ING Group’s US retirement, investment and insurance business, ING U.S. announced today its plans to rebrand as Voya Financial, following the proposed IPO. Visit www.voya.com for more information.
Keeping this in consideration, what are 4 types of retirement plans?
Here are some of the types of retirement accounts you might be eligible to use:
- 401(k).
- Solo 401(k).
- 403(b).
- 457(b).
- IRA.
- Roth IRA.
- Self-directed IRA.
- SIMPLE IRA.
Secondly, who bought out VOYA?
Voya began as ING U.S., the United States operating subsidiary of
| Type | Public |
|---|---|
| Website | www.voya.com |
| Footnotes / references | |
Who bought out VOYA financial?
What is a good rate of return on 401k?
Many retirement planners suggest the typical 401(k) portfolio generates an average annual return of 5% to 8% based on market conditions.
Can I cash out my VOYA account?
Since contributions are made on an after-tax basis participants may be eligible to withdraw contributions without owing taxes or a penalty; however, withdrawals of earnings prior to age 59½ and holding the account for five years will be subject to income taxes and a 10% additional tax unless an exception applies.
What is a hardship withdrawal?
A hardship distribution is a withdrawal from a participant’s elective deferral account made because of an immediate and heavy financial need, and limited to the amount necessary to satisfy that financial need. The money is taxed to the participant and is not paid back to the borrower’s account.