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Early Retirement Isn’t Out of Reach

For many people, the idea of exiting the workforce permanently and retiring seems like such a far away goal.  Imagine what they think about not just retiring but retiring early. Leaving your job while still in your 50s sounds like something reserved only for the wealthy but increasingly we’re seeing individuals all across the wealth […]

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Does Automatic Enrollment Improve Retirement Saving?

Our government has been for a while now trying its best to figure out ways to get American workers to help themselves by saving for their retirement.  Too many still think that Social Security is a retirement savings program in and of itself (it’s only designed to provide 20-30% of total retirement income). A couple […]

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Should You Convert Your IRA to a Roth Account?

If you are currently investing money in an Individual Retirement Account (IRA), you may be considering having the money rolled over to a Roth IRA. 2010 is the first a traditional IRA can be converted to Roth IRA without income limit. But before you make any changes, you should be clear about the details of […]

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Just Say No To 401(k) Loans

This past week, I received an e-mail from my employer’s Human Resources department. After years of staying away from them, my company’s 401(k) plan will now give us the option to take a loan from our retirement savings account. It doesn’t really come as a surprise as seemingly all 401(k) plans nowadays are offering personal […]

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The Importance of Choosing the Correct Retirement Date

This past weekend, my wife and I were talking out on our patio and the topic of retirement came up. Again. The retirement subject comes up quite often in our house. We like to talk about getting to retirement and what we’re going to do to fill all those days even though we’re still a […]

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How to Open An IRA Account

As we’re getting into the tax season, how to lower tax payment legally is probably on everybody’s mind. While most techniques you could employ to reduce your tax bill for the previous tax year already expired at the end of the year from, there is still one thing you can do to significantly cut your […]

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Financial Tips for College Students

This month, The Money Writers is having its second group writing project. The topic this time is about financial tips for college students, most of them just began their new school year after the long summer break. This is a relatively new area for me, not the financial tips part, but the college part because […]

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Economic Stimulus Payment Directly Deposited into IRA Accounts?

Then, are you going to use it? I didn’t know until yesterday after reading an article on MarketWatch that IRS can actually deposit the economic stimulus payment directly into tax-sheltered accounts such as IRA and Roth IRA (well, we are still waiting for the check to come, which is supposed to be later this month). […]

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