Does Ultra-Frugality Mean That You Don’t Need A 401(k) Or A Roth IRA?

An ultra-frugal reader writes in with an interesting question - why even bother with a 401(k)? ... into IRAs & 401(k)s because of the tax benefits. “It’s free money!” people tell us. And we do have a pretty ... all of that covered and you can still walk at age 44, that’s fantastic, and a 401(k) probably is a waste for you because [more...]

Date: 2007-06-02 15:00:17
Blog: The Simple Dollar...

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Considering Rollover My 401(k)

Last week, when my previous employer informed me that the company match for the first 6 months has been credited to my 401(k) ... of the rollover and whether I want to pay taxes now or in the future. Since 401(k) contributions are made ... in my 401(k) if I choose to convert from Traditional to Roth after the rollover. Last year, we lost [more...]

Date: 2007-09-05 13:52:22
Blog: The Sun’s Financial Dia...

The Solo K

In talking to another blogger I realized that a financial planning tool that I have been using for the past four years isn't widely known about and ... with a professional. The Solo 401(K) is a 401(K) for people that are self-employed, or own a business in which ... to a 401(k). If you have a regular corporate job you can defer $15,500 of your money to a [more...]

Date: 2007-09-23 16:39:51
Blog: Infant Days Sleepless N...

Market Downturn Taking a Toll on Our 401(k)s

I don’t check my 401(k) as often as I check my stock investments because, whether it’s up or down, ... with a YTD gain of 1.1%. I didn’t make any new contribution the my 401(k) since I changed job in June ... . I have a very simply portfolio in my 401(k) plan with Fidelity. Currently my holdings include Fidelity [more...]

Date: 2007-08-20 13:25:27
Blog: The Sun’s Financial Dia...

Planning Your Retirement? Be Cautious Of 401(K) Fees

It is highly probable, that if you are not self-employed, you may have a 401(K) ... is to roll your 401(K) account into an IRA or a Roth IRA account. This option is open only to those ... too much in the form of 401(K) fee. It has been pointed out by the government accountability office [more...]

Date: 2007-08-28 06:56:19
Blog: Personal Planning | MyP...

Glossary of Retirement Terms

Glossary of Retirement Terms Saturday, September 15th in Finances | No comments Do you know the difference between a 401(K) and a Traditional IRA? ... to get a better understanding of how to save and invest for your retirement. 1. 401(K): A plan in which ... to the 401(k), but is offered at public schools and tax-exempt organizations like libraries, [more...]

Date: 2007-09-15 23:02:35
Blog: Life Lists...

Should ETFs be in your 401(k)?

Should ETFs be in your 401(k)? Posted Sep 10th 2007 4:56PM by Zac Bissonnette Filed under: Newspapers, ... (k) retirement plans." It seems likely that, at some point down, the road, you will have an opportunity ... dollars at a time. It's very likely that, in a 401(k), you are investing in smaller chunks. The size [more...]

Date: 2007-09-10 16:56:00
Blog: BloggingStocks...

Personal Balance Sheet, September 2007 ($116,475, +9.4%)

This may seem “weird” to new Consumerism Commentary readers, but this blog started as a place for me to semi-publicly track my financial progress ... , which may lower my net worth. Numbers aren’t always an exact science. My 401(k) and the rest ... , 401(k), and Roth IRA, and my withdrawals include selling my second quarter ESPP shares of $1203 [more...]

Date: 2007-10-03 13:38:34
Blog: Money, Investing, and M...

What Does It Mean To Put Away 10% Of Your Salary For Retirement?

A reader wrote in with the following question: I have read in many places that you should maximize your 401(k) contributions ... a year but does not have a 401(k) at work. I advised her to start contributing to a Roth IRA immediately ... now, I am contributing 5% of my income to my 401(k) program and my company is matching [more...]

Date: 2007-06-16 15:00:10
Blog: The Simple Dollar...

Point Weak — Shout Loud — Keeping Up With Everything Frank Doesn’t Know

Several days ago I wrote a piece talking about qualified plans, better known as IRA’s and 401(k)’s. It was titled 401(k) ... into qualified plans you’re setting yourself up for a nasty surprise upon retirement. Your income ... with qualified plans. For instance, the income produced by the insurance which from now on will be called [more...]

Date: 2007-06-05 20:56:05
Blog: BloodhoundBlog: Real e...

401(k) Stock Drop Litigation - Back in Fashion Again?

401(k) Stock Drop Litigation - Back in Fashion Again? Posted on May 30, 2007 by Susan Mangiero Back from a somewhat relaxing weekend ( ... of safe harbor and selection of fiduciary advisor pursuant to th ... article about 401(k) "stock drop" cases. Is it coincidental or a harbinger of next season's hottest [more...]

Date: 2007-05-30 05:04:00
Blog: Pension Risk News & Ana...

A Richer Retirement Starts with Just Two Simple Steps

A Richer Retirement Starts with Just Two Simple Steps by Philip A. Springer ... advantage of whatever opportunities your company offers for saving and investment, such as a 401(k), 403 ... 401 (k). Even if you have your own business, it's only good sense to set some money aside for long [more...]

Date: 2007-09-27 11:08:00
Blog: The Trump Blog...

Retirement: 3 Common 401(k) Mistakes

pennysaved.jpg The 401(k) is one of the best ways to maximize your retirement savings. After all, if the company matches your contribution, you start off with a 50% to 100% gain right off the bat. That said, many employees are not making the most of the potential locked in their 401 [more...]

Date: 2007-07-17 19:19:47
Blog: The Consumerist: Shoppe...

Be Smart When You Rollover Your 401(k)

Carey Greenberg-Berger wrote an interesting post today on Here’s a quick excerpt There are few better investment returns than an employer’s matching contribution made to your 401(k). But after you retire or leave that company’s employment, you should almost always roll your 401(k) into an IRA for better investment choices. Being smart by rolling [more...]

Date: 2007-10-01 01:06:42
Blog: Credit Starter Guide...

When are Taxable accounts better than 401(k)s

There should come a time in everyone’s life where you have to make a decision : Do I put more money in my 401(k) or do I put money into a regular old taxable account? There are many different schools of thought on this, all of them different and most of them horribly wrong. Here’s what I think: Basic Assumptions: You know the fees of your 401(k) [more...]

Date: 2007-08-22 12:06:51
Blog: The Grumpstump ...

Investing - FUN with mutual FUNds

Anyone who reads this blog with regularity knows that one of the key reasons I want you to become debt-free is so you can invest more! ... . As I prepared this list, I realized several things: We have too many accounts. We have a rollover 401(k), rollover 403(b), 529, Roth IRA, 401(k), and a SIMPLE IRA. I am OK with some risk [more...]

Date: 2007-08-08 08:00:20
Blog: JosephSangl.com...

How to Make a Sizable Charitable Donation From Your IRA - Tax Free

If you are over 70 1/2 years old, want to make a gift for a special charitable project, but your only liquid asset is your IRA, ... in the aerospace industry. He was more than well compensated and over the years accumulated a very large 401(k) plan. When he retired, he rolled his 401(k) into an IRA. Other than their home, the IRA is far and away [more...]

Date: 2007-05-03 09:39:49
Blog: Taxes:prepare and file ...

401k for One

401k for One August 27, 2007 by admin. Finally a 401(k) ... other retirement plans, a solo 401(k) is strictly for sole proprietors who have no employees (although ... when it comes to saving for retirement. Here’s why. FORTUNE Small Business Magazine By Penelope Wang [more...]

Date: 2007-08-27 12:44:36
Blog: Pro Office Services ...

How to Make a Sizable Charitable Donation From Your IRA - Tax Free

If you are over 70 1/2 years old, want to make a gift for a special charitable project, but your only liquid asset is your IRA, ... in the aerospace industry. He was more than well compensated and over the years accumulated a very large 401(k) plan. When he retired, he rolled his 401(k) into an IRA. Other than their home, the IRA is far [more...]

Date: 2007-07-03 14:22:42
Blog: Mortgages,Taxes,Stocks,...

Sell Your 401(k) Company Stock Right Now!

KMC is a reformed debtor who got religion when he married his wife of 11 years. He learned he had a hidden interest in all things personal finance ... of improvements for 401(k)s, but one of the most important is the ability to sell company matching stock. If you work for a public company, the match your employer provides in your 401(k) is almost [more...]

Date: 2007-05-01 17:03:35
Blog: Blueprint for Financial...

Redesigned 401(k) Statement Includes List of Fees

A few days ago, I received a redesigned quarterly statement for my 401(k) account ... all the other, more expensive large cap funds. Currently, my 401(k) is diversified almost equally ... currently mimics the allocation of my pre-tax contribution. I like having the diversification [more...]

Date: 2007-04-19 12:45:42
Blog: Money, Investing, and M...

Reader Question: Should I Have a Roth IRA?

While I like to answer readers’ questions to the best of my knowledge, please keep in mind that I am not a financial professional ... : Hello! I’m 23 years old and I have just started a 401(k) with my employer. Should I also ... for starting your 401(k)! When I first entered the workforce, I didn’t have that option. In fact, I didn’ [more...]

Date: 2007-06-15 12:19:35
Blog: Money, Investing, and M...

Suit against Principal alleges misleading mutual fund sales

An Iowa plaintiffs’ firm has filed suit in the S.D. Iowa against Principal Financial Group on behalf of participants in 401(k) ... rollover their retirement assets to a Principal IRA offering “J Shares” class mutual funds ... lawsuits—which have been mostly aimed at the 401(k) plans of very large companies—to smaller 401 [more...]

Date: 2007-08-30 15:12:45
Blog: ERISA Class Action Watc...

Retirement Payout Mistakes

When it comes to deciding how to take payouts from retirement accounts, ... stopped. More information on 72(t) distributions can be found at www.72t.net.Taking a check for rollover proceeds: If one decides to transfer a 401(k) to an IRA or another employer's 401(k), the check [more...]

Date: 2007-06-11 02:08:00
Blog: Disciplined Approach to...

Fund Companies Trying to Attract Younger Investors

A couple of brokerages and fund companies are courting younger workers just getting their feet wet with outside-of-401(k) investing ... to their employer 401(k) plan to get the full company matching contribution, which represents a guaranteed [more...]

Date: 2007-07-18 12:50:28
Blog: Money, Investing, and M...

Barclays' iShares Managing Director Dishes on ETFs

Michael Latham, the managing director and head of iShares, Americas, for exchange traded fund (ETF) ... , but that includes individual retirement account rollovers and 401(k)s. ... hopes to improve integrating ETFs into 401(k) plans, but he emphasizes the best way [more...]

Date: 2007-09-07 22:30:00
Blog: ETF Trends - Keeping a ...

New rules for hardship distributions and rollovers create hidden domestic partner

Link: Benefitnews.com by Frank Palmieri Excerpt: The Pension Protection Act of 2006 made sweeping changes to qualified retirement plans. ... retirement plans. A very subtle PPA provision modifies the rules governing 401(k) hardship distributions ... individual designated as a primary beneficiary in a 401(k) plan will be treated as a spouse or [more...]

Date: 2007-05-20 17:07:59
Blog: To Form a More Perfect ...

10 rules for building wealth (Part 6 of 10)

10 rules for building wealth (Part 6 of 10)                                                                By Jia Lynn Yang  Fortune reporter 6 ... are making 401(k) enrollment automatic (34 percent of big companies, vs. virtually none ten years ago). If you're already maxing out your 401(k), see whether your company can transfer money directly [more...]

Date: 2007-08-24 23:24:27
Blog: Ask About Realestate.n...

Second Quarter 401(k) Results Are In

According to the statement I received in the mail, my 401(k) investments returned a healthy 6.56% return (not annualized) over the second quarter ... my contribution instructions to be a little more conservative a few months ago as the stock market ... have been higher if I didn’t change my contribution instructions. --- Related Articles at Consumerism [more...]

Date: 2007-07-17 12:24:32
Blog: Money, Investing, and M...

Learn the Secrets to Maximizing Your 401(k) & IRA Rollover and Earn 10-14% UPFRONT

Here’s what you’ll discover inside… The Four Option choices for managing your 401(k) life savings! Which Option is “Hands-Down” the best choice! ... . You will then immediately receive my free report, ‘How to Maximize Your 401(k) & IRA Rollover after [more...]

Date: 2007-07-19 05:26:38
Blog: Bass Financial Solution...

401k Benefits Employees Take Two - The Best Customized 401(k) Plan

Reprint and Repost Policy by Joe Goldberg Offering Employees A Customized 401(k) Plan How can you identify the best possible program? ... . * Consider offering model portfolios. A fast-growing approach within retirement plan services ... has resulted in increased participation. * Consider seeking help from a qualified professional [more...]

Date: 2007-07-13 01:27:54
Blog: Business Advice Daily ...

2007 Profit Sharing

I've been eagerly awaiting my company's annual profit sharing. In the past, it has represented a $550 increase to my 401(k) each year ... of administration issues. Well, I woke up this morning and was shocked to see that my 401(k) balance jumped ... contribution was made! I had heard that the profit sharing contribution was going to be big this year [more...]

Date: 2007-09-15 15:29:31
Blog: 1MansMoney...

Dan Solin: Your 401(k) Plan: Is It A "Match" Made In Heaven or Hell?

I really don't have anything against 401(k) Plans. The corporate match is a nice benefit and the automatic deductions from payroll checks insures that employees will have some savings towards their retirement. What does concern me, however ... do not understand. The perpetrators of this mess are their employers and the bevy of pension consultants [more...]

Date: 2007-07-29 21:53:28
Blog: Breaking News and Opini...

Some Thoughts On The 60% Solution

A couple years ago, an extremely influential article entitled A Simpler Way To Save: The 60% Solution popped up on MSN Money ... , listed here in order of priority: Retirement savings: consisting entirely of my 401(k) contribution ... expenses (food, house, taxes, etc.), sock 10% away into a 401(k), sock an [more...]

Date: 2007-06-11 18:30:50
Blog: The Simple Dollar...

4 Amendments Equal a Restatement

How often should a plan document be restated? Not an easy question to answer because it can be more often than waiting for the mandatory ... , Automatic Rollover, and Final 401(k) Regulations. These 4 mandatory tack-on amendments would ... in the total number of amendments. For example, currently a 401(k) plan using a GUST document is required [more...]

Date: 2007-06-03 01:07:26
Blog: Pension Protection Act ...

IRA / 401 (k) Retirement Trap

By Dean Konstantine Falling victim to an IRA or 401K, there are some very important aspects to a 401(k) or IRA account some people fail to realize.    One you can not contribute more than the allowable maximum by law into these accounts during your working years.  You must also understand you are not allowed to deduct the whole amount [more...]

Date: 2007-09-08 16:49:30
Blog: Direct Marketing Suppor...

Getting My Investing Head On Straight

Alright, after my recent issues with trying to figure out the market I think I’ve come to some conclusions. #1 ... in index ETFs, except in my 401(k). There are no ETFs available in my 401(k) plan and only one index [more...]

Date: 2007-09-18 21:21:45
Blog: QuestForAMillion.net...

Don’t Pay Extra On Your Mortgage, Put That Money In Your 401(k)

Tax-Free Wealth By: David Owen Surprising findings from a new study can save you big bucks Here’s an arresting observation from a paper published ... your employer paid you. Better to   divert that dollar into your 401(k), because the full 100 cents goes ... payments, the study is helpful because it shows just how powerful   a tax shelter that lowly 401 [more...]

Date: 2007-09-20 01:30:39
Blog: SuccessfulLifestyle.co...

Reaching new (deferral) limits

Many business owners are looking to both enhance their retirement as well as reduce their current tax obligation by deferring as much income as they ... , but contributing 25% of payroll can quickly become a burden. Safe Harbor 401(k) - A Safe Harbor 401 ... as 100% of earnings up to $15,500 ($20,500 for ages 50+) Safe Harbor – the business must either [more...]

Date: 2007-09-14 13:26:01
Blog: Moment on Money...

How to Prioritize Your Retirement Accounts

I just received the following comment from NCN of NoCreditNeeded, and I thought it was worthy of a post of its own: ... in a 401(k), 403(b), Roth IRA, etc., how would you decide which to invest in FIRST, SECOND, THIRD… ... s no choice left to be made at this point… Many people have a 401(k) and that’s it. Assuming [more...]

Date: 2007-04-11 10:04:42
Blog: personal finance tips ...

You’ve Left Your Job, Should You Rollover Your Retirement Funds?

Do you collect 401(k)'s? The days of working for one employer for your entire career are almost unheard of anymore ... I often suggest to clients that their best option is to move the money into an IRA. Investment Control is one of the biggest reasons. In a 401(k), you are limited to the investment choices [more...]

Date: 2007-08-15 17:17:11
Blog: Moment on Money...

Opening Bell: 9.19.07

Opening Bell: 9.19.07 Click Here eggnest.jpg GM Seeks Shift to 401(k) Pensions for New Employees (Bloomberg) It's almost stunning to us that the auto industry is just now getting into these things called 401(k)s, as possible alternatives to traditional pensions. It would seem as though a lot of problems [more...]

Date: 2007-09-19 11:36:13
Blog: DealBreaker.com...

What Do an Underfunded 401(k) and a Dialysis Patient Have in Common?

Both of them would be better off if the default option were switched to opt-out as opposed to opt-in ... that some people don’t contribute to their 401(k) plans is because they usually have to “opt in” to the plan — i.e., actively choose to open a plan, select their contribution percentage, make allocation [more...]

Date: 2007-05-25 15:14:27
Blog: Freakonomics - Opinion...

Software Developer Burnout Case

I got an early start on saving when I saw that I could eliminate my federal income liability by investing in an IRA ... that now pays me more than my job with much less stress and effort. A Fidelity solo 401(k) allows me to put away nearly $50K a year. I recently opened a T. Rowe Price Roth 401(k) plan as a hedge against [more...]

Date: 2007-09-03 14:09:28
Blog: Early Retirement Forum ...

Super-simplified 401(k) Plan: Good Choice for Today’s Self-employed

Laurie Flynn is a Financial Advisor with Smith Barney and is a supporter of Queercents ... of individuals for their own retirement planning. If you are a business owner, with no employees other than co ... for your business. That’s right. As a small business owner, you can enjoy the same 401(k) retirement plan [more...]

Date: 2007-08-28 12:07:53
Blog: Queercents...

Around the PF Blogosphere: July 3, 2007

Interesting personal finance articles you might like: The Money Mythos posts an entry on the less obvious risks of Prosper.com ... new 401(k) plans and features. My wife’s employer also offer Roth 401(k) plan, but I don’t see any [more...]

Date: 2007-07-04 01:36:56
Blog: The Sun’s Financial Dia...

Early Retirement Planning: Taking Early Withdrawals Without Penalty From Your 401(k) or IRA

A reader recently wrote me asking if there was any drawbacks to maxing out their 401(k) ... have no debt, adequate insurance policies, and an emergency fund. Since his goal was to retire early ... nyways?) If you take money out of your retirement plans before then, you’d get hit with a fat 10% penalty [more...]

Date: 2007-07-02 06:19:44
Blog: My Money Blog - Persona...

Report by Spectrem Group Reveals an Increasing Number of IRA Rollovers

The IRA market keeps growing, in part, because more individuals are rolling over from accounts such as the 401(k) and 403(b) to IRAs ... you an rollover your 401(k) to a truly self-directed IRA, please contact a self-directed Retirement [more...]

Date: 2007-09-07 15:21:19
Blog: The IRA Expert...

Put Your 401-K on Autopilot

I got an email from a reader a few days ago. The message was in response to my article, What to Invest in Now ... access to a family of professionally managed retirement date targeted mutual funds. Did you get that? It's a mouthful. Here's what it means. He can now put some or all of his 401-k savings [more...]

Date: 2007-10-03 12:26:33
Blog: My Investment Blog | Bu...

Late breaking news

Late breaking news by webmaster, September 23rd, 2007 | No Comments Keep 401(k) invested as long as possible Draw on taxable retirement accounts before tapping the 401(k) for income, says Dr. Don. Overseas servicemen have special rights The Debt Adviser advises that deployed [more...]

Date: 2007-09-24 02:00:03
Blog: Finance Online Blog...

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