Only spouses have been able to avoid a large tax bill when they inherit a 401K. The new tax law now allows non-spouses (children and other family members) opportunities to avoid taxes on inherited 401K money.
Typically the spouse is allowed to take the lump sum distribution from a 401K and roll it over to their [...]
Mail this post
Saving For Retirement In The New Economy
Let’s face it. Most of the financial advice out there says something like this, “If you make on average $60,000 per yearŔ Most of the advice is designed for baby boomers about to retire. The young generation 35 years-old and under are not going to relate when their incomes [...]
Mail this post
Are you tired and afraid of losing more money in the stock market? Had enough of the financial “gurus” telling you to hang in there and “ride it out” as your retirement funds continue to dwindle and the bankers have just issued themselves another 5 million dollar bonus? If you are like me - you [...]
Mail this post
Payday Loan Companies
by: Jakob Jelling
At one point or another everyone of has encountered this situation, not having enough money to make it to our next payday. A common solution to this problem that seems to becoming more popular is a payday loan. While a payday loan may be fast and convenient, it may not be [...]
Mail this post
Ok so you might find the next few links interesting. These are from around the web, just random snippets that I’ve picked up in my reading, but I found some very cool information in them. You might too. Here goes…
Transamerica Launches 401(k) Business Building Workshop for …
This CD audio workshop, titled, "401(k) Business Building Workshop [...]
Mail this post
Locating a Down payment
by: Jennifer Hershey
If you are a saver, and many of you are, than the need to locate a down payment will not be an issue for you.
But there are also many of us out there that have not had the luxury to save as much as we would have liked for various [...]
Mail this post
Maximum contribution to 401K?
16,500 in 2009 for people under age 50
22,000 in 2009 for people 50 and older
Mail this post
Technorati Tags: 401k
Mail this post
How about these right… I think you’ll find the following nuggets of wisdom particularly insightful. Leave your comments below. Check out the second one in particular…
3 Ways to Get Your 401(k) Back on Track
Here are the 3 difficult, but not impossible ways to get your 401(k) back on track. Rebounding returns. The easiest fix would, [...]
Mail this post
What are the tax implications of transferring money from 401K into Self Directed IRA?
I am looking to perform a rollover or transfer from my 401k into a self-directed IRA. I was wondering what, if any, tax implications I would be facing. Additionally, once that money hits the IRA I am looking to use those funds [...]
Mail this post
Is it a smart move to close my 401K and with that money pay for my new house in cash?
I am 34 and I believe I have at least 30 more years to get a new 401 K going on and establish again good numbers in it :-). Also, I do have Roth IRA and [...]
Mail this post