Fairway is excited to be featured in a retirement-related story from FA Magazine, a premier source of investing and financial planning news. Our wealth manager Dina Powers spoke about 401(k) rollovers and the transferring of retirement funds. Many retirees may consider shifting money between their IRAs and 401(k) accounts, but it’s important to work with an experienced advisor who understands the nuanced implications of taxes, money transfer fees, and other regulations around withdrawals and deposits. “Rolling over a 401(k) to an IRA might be a bad idea if you anticipate needing a loan from your retirement fund, as most 401(k) plans allow for a loan up to the lesser of half the account value or $50,000,” which IRAs don’t, said Leader Powers. Click here for the full article.
