Retirement
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, you can open a traditional IRA account before the tax deadline, make $4,000 [...]
Buy that Big Screen TV You Want and You’ll Still be Fine When You Retire
Go ahead and buy that big-screen TV. Enjoy your daily latte. Book your dream vacation. When it’s time to retire, you’ll be just fine.
Though this is not exactly what came out of my mouth, it pretty much represents my opinion when it comes to enjoy the life today and live comfortably 30 years later.
In an [...]
Are We Saving Too Much?
Yesterday, I read an article on New York Times with the title "A Contrarian View: Save Less, Retire With Enough" [Registration required]. Without reading the article, the message seemed to be very clear: maybe we are saving more than necessary.
If you visit any of the big mutual fund firms' website, such as Vanguard, Fidelity, or [...]
IRA Transfer from Scottrade to Vanguard: The Horrible Experience Continues
The first thing I did when I came to work this morning was giving Vanguard a call, again.
When I filled out the IRA asset transfer form to move all Vanguard funds in my IRA account from Scottrade to Vanguard, I provided a blank check and instructed Vanguard to automatically invest $200 into each of the [...]
Finally, My IRA Transfer is Completed
I can't believe it took more than two months to transfer my IRA assets from Scottrade to Vanguard.
Last night, I finally received the confirmation letter from Vanguard, saying that the transfer is now completed and my Vanguard account is ready. The assets were moved to Vanguard on December 8th, two months and eight days [...]
myPlan, Fidelity’s Retirement Calculator, Said We Need $6 Million for Retirement
Fidelity’s myPlan is a simple retirement calculator which estimates the retirement assets based on your current age, annual income, and monthly saving rate. There are five simple questions to begin the asset projection:
How old are you?
How much do you make per year?
How much do you save so far, including everything you saved for retirement such [...]
Is It Just Me? Or Vanguard? Or Scottrade? Or All?
I really don't know if it's only me or somebody else who ever transfered their IRA assets from Scottrade to Vanguard had the same terrible experience.
After my last conversation with Vanguard more than two weeks ago, I thought all the troubles I had with Vanguard were behind me and the last chapter of the nearly [...]
Vanguard, I AM Disappointed
If it's not for your mutual fund products, I probably don't want any business with you!
Well, that was my feeling after a 30+ minutes phone conversation with Vanguard last night. I thought I already had enough trouble with Vanguard for our Roth IRA assets transfer, but it isn't over.
When I got home last night, there [...]
Six Ways to Boost Your Savings by Making the Most of New Tax Law
I ususally don't read very carefully the newsletter Fidelity sends to me as I see it as an advertisement. But an article in today's E-News got my attention. It's about how to take advantage of the new tax law passed in August to boost savings. Below is the summary of the article, click here for [...]
Sent Checks to Scottrade
Due to the apparent delay of our Roth IRA transfer process at Vanguard, I decided to mail the checks ($1000 each) to Scottrade for our forth quarter Roth IRA contributions. When I started the transfer process at the end of last month, I thought it could be done before the next quarterly automatic investment date [...]
