Retirement
Update on IRA Transfer to Vanguard
Just got off the phone with Vanguard and Scottrade regarding transferring part of my Roth IRA asset from Scottrade to Vanguard and the news wasn't pretty.
I submitted the paper work on September 29th and had expected to whole process to finish in October. According to Vanguard, the transfer can take up to four weeks, so [...]
NAR Study Found Baby Boomers Face Uncertain Future
A study report released today by National Association of Realtors found that a majority of the 78 million baby boomers, those born between 1946 and 1964, face uncertainties when it comes how to retire. The study was to find what kind of homes baby boomers will buy when they approach retirement. However, it also shows [...]
A 8-Step Course for Your Personal Finance from CNNMoney
As we entered the last quarter of 2006, there are some articles recently offering advices on how to get your personal finance in order at the end of the year and be prepared for 2007. For me, there are at least three things I plan to do for our investments before year end:
Rebalance both taxable [...]
Reminder: Free Financial Advice Tomorrow, October 6th
This is just to remind you that tomorrow, October 6th, there will be another session (the last of two) of financial assistance on retirement planning, sponsored by Kiplinger's Personal Finance and NAPFA. The advice is free via the toll-free number (888) 919-2345.
According to Kiplinger, more than 1300 people participated the first event on September [...]
Moving Part of My Roth IRA to Vanguard
Back in July, I learned from Scottrade, which holds my Roth IRA account, that one of my favorite Vanguard funds, Vanguard Wellington fund (VWELX), is closed to investors who invest in the fund through a brokerage firm. I have been investing in the fund since 2001 and have no plan to give up my positions. [...]
Save now, Girls!
I came across an article on SmartMoney.com the other day titled “The Girl’s Guide to Retirement,” and there are some interesting numbers in the article that caught my attention.
Mark Your Calendar: Free Financial Advice on Retirement from Kiplinger and NAPFA
This is what I found from Kiplinger's Personal Finance website. On Thursday, September 21 and Friday, October 6 (only these two days), Kiplinger's Personal Finance and the National Association of Personal Financial Advisors (NAPFA) will hold Kiplinger's Jump-Start Your Retirement Plan Days and members from NAPFA will answer your questions on retirement planning for free [...]
Earned More and Kept More?
Obvious?
Maybe not, at least according to a Money article I read today. The article showed what a money manager at Vanguard has observed from people participating in Vanguard 401(k) plan:
People with median assets of $200,000 have median income of $69,000, and
People with median assets of $38,000 have median income of $83,000
And what made the difference [...]
Highlight Of Changes In Pensions
From AP, major changes in the new Pension Bill include:
Requires employers with defined-benefit plans to make sufficient contributions to meet a 100% funding target and erase funding shortfalls over seven years.
Forces employers with “at-risk” plans to make accelerated contributions. Under one scenario, a plan is deemed at-risk if it falls below 70% funded status using [...]
Partial Transfer to Vanguard
Well, after a long delay, I finally called Vanguard this morning to check out the possibility of transferring my Roth IRA assets currently at Scottrade to Vanguard. I currently have a total of five funds in my portfolio and four of them are Vanguard funds: VTSMX, VWELX, VGTSX, and VIPSX. The only exception is [...]
