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Stock impact report

Financial Planners: Why You Should Stay In Your 401k in Retirement [Yahoo! Finance]

Heritage Financial Corporation (HFWA) 
Last heritage financial corporation earnings: 4/30 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Be Aware: Here's Exactly How Much Savings You Need To Retire in Your State Find Out: 5 Unusual Ways To Make Extra Money (That Actually Work) A lot of financial advisors suggest retirees consider a 401(k) to Roth IRA conversion in retirement to lower taxes, but there are some worthwhile reasons to stay in a 401k, depending on your circumstances. Financial planners explain eight reasons why you should stay in your 401k in retirement Creditor and Bankruptcy Protection One of the best reasons to stay in a 401(k) in retirement is for bankruptcy and creditor protection, according to Jake Skelhorn, CFP with Spark Wealth Advisors, LLC “IRA protection varies by state but can be more vulnerable to lawsuits than 401(k) plans which are fully protected under ERISA (Employee Retirement Income Security Act). If you are a retired business owner or may be a target of lawsuits even after you retire, it may make sense to keep your money in the 401(k),” Skelhorn said. Consider The Rule of Show less Read more
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