% yesterday, taking losses to more than 20% since the record close in August 2011 and meeting the common definition of a bear market. | http://bloom.bg/ZuBN1Y</p><br />
<p>(Photo: Yuriko Nakao/Bloomberg)