Retirement

Considering Rollover My 401(k)

Posted by Sun on September 5, 2007 (4) Comment

Last week, when my previous employer informed me that the company match for the first 6 months has been credited to my 401(k) account at Fidelity, I was also told that my account status will be changed to “Terminated” on August 31st. That means I can move the money to other accounts starting September 1st. [...]

Popularity: 17% [?]

Categories : Personal finance, Retirement Tags: , , , , , ,

Compare Your Savings Rate against National Savings Rate Guidelines

Posted by Sun on April 25, 2007 (6) Comment

So are you saving enough (or too much) for your retirement? Given your age and income, do you know how much you should set aside every month now so you can have enough fund to cover your daily expenses when you are at age 65?
In the April issue of Journal of Financial Planning, a [...]

Popularity: 35% [?]

Categories : Personal finance, Retirement Tags: No Tags

Correct Excess Contribution in Roth IRA Accounts

Posted by Sun on April 22, 2007 (5) Comment

We realized last weekend after we were done with our income taxes that we, my wife and I, had made excess contributions in our Roth IRA accounts. Based on our income numbers, TurboTax said we were only eligible for $200 Roth IRA contributions in 2006, instead of the maximum $4,000 we made throughout the [...]

Popularity: 29% [?]

Categories : Personal finance, Retirement Tags: No Tags

Key Differences between Traditional and Roth IRA

Posted by Sun on April 10, 2007 (4) Comment

Last week I got an email from a reader about the difference between Traditional and Roth IRA. The question is more on the withdraw side than contribution side. After giving a quick answer, I feel I can expand it a little bit with more information on this topic. But tax rules are always complex, so [...]

Popularity: 17% [?]

Categories : Personal finance, Retirement, Tax Tags: No Tags

The Best Investments in IRA Accounts

Posted by Sun on March 22, 2007 (2) Comment

So you still have about three weeks to file your 2006 income tax (this year’s deadline is April 17, 2007) if you haven’t done so already, what else can you do to save instantly on taxes? If you meet certain income conditions (see 2006 IRA deductibility limit at Investopedia), you can open a traditional IRA [...]

Popularity: 18% [?]

Categories : Articles, Personal finance, Retirement Tags: No Tags