401K Maximum - Part 3

401K Maximum with the Best Asset Allocation

Buffer To get the 401k maximum balance you must have the right asset allocation. Asset allocation is the process of diversifying your positions across asset sectors and styles. A common mistake is for consumers to think of their 401K as a separate portfolio. Not so! When doing an asset allocation you need to consider all [...]

Build Wealth with the Right 401K Choices

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Buffer Build Wealth with the Right 401K Choices- Register for this live call where I interview Christine Benz, who is the personal finance expert at Morningstar about Building Wealth 30 Minutes at a time. Investment analysis doesn’t have to take all day. She is going to share some tips from her book (30-Minute Money Solutions: [...]

401K Today- making the most of what you have

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Buffer Make the most of what you have to make the most of your tomorrow. Your 401K contributions are your first investment dollars. Those dollars will grow more faster than any other investment because of the tax advantages that we discuss in detail here. Take advantage of the opportunity to contribute and put the maximum [...]

Roth IRA Rules

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Buffer Listen to this interview I had with Curtis Smith CFP®, a fee-only Financial Advisor with Interactive Capital Management to find out how a Roth IRA works and if it is right for you. RothIRA033010 What you will learn: What is a Roth IRA and how it differs from a traditional IRA The basic strategy [...]

Roth IRA Rules- Convert or Not?

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Buffer Many people were not allowed to convert their IRAs to a Roth IRA due to the income limitations. That has changed due to the Pension Protections Act of 2006. Now everyone is eligible to convert their 401ks to IRAs and then to a Roth IRA or from an IRA to a Roth IRA. But [...]

Whats the Max? 401K maximum contributions for 2010

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Buffer 2010 401K maximum contribution limits are $16,500 ($22,000 if age 50 and over) Surprised? Yes, you read right. They are the same as last year. Usually the contribution limits increase with the rate of inflation. The formula is based on the inflation rate in the third quarter vs. the previous year’s quarter which would [...]

401K Contribution Limits- What are they?

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Buffer 401K contribution limits for 2010 are $16,500 for employees. Employer contributions are limited to 6% of the employee’s pre-tax compensation under the 401k rules. If you are 50 and older, you can contribute an addition $5,500 for a total of $22,000. For example, if you earned $100,000, you could contribute a maximum of $16,500 [...]

401K Rules-get a distribution while working?

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Buffer Check your 401K plan summary plan description for 401K rules about taking a distribution while you are working.Your employer can tell you the 401k contribution limits, when you vest, and how much you can take out. Of course 401k rules only let you do this if you are past age 59.5 or the 401K [...]

Think You Can’t Afford to Contribute to Your 401K?- Think Again

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Buffer Many people worry about contributing to their 401K. Your employer can tell you when you vest and what your 401k contribution limits are. Many people think that can’t afford to contribute. They worry that they won’t be able to live on the lesser amount of income. What they don’t realize is that if they [...]

401K Maximum- How to Make the Maximum 401k Contribution Before Year End

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Buffer Okay, it’s countdown to the end of the year, and you haven’t fully funded your 401k with the maximum amount of contributions. What can you do? March down to your Benefits department or Human Resources and ask them if they will allow you to put in a lump sum contribution before year end to [...]

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