You may think you have 401(k) retirement plan losses, but do you really? Take a look over my shoulder and I will walk you through a specific 401K plan balance that shows losses but actually had gains. You will learn how to look for the dogs and replace them. You will also gain insight into [...]
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Most of us are not prepared for any type of retirement, and I define retirement loosely like part-time worker, career changer, transition to self-employed, etc. Currently only 14% of employees are on track to replace at least 80% of their income in retirement, and at least 50% of employees across all age and income levels [...]
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You may think that you can make more money by investing outside of your 401K, but that is misleading. If you are eligible to contribute to your 401K plan then your first investment dollars should be an option within that plan. Don’t be tempted by short term gains elsewhere until you have contributed up to [...]
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There is no hard rule about who is best served by converting to a Roth IRA since everyone’s individual’s financial, income tax and wealth situations are different. But here are 10 reasons why you would consider a conversion: 1. Taxpayers have special favorable tax attributes including a high basis ration, charitable deduction carry-forwards, investment tax credits, [...]
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Get The Wall Street Journal for 75% off! There have been a seemingly endless number of articles and cable news segments about what you should do financially in 2011. Well its now 2011 and here are a few things I suggest on the retirement plan front. 401(k) Participants · Take a look at your account. [...]
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