Retirement
How to use your 401k account for your mortgage. What are your options for withdrawing money from a 401k for your home or mortgage?
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Contributions to IRA accounts for 2010 and 2011 are subject to an annual limit of $5,000 for all taxpayers under age 50. (The IRA contribution limits for 2011 are the same as the IRA contribution limits for 2010.) IRA owners over age 50 can contribute an additional $1,000 catch-up contribution to their IRA account for [...]
What is the difference between a Roth IRA and a traditional IRA? That question about retirement planning is very common. I’ve written up short answers, detailed answers, courseware, seminars, flyers, tear sheets, white papers, and who knows what else about what a Roth IRA account is versus a traditional IRA account. Lately, the questions, while [...]
The 401(k) Primer is up at www.financegourmet.com Direct Link to 401(k) Primer
Over on the Finance Gourmet information site, there is an article on the downside that most people forget when they take out a [tag]401(k) loan[/tag]. Most plans require you to repay the full amount within 90 days if you leave the company. If not, it is an early withdrawal for people under 59 1/2 — [...]
Ok, it’s official. Pretty much everyone in America is getting a [tag]tax rebate[/tag] this summer. The IRS says they’ll start mailing checks in May. So how would you like to get a nice tax-free bonus on your tax rebate? Here’s how. Your tax-rebate is part of the [tag]economic stimulus[/tag] package recently passed by Congress and [...]
Continue reading about How to Get a Bonus On Your Tax Rebate!
A client asked me what they should do with their [tag]economic stimulus[/tag] [tag]tax rebate[/tag] they will get later this year. (So will you!). Usually I tell people to pay down debt if they have any. They don’t have any. They also have already maxed out their [tag]IRA[/tag]s for 2008. But, they have kids! So I [...]
Continue reading about Put Your Tax Rebate In an IRA or 529 Plan – GENIUS!
