Roth 401(K) or Traditional 401(K): Which One Is Better for You?

A few years ago, my wife’s employer started to offer Roth 401(K) together with the traditional, pre-tax 401(K) plan. At that time we decided to continue funding the pre-tax 401(K) account and not contribute to the Roth account for the same reason I used to not covert existing Traditional IRA accounts into Roth. As you […]

Direct Stock Purchase Plan (DSPP) Review

I bought a lot of individual stocks in recent years in my brokerage accounts, mostly with Scottrade. In addition to stocks purchased here and there though some of the widely used online stock brokerage firms, I also added two stocks, ExxonMobile (NYSE:XOM) and Boston Properties (NYSE:BXP), to my regular purchase list, all through Direct Stock […]

Free Credit Report and Credit Monitoring Services

May 1st was the one of the three times in a year that we request a free credit report from one of the three credit agencies. We have been doing this, getting a free credit report every four months, for several years and it had worked out quite well for us. All I need to […]

FICO Scores vs FAKO Scores: Differences and Correlations

If you are using one of the free credit score reporting services, such as those from Credit Karma and Credit Sesame, then you know what you get isn’t FICO scores that were developed by Fair Isaac Corporation and are by far the widely used scores by creditors in determining a borrower’s credit worthiness. Those, also […]

Scottrade Flexible Dividend Reinvestment Program Review

This time last year, I wrote that Scottrade, a discount online stock brokerage that I have been using since 2001, was about to launch its own free dividend reinvestment program. I was really excited when I first heard that the program might be available in the fall of 2012 because that’s what I have been […]

Credit Sesame Free Experian Credit Monitoring Review

I have been a customer of  Credit Sesame for several years already. Even though it offers a set of services, such as mortgage refinance (not that Credit Sesame will refinance your existing mortgage, but it will provide lender information with rates) and credit cards from various issuers, the only service I use is the free credit […]

Stocks Transfer from Scottrade to TradeKing Completed

Partially. A couple of weeks ago, I wrote that Scottrade, my long-time stock broker is about to launch its own flexible dividend reinvestment program, which the brokerage firm says will be different from the traditional dividend reinvestment program (DRIP) that automatically reinvest dividends after they have been received without investors’ intervention. In fact, none of […]

How One Missed Bill Becomes One Costly Mistake

I’m about to do something that I rarely do.  Admit that I made a mistake.  I’ve lamented before about how credit scores can be a notoriously fickle thing and can begin to drop rapidly if you start missing payments.  With a slight bit of shame, I’m about to give you a personal case study in […]

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