Money Today That Matters Tomorrow
The article below shows what options you have if you mistakenly over contributed to your employer 401k plan or IRA. Over Contributed to Employer Sponsored 401(k) Plan Firstly, congratulations on having reached your annual maximum contribution. But over contributing to your 401k (or IRA plan as discussed below) subjects you to the …
In the current economic environment, many people are finding it hard to make ends meet or pay for unexpected events requiring large sums of money. In some cases this is forcing people to turn to their retirement accounts to find the necessary funds. All good personal finance advice says not to …
Nothing is more significant over the long term from a financial planning aspect than ensuring you are setting aside and investing a sufficient amount of money to take care of your monetary needs in retirement. This can be easy to put off, especially if retirement is far away and taking …
I receive a lot of questions on Individual retirement accounts (IRA) based on related posts I have written on this topic. One question that seems to come up often, is how to actually open an IRA account and where is the best place to do so. An IRA is your personal savings …
Updated : See the latest year IRS tax brackets here. President Obama and Congress have approved a two year extension to all the Bush-era tax cuts. This means that the 2011 Federal IRS tax rates will be the same as 2010 rates, shown in the table below. However tax bracket …
With rising prices and economic uncertainty, many Americans are still finding it hard to make ends meet and find that they are having to tap one of their most important and final saving vehicles – their company sponsored 401k or 403b (tax advantaged) retirement plans. There are 3 ways that …
No doubt everyone who has a company sponsored retirement account (401K, 403b) and/or self managed plans (IRA, Roth IRA) has read about all the right things to do like regular investing, diversification and choosing low-cost funds. However, it is just as important to consider what NOT to do with your …
With the latest Democrat tax proposals, a growing national debt and continued increases in government spending, taxes are going up sooner or later. Despite all the political mutterings, rising taxes seem a certainty. Tax hikes will be rising to finance our high national debt and to pay for long term …