Tag: retirement
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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November 01, 2009 04:05 PM EST --
On my last post, "Jeff's Stupid Topic #23 – Coffee, Tea, or $4million tax-free?" I explained that by investing $100 a month in a mutual fund yielding 12% rate inside Roth IRA and increase contribution . . .
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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 09, 2008 03:31 PM EST --
I’d like to impart to you some of my financial wisdom (also known as common sense) I accumulated over the last 5 years here in a nutshell.
(Let me know if you have really good ideas)
Pay . . .
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November 22, 2008 10:37 AM EST --
Except for the past 12 months, S&P 500 index fund has shown a good growth in the last 5 years. It has averaged 10.0% on an annualized rate from Jan 2003 to Jan 2008. These last 12 months . . .
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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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December 20, 2008 02:56 PM EST --
We are all conscious of the frailty of our Social Security Program that is slowly losing its steam. Some of the payers into the system may not see the kind of benefits the retirees currently enjoy. . . .
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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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November 23, 2008 06:35 AM EST --
Federal Insurance Contributions Act taxes (FICA - Social Security and Medicare) and income tax are two very expensive budget items for most wage earners. But worse still, when you retire, you may . . .
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April 05, 2009 04:14 PM EDT --
401(k), 403(b), SEP, Roth, Traditional IRA plans are all excellent retirement plans IF you have spare money. However, if you have suffered or are suffering negative event in your personal finance, you . . .
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April 28, 2009 01:33 PM EDT --
This posting applies to millionaires only.
A significant change in inheritance tax will be enacted to the Federal estate tax, unless Obama administration chooses to change the legislation. . . .
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May 04, 2009 09:03 PM EDT --
Have you looked at the S&P 500 index performance in the last two months? Just look at the fact:
Recent Low on March 6, 2009 at 666.79 points
Recent High on May 4, 2009 at . . .
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July 01, 2009 11:37 AM EDT --
Are you poor or are you broke? Is this a question about semantics? Let me clarify myself
Being Broke - Being broke is having no cash flow. We've all been there. You're . . .
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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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October 30, 2009 08:56 AM EDT --
We all know that paying the minimum monthly payment on a credit card is one of the worst things you can do to your pocket book. And yet millions of credit card holders do that with one or more credit . . .
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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, 2009 11:37 AM EST --
I talked about this topic before, but the number still astounds me. This is an example of compounding interest and opportunity cost that can easily get lost in the noise because consumers . . .
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December 16, 2008 07:17 AM EST --
Here are some basic fundamental ideas of personal finance:
Stick to them, and you'll be a very smart consumer.
1. Keep your life simple.
2. Read the contract.
3. Don't buy things . . .
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November 22, 2009 03:55 PM EST --
How to inoculate DEBT-ADDICTS a nd CREDIT CARD ZOMBIES
Last post discussed how some consumers became DEBT-ADDICTS and CREDIT CARD ZOMBIES when they were careless about using . . .
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