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From My Retirement Blog - view blog entries - visit this blogJuly 3, 2008 at 2:21 pm ET
If you’re like me, you recently saw your retirement accounts take a pretty sizable hit. In fact, since October of last year, the markets have been down 20%. 20% puts it into bear market territory ... ( more)
From My Retirement Blog - view blog entries - visit this blogJuly 1, 2008 at 6:16 am ET
No matter who takes a crack at 401(k) mistakes, they invariably come up with the same advice over and over again. That’s not to say it’s not worth reading, it definitely is, but it shows ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 30, 2008 at 11:54 am ET
If you are retired and living on a fixed income, it’s very important for you to manage your expenses so that they don’t exceed your income. This underscores the importance of budgeting because you have ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 27, 2008 at 3:09 pm ET
A week wouldn’t be complete without a nice myth busting post like the one put out by Rich White and Investopedia today. This week, it’s the top six myths about Social Security Benefits and some ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 25, 2008 at 7:46 am ET
It’s never too early and never too late to draft a Last Will and Testament, if you don’t have one… get one! When it comes to Wills, you can make it as complicated or as ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 23, 2008 at 10:16 am ET
You can start receiving Social Security payments as soon as you turn 62 but you pay a penalty for taking payment so early. If you wait until full retirement age, which varies with the year ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 23, 2008 at 6:22 am ET
In 2010, the income rules for Traditional IRA to Roth IRA conversions will be lifted. It’s known as the 2010 Traditional IRA conversion loophole and it will let anyone get themselves a Roth IRA if ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 20, 2008 at 8:39 am ET
Usually a debt obligation, such as a bond, by the federal government, state, or city is reliable and dependable. In fact, it’s so reliable that there’s a suit being raised against bond rating agencies over ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 19, 2008 at 6:08 am ET
If you have a Traditional IRA or 401(k), you are required by tax rule to start taking required minimum distributions (most of the major brokerages have tools to help you manage this) by April 1st ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 18, 2008 at 6:47 am ET
If you’re considering converting your Traditional IRA to a Roth IRA, remember that you will need to pay taxes on the conversion amount and you may be subject to an underpayment penalty because of it ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 17, 2008 at 6:45 am ET
I have no idea why 401(k) participation wasn’t automatic in the first place and why it took the Pension Protection Act of 2006 to make it possible. The benefits of the law are already being ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 16, 2008 at 6:37 am ET
Last friday, Democratic Presidential hopeful Barack Obama announced that he would try to apply the Social Security payroll tax to include incomes above $250,000; in addition to the current payroll tax which collects 6.2% from ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 12, 2008 at 7:33 am ET
It’s been reported in Money on CNN Money that approximately 25% of employers with 401(k) plans are now offering professional investment advice for their employees for a fee of 0.4% to 1%. What they’ll do ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 11, 2008 at 7:05 am ET
The follow rules regarding dependents was accurate for the 2007-filing year, you should review any updated dollar limits as the IRS publishes them and, as always, consult with a tax professional before making any decisions.
When ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 11, 2008 at 6:26 am ET
$376,000 is the highest amount recommended by the Employee Benefit Research Institute in a report released yesterday. What the EBRI, which is a D.C.-based public policy group, recommends for a couple, with premiums not subsidized ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 10, 2008 at 7:05 am ET
Everyone knows that it’s important to save for the future and everyone has played with the fun little retirement calculators that tell you how much you need and by when. However, what most people don’t ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 9, 2008 at 7:41 am ET
Lifecycle, Lifestyle, Target Retirement… and now LifeStrategy. Are these all the same things? Are they different? Is it just branding at work?
LifeStrategy is Vanguard’s trademarked name for a Lifestyle fund. If you recall the differences ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 6, 2008 at 10:20 am ET
Snowflaking, or micropayments, is a clever idea but when it comes to paying off debt but when you are talking about contributing towards retirement, you have to keep several things in mind.
First, the rules of ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 6, 2008 at 7:57 am ET
I had a reader Wallace send in this question:
What is the law regarding premature IRA CD withdrawals by senior citizens without penalty?
Wallace,
The law regarding premature IRA withdrawals depends on the type of IRA you have. ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 5, 2008 at 7:11 am ET
Every retirement plan you own has a spot for you to designate a beneficiary. It seems like a simple problem right? Just pick someone you trust and everything will be okay. Couples name their spouse, ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 4, 2008 at 8:08 am ET
A target retirement (or lifecycle) fund is a mutual fund that changes its asset allocation as time passes. The intent is to mirror what investors do as they are aging, shifting assets from riskier to ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 3, 2008 at 7:45 am ET
Now that we’re deep into high school graduation season, with thousands of former high school students readying themselves for both the summer and the next four years of education, you might be wondering how the ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 2, 2008 at 6:23 pm ET
One of the greatest concerns many Americans have about Roth IRAs is whether a change in the tax code can end up screwing us. Right now, you are taxed on contributions made into a Roth ... ( more)
From My Retirement Blog - view blog entries - visit this blogJune 2, 2008 at 7:19 am ET
When it comes to taxes, it makes a big deal how long you’ve held your investments. If you’ve held your investments for over a year before selling, you are taxed at the long term capital ... ( more)
From My Retirement Blog - view blog entries - visit this blogMay 30, 2008 at 8:34 am ET
Given the recent Supreme Court ruling that upheld the tax advantaged status of investments such as municipal bonds, you may be tempted to begin investing in these instruments. If you do, don’t invest in them ... ( more)
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