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Author

Patrick Harwood

Patrick Harwood has been a professional writer and editor since 2004, specializing in articles about spectator sports, personal finance and law. He has contributed to family of magazines and websites.

The Tax Consequences of 401(k) in a Divorce Settlement
Finance

The Tax Consequences of 401(k) in a Divorce Settlement

A 401(k) plan is your best investment for retirement in many instances. If your employer contributes to your retirement, the matching contribution...

Patrick Harwood · May 22, 2020 · 2 min read
What Is the Recommended Percentage of Income to Put Into a 401k?
Finance

What Is the Recommended Percentage of Income to Put Into a 401k?

Your company 401k plan could become your best investment when you retire. That 401k plan that your employer offers you may come with a matching...

Patrick Harwood · May 21, 2020 · 3 min read
5 Ways to Make Your 401(k) Last Longer
Finance

5 Ways to Make Your 401(k) Last Longer

Deciding how your money will last longer remains a key part of retirement planning. Many people think about the money they must contribute to their...

Patrick Harwood · May 20, 2020 · 3 min read
How to Name Contingent Beneficiaries of a 401(k)
Finance

How to Name Contingent Beneficiaries of a 401(k)

Beneficiaries are people, trusts or organizations that will receive your benefits in the event of your death. You must name at least one primary...

Patrick Harwood · May 18, 2020 · 2 min read
Husband's 401(k) & a Indiana Divorce
Finance

Husband's 401(k) & a Indiana Divorce

Getting divorced in Indiana means you may gain some of your ex-husband's retirement benefits. Indiana allows domestic relations orders that split up...

Patrick Harwood · May 17, 2020 · 3 min read
The Best 401(k) Rollover Ideas
Finance

The Best 401(k) Rollover Ideas

A 401k plan does not need to be kept when you retire. Rolling over your plan benefits gives you control over your retirement savings and may give you...

Patrick Harwood · May 16, 2020 · 2 min read
Do I Have to Pay Taxes If I Rollover My 401k to a Roth IRA?
Finance

Do I Have to Pay Taxes If I Rollover My 401k to a Roth IRA?

When you have money sitting in a 401k, you may wish to take advantage of the tax benefits that come with a Roth IRA instead of leaving the money in...

Patrick Harwood · May 15, 2020 · 3 min read
How Much Can a Company Match for a 401(k)?
Finance

How Much Can a Company Match for a 401(k)?

Contributing to a 401k is one of the most effective ways to save for retirement because of the large contribution limits and the ability to receive...

Patrick Harwood · May 14, 2020 · 2 min read
Can I Convert a 401k to a Roth 401k?
Finance

Can I Convert a 401k to a Roth 401k?

The 401k is a type of retirement account that allows you to save on a pre-tax basis for your retirement needs. Another option that some employers...

Patrick Harwood · May 13, 2020 · 3 min read
Can a LLC Set Up a 401(k) Plan?
Finance

Can a LLC Set Up a 401(k) Plan?

An LLC is a limited liability company. These business structures are set up to allow small companies, including one-person companies, to form a...

Patrick Harwood · May 12, 2020 · 3 min read
Who Should Consider a Roth 401(k)?
Finance

Who Should Consider a Roth 401(k)?

A Roth 401k is a retirement savings account that blends parts of the 401k plan with parts of a Roth IRA. Paycheck deductions fund the Roth 401k as...

Patrick Harwood · May 11, 2020 · 3 min read
How to Split 401k Funds in a Divorce
Finance

How to Split 401k Funds in a Divorce

A 401k is an employer-sponsored retirement plan that a portion of your salary funds pre-tax. Any money earned or invested into a 401k during a...

Patrick Harwood · May 10, 2020 · 2 min read
401(k) After Tax Contribution Limits
Finance

401(k) After Tax Contribution Limits

When saving money for retirement, you have many choices as to how to save money. One option available, if your employer offers it, is a Roth 401(k)...

Patrick Harwood · May 09, 2020 · 2 min read
Company 401k Policies
Finance

Company 401k Policies

The 401k is a type of retirement plan that companies can offer as a benefit to their employees. While all 401ks have some common rules, some of the...

Patrick Harwood · May 08, 2020 · 3 min read
How Does the 10 Percent 401k Tax Penalty Work?
Finance

How Does the 10 Percent 401k Tax Penalty Work?

Particularly if you work for a large company, your employer may offer you a 401k plan as a benefit. A 401k plan is an investment plan intended for...

Patrick Harwood · May 07, 2020 · 2 min read
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