A reader recently wrote the following comment on my post 4 Reasons You Should Not Use Your 401k to Pay Off Your Credit Card so I have pasted both the comment and my answer, hoping that you readers will help scrutinize my logic and point out any flaws you may notice. Obviously, I made some […]
Readers sometimes ask for my advice, as in today’s post. Although the advice I give might be worth what they paid for it, I strive to do my best. Following is a copy of an actual email (without names), along with my response. I would love to hear your thoughts on whether this family should […]
Did you know you could actually borrow from your 401(k) or 403(b) and pay it back without penalty?
According to the Social Investment Forum, socially responsible investing (SRI) makes up over 12% of all U.S. invested funds. SRI mutual funds screen out investments in companies that are harmful to individuals, the community or the environment. With over 250 SRI mutual funds available, it’s easy to see how popular of a choice it is […]
2010 is the big year for Roth Conversions. The $100,000 adjusted gross income threshold is gone forever, allowing anyone at any income level to convert their traditional IRAs to Roths. Also, for this year and this year only, Congress has made the conversion not so painful; you are allowed to report half of the […]