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Retirement Plan – 401(k) basic
about 1060 days ago - | Posted in : 401k, Investment, Retirement
You may just graduate from school and start your first job. When HR staff hands over the offer and benefit package to you, you might just focus on the money compensation being offered. Other than tha...
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Roth 401(k) plan by employer
about 1060 days ago - | Posted in : 401k, Investment, Retirement
You just take one job and are employed by one new employer. When you read through the new hire package, you may see Roth 401(k) plan as one option for retirement plan at the benefit section. If you a...
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Roth IRA Early Distributions/withdrawal
about 1060 days ago - | Posted in : Investment, Retirement
Need money to cover some of your current expense? Thinking to tape into your Roth IRA account? If you’re still younger than 59 ½, the distribution will be classified as early distribution and you ...
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Roth IRA withdrawal/distribution Rules
about 1060 days ago - | Posted in : Investment, Retirement
As we discussed before, the money withdrawn from Roth IRA account is tax-free. So you may ask whether you could take money out from your Roth IRA account to pay your bill, debt, living cost, or even ...
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Safely Use Your Credit Car Online
about 1060 days ago - | Posted in : Credit Card
The credit card theft and fraud are happening everywhere every day. Now people are shopping online more and more. Online shopping is very convenient and you don’t have to leave your home, drive to ...
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Take care your Traditional IRA(2)
about 1060 days ago - | Posted in : 401k, Investment, Retirement
Other than what we discussed in (1), there are still a couple of more acts as below which could incur additional taxes and penalties and offset the tax advantages of Traditional IRAs.
The 1st, if ...
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Take care your Traditional IRA, avoid mistakes which incur your financial loss (1)
about 1060 days ago - | Posted in : 401k, Investment, Retirement
People open Traditional IRA, make contribution and try to make retirement life financially safer, better. But if you don’t follow the rule and take good care your Traditional IRA, you may loss mone...
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Take distributions from 401(k) account
about 1060 days ago - | Posted in : 401k, Investment, Retirement
The purpose of setting up 401(k) plan is for the retirement. You may also take funds out from 401(k) account under some situations, but it may incur some tax consequences.
Generally, you can take ...
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The Elective Deferrals to your 401(k) plans are limited
about 1060 days ago - | Posted in : 401k, Investment, Retirement
Participate in 401(k) plans provided by your employer, ready to contribute funds preparing for your future retirement life. Then the question coming to your mind is how much you can contribute, or in...
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Traditional 401(k) plan or Roth 401(k) plan
about 1060 days ago - | Posted in : 401k, Investment, Retirement
Now your employer offers the employees both Traditional 401(k) plan and Roth 401(k) plan to set up the funds for retirement. Before you make decision which plan(s) you will go far, you might sit down...
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Which one should I choose: Traditional 401(k) or Roth 401(k)?
about 1060 days ago - | Posted in : 401k, Investment, Retirement
We have briefly compared Traditional 401(k) with Roth 401(k) in another article. Which 401(k) plan should you choose? Or how should you divide the contributions among these 2 plans?
The contributi...
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You need be careful in a few areas if you use credit card
about 1060 days ago - | Posted in : Credit Card
You might have a few credit cards, and still receive invitation to get new credit cards. Or you may receive letters from the credit companies from which you hold credit cards. In order to stay away t...