Tag: 401k
member name: Jeff S.
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November 24, 2009 02:18 PM EST --
Q: "Why should I invest in my company 401(k) plan? I don’t think I can afford to"
A: If your employer is offering you 401(k) retirement plan with a company match, it would be wise to . . .
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October 01, 2009 01:23 PM EDT --
Many people close to retirement ponder how to take distribution on their 401(k) or traditional IRA. Often at the advice of their financial advisers, they cash out the entire retirement fund in a lump . . .
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November 30, 2009 01:38 PM EST --
Continued from Personal Finance Topic #105 - Reckless Credit Card Marketing
(Summary: Credit card companies have been out-of-control with excessive fees, huge late penalties, and rampant . . .
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December 15, 2008 07:14 AM EST --
I am struck by the fact that normally sane and intelligent people are telling me that they are either cutting back or stopping on their regular 401(k) or IRA contributions, even though they . . .
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December 17, 2008 11:18 PM EST --
How to find free money for 2008 tax year
IRS helps you reduce income tax on April 15 th but this offer expires on 4/15/09 or sooner
Invest in a traditional IRA before April 15, 2009 (or . . .
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November 27, 2009 09:23 PM EST --
(Summary: If a young couple wants to become a millionaire, it’s not difficult if you follow the plan below)
Case 1: You are married with a young child, living in a $180K house with . . .
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December 15, 2008 07:32 AM EST --
I am struck by the fact that normally sane and intelligent people are telling me that they are borrowing from their regular 401(k) or cashing out their old 401(k) at their former employer. These . . .
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January 09, 2009 01:03 PM EST --
I am dumb struck by the fact that normally sane and intelligent people are telling me that they are cashing out their 401(k) to pay off debts or buying expensive items like home or new auto. These . . .
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February 01, 2009 11:17 PM EST --
One of the perceived benefits of having a 401(k) is the ability to borrow money from it. On the surface this seems like a great idea. You get to take out a loan against your own money, and pay yourself . . .
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August 09, 2009 10:27 AM EDT --
America's saving rate has increased to an amazing 7 percent of earnings in July 2009. Just a while ago, the rate was an abysmal -2.5 percent, which meant that an average consumer was spending . . .
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November 19, 2009 10:03 PM EST --
If you touch your 401(k) next egg before you turn 59 1/2, you have the potential of losing 35% to 45% of the amount you touch to your friendly Internal Revenue Service. Keep your hands off your . . .
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November 24, 2008 12:21 PM EST --
You are married with a young child, living in a $180K house with $150K mortgage balance at 5% rate, and your household income is $100K, and contribute nothing into your 401(k). Then the income tax is . . .
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December 22, 2008 01:18 PM EST --
You promised yourself to eat less and exercise more, and spend less and save more. Tax is one big expense for most of us. Now is the time to start thinking ahead to reduce your income tax hit for 2009. . . .
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May 26, 2009 01:15 PM EDT --
Question: I need cash, so should I raid my retirement money?
Many of you lost value in your precious retirement through 401(k), 403(b), Roth and Traditional IRAs, and other . . .
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November 20, 2008 10:34 PM EST --
This is about saving in taxes and about getting rich in the process. Basic premise on income tax is that we should pay our fair share of income tax, but not pay a penny more than what we absolutely and . . .
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November 20, 2008 10:42 PM EST --
A recent PBS Frontline program highlighted many pitfalls of investing in 401(k) accounts provided by employers. Many people assume that once they start a 401(k) investing, their retirement is assured. . . .
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July 16, 2009 04:52 PM EDT --
Today is July 16, 2009 (Update since 7/2/09 read "Personal Finance Topic #89")
In case you may have been busy with your life, there has been a stock market boom since March 9, 2009. . . .
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May 03, 2009 10:47 AM EDT --
I realize that many of you lost value in your precious retirement through 401(k), 403(b), Roth and Traditional IRAs, and other retirement vehicles. I understand that you have uncertainty and fear . . .
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May 27, 2009 11:28 AM EDT --
Question: How should I invest now?
This is a complicated question, and has multiple answers. But let me simplify my answer by offering a set of assumptions and a priority scheme. . . .
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August 08, 2009 11:56 PM EDT --
Our taxes will increase – I have no doubt.
Economically speaking, I predict that our aggregate tax we pay to various taxing authorities will increase significantly in the next 10 . . .
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