1. Contribute to your employer's 401(k)The easiest way to reduce the amount of your taxable income is to contribute the maximum to your 401(k) or there tax deferred savings plan. This process is simp...
There are many factors that go into obtaining the financing you need to buy a home. Coming up with the cash for your down payment is one that most people don't realize.Coming Up With Cash for Your Dow...
The recent Pension Protection Act offers good news for the non-spouse beneficiary of a 401(k). It is now possible to arrange a trustee-to-trustee transfer of an inherited 401(k) to an inherited IRA. T...
A 401(k) plan is an employer sponsored plan. The employer makes direct contributions to the account that are deducted from the employee's paycheck. Most companies will match the paycheck contribution ...
Today is the best day to start planning and saving for the rest of your life. The 401(k) is a wonderful savings plan if offered by your employer because the money goes directly into your retirement...
It becomes more apparent each day that inflation has crept back into our lives even though government statistics may not support this viewpoint.Rather, it's the real world cost of food, drugs, fuel, u...
Once upon a time there was a man named Joe who decided he wanted to be a fisherman. He went out looking for work and found a job on a fishing boat. Joe was very dedicated and hardworking. He plann...
Welcome to the second article of my series. This article is about paying yourself first. You could probably find hundreds of articles on the internet about this very topic. It is a common theory use...
For much of the world, retirement can seem like a long ways away. Most of us have a feeling that things will just work themselves out. The reality is, you have to take care of yourself and your f...
Tax DeferralTax deferral is the method whereby most Americans plan their savings and retirement funds. It is the ingenious method whereby IRAs (initial retirement accounts) are created. An incentive i...