Accumulating wealth is like building The Great Wall, one brick at a time
Category: 401(k)By Sun on Mar 13, 2008 in 401(k), Personal finance | 4 Comments
Everybody agrees in general that a 401(k) loan or a 401(k) debit card is a bad, bad idea. For those of us who don’t have a guaranteed pension plan and can’t rely on social security, 401(K), as well as other individual retirement savings accounts, is one major tool to save for retirement when our pre-retirement […]
By Sun on Feb 21, 2008 in 401(k), Personal finance | 7 Comments
According to a NY Times article (registration required) yesterday, the US Supreme Court has ruled on February 20th that workplace retirement plan participants can sue the plan administrator to recover their losses under the Employee Retirement Income Security Act of 1974.
The case, LaRue vs. DeWolff 06-856, is filed by James LaRue of Southlake, Texas, who […]
By Sun on Jul 25, 2007 in 401(k), Personal finance | 9 Comments
My wife’s employer started to offer Roth 401(k) plan through Fidelity this year. While it’s good to know that there’s a new saving vehicle available, we decided not to participate after examining the pros and cons of the plan at that time. The main reason was that it doesn’t offer more benefits than the traditional […]
By Sun on Mar 8, 2007 in 401(k), Investing, Personal finance | 2 Comments
The recent market plunge has generated quite some debate among PF bloggers what we should do (if we should do anything at all) with our investments in the event that major indexes lost 5% in just a couple of days:
Should we see it as a buying opportunity?
Should we re-evaluate our investment strategy?
Or should we simply […]
By Sun on Feb 3, 2007 in 401(k), Credit cards, Personal finance | 3 Comments
A little over a week ago, I applied a Citi Elite PremierPass credit card after seeing some discussion on FatWallet forum. What interested me were
the promise of no annual fee, which is usually $75,
15,000 bonus points after 1st purchase, and
0% balance transfer for 12 months
At the time when I applied for the […]
By Sun on Jan 18, 2007 in 401(k), Personal finance | 7 Comments
I got this idea when I was visiting MoneyMonk yesterday and reading his post on saving a little more in 401(K) by contributing 20% for the first three months and 12% for the rest nine months of the year. Since I started to contribute to my 401(k) plan, I always set a fixed percentage point […]
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