Books get updated and reprinted on a regular basis. This post is from several years back, but worthy of a re-post!
Maybe you are about to Retire… CONGRATULATIONS ! ……Or maybe you are about to change jobs… exciting new times, just around the corner…
Here are a few handy reminders before/as you leave!
Job/Retirement Change Checklist
Grab that Last paycheck– Once you are gone, the internal system may be harder to access, be sure to get your last paycheck downloaded for your tax and personal recordkeeping.
RSU -Options- Grants -Make sure you are not leaving anything on the table via a vesting sunset or time line that can be associated with your departure.
Employee Stock Purchase Plan-Confirm you have control of your stock and transfer it to an easily controlled account-most ESPP plans are only holding tanks and cumbersome to make transactions.
Deferred Comp– Check on when your plan will be paying you your funds- i.e. tax year, time frame, and if all at once or over several series of payments- confirm the payments method and where they will be sent if mailed.
Pension – Get a copy of your latest balance or estimated amount, time frame of payment, if the projection is inclusive of your departure, if your spouse is included as beneficiary and his/her date of birth is correct and MOST IMPORTANTLY your correct address.
Health Coverage– You do not want to go a day without coverage, make sure you have some type of overlap such as Cobra, New company coverage, Medicare or outside personal coverage.
401k– In most instances you want to take control of your old 401k by rolling into a self directed IRA. Make sure your final paycheck withholding has hit your 401k before you roll it over or there will be residual amount later.
New 401k-In most cases you want to allocate your new 401k aggressively- be careful NOT to overfund your old and new plan in the same year- most maximums are $18k (+$6k catch up) – If your two employers do not know about each other they may accidentally allow you to overfund the total afore mentioned amount
Severance– Be sure to get your arms around the type, amount, timing and pay and benefits.
Social Security Withholding – Withholdings may likely be over withheld since your two employers did not know about each other – keep good tax records- if they did, you get a refund.
While mentioned several times, once more due to just how important, be sure to keep your address up to date with your former employer !
Have a great ‘More Organized” Day!
John A. Kvale CFA, CFP
Q 3 2018 Newsletter Video Audio Podcast Review By John Kvale
Welcome to our Video and Audio Podcast Review of our Q 3 2018 Newsletter. For those on the road or just unable to grab the time to read, our podcast type review gives you the behind the scenes insight to our thoughts, observations and deep views of the entire Newsletter.
Click here for direct link to an electronic version (an early peek-good ole fashion paper versions are on their way to you shortly) and here for our Newsletter page
Let’s get going!
Q 3 2018 Newsletter
And here is your review!
Inverted Yield Curve
In this hugely in depth article was originally ran in abbreviated form, here, here, here, here and here on street-cents.com-
Here is the key graph-
The inverted yield curve has been a good predictor of recessions.
Three Key Tax Items
In our detailed article in the Newsletter, we address the three key tax change items-
Where have all the Stocks Gone?
In this Article we discuss the absence of stocks over the past several decades, leading to possible higher valuations.
Enjoy your summer-
See Ya next Quarter!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
www.jkfinancialinc.com
www.street-cents.com
Share this:
Like this:
Leave a comment
Posted in Audio, Investing/Financial Planning, Market Comments, Newsletters, Tax Related, Video
Tagged Found Money, Inverted Yield Curve, Rates, Tax Rates, Tax Savings, Tripit