Retirement
Considering Rollover My 401(k)
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% [?]
Compare Your Savings Rate against National Savings Rate Guidelines
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% [?]
Correct Excess Contribution in Roth IRA Accounts
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% [?]
Key Differences between Traditional and Roth IRA
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% [?]
The Best Investments in IRA Accounts
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% [?]
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