Imagine peering into your mailbox and finding a check made out to you for $10,000. Are you:
1) Happy or
2) Not happy
Most would say “happy.” It’s $10,000. How could you not be happy?
For starters, some hope for a bigger check, perhaps from some sort of sweepstakes victory. For others, $10,000 might be inheritance from their multi-millionaire aunt or uncle. But the amount confirms that they weren't a favorite niece or nephew. For thousands though, a $10,000 check elicits unhappiness because it is a refund of the prior year’s 401(k) deferrals.
While many might be glad to have the extra cash, 401(k) refund checks can be bad news because:
Corporate Payroll Services can help you do just that. Contact us if you would like to explore your options and avoid getting that unwanted 401(k) refund check.
Actify Investor Retirements, LLC dba Corporate Payroll Services. Investment advisory services provided by Actify Investor Retirements, LLC. Actify Investor Retirements, LLC is a Registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein.
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