We are contributing to a 401k in addition to our Roth IRA. Here are the contribution limits for 2011 for others who will also use a 401k
Why Is A Roth IRA A Good Choice When Investing?
When investing one of the first things that you’ll have to decide is what type of account to use. We’re choosing a Roth IRA, and here’s why.
3 Common Mistakes To Avoid When Planning Your Retirement
When planning for retirement, we must be careful not to commit these 3 common retirement planning mistakes.
Opening A Roth IRA With Vanguard Just Got Easier As More Funds Now Have A $1000 Minimum
This past week Vanguard announced that they were lowering the initial investments for a wider range of funds to $1000. Investing just got more affordable.
The Psychology Of Saving
“The cost of saving too little is less than the cost of saving too much.” Have you ever really thought about the cost of NOT saving? It can be pretty high. Just fill in the blank: If I fail to save for retirement I might ______________. Have to work longer than I want to Be […]
Betterment.com Now Offers Mint.com Integration
Betterment offers a simple way for regular folks to invest, and they’re now offering a $25 account bonus when you sign up!
ING Direct Investing Review: ShareBuilder Renamed, Refocused And Simplified
This week ING Direct announced that they would be renamed from ING Sharebuilder to ING Direct Investing. They also launched a cleaner, simpler site.
Looking For Another Tax Deduction? Open An IRA
Last year, I was in danger of moving up a tax bracket. We were pretty close to the line between the two, and the accountant recommended that we open an IRA in order to, perhaps, drop us down a tax bracket. We already had a Roth IRA, but the contributions to a Roth IRA aren’t […]
Roth IRA Conversion Rules 2011
The Roth IRA conversion is still in effect. If you have been by my blog, you have probably seen that I have written numerous articles talking about the Roth IRA conversion. For 2010 there was a lot of hoopla about it, so I wanted to make sure that my readers and my clients had a […]
Essential Rules For Beneficiary Retirement Accounts
When a persons dies, their retirement accounts are left to the primary beneficiaries established on the account. Here’s how to make sure you get the beneficiary correct.
Should You Pay Off Debt Or Save For Retirement?
If you are in debt and behind in your retirement savings, where do you stick your cash? Do you hold off on contributing to retirement accounts until you are completely debt free?
2011 Traditional And Roth IRA Contribution Limits And Phase Outs
At the end of October, the IRS released their 2011 IRA contribution limits. If you have a Roth IRA (and you should), you’ll want to keep a close eye on the amount you’re allowed to contribute each year, because from time to time the amount does go up. When it does, you want to make […]
What Is The Best Place To Open A Roth IRA?
As my wife and I go through the Dave Ramsey’s 7 Baby Steps, we’re finally completing step 3, building 3-6 months of expenses (although we decided to save closer to a year of expenses), and we’re now entering step 4 where you are to invest 15% into Roth IRAs and other pre-tax retirement accounts. While […]
Nearly A Quarter of Fidelity’s 401(k) Accounts Have Loans Against Them. Why This Is A Bad Idea.
A while back I wrote an article about 401k loans and taking early withdrawals from your retirement account. I talked about the penalties you could face, and explained why I think it’s a bad idea. This week I was reading some economic news and came upon an article on Reuters.com that gives a startling statistic […]
