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Traditional IRA Contribution Limits
We already have a series of articles on Roth IRAs, so it made sense to write about Traditional IRAs, which prompted this article on IRA Contribution Limits.IRA Contribution Limits and Their EffectThe...
View ArticleWhat Is An IRA?
Most people have heard of IRAs, but very few know exactly what is an IRA and how it should fit into their savings plan. After this article you will be an expert on the IRA and I will leave you with...
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The SEP IRA
The first question you might have is what is a SEP IRA? It definitely isn’t the most common type of IRA, but can be very useful for certain people. SEP stands for Simplified Employee Pension, so...
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Borrowing From 401k – What You Need To Know
There are a ton of mixed opinions on whether or not you borrowing from 401k is a good idea or not. The common retirement account has several properties that you need to think about before you borrow...
View Article401k Withdrawal Rules and Considerations
There are many reasons you may be looking to make a 401k withdrawal; this page will help you to understand all the important surrounding factors and implications of making a withdrawal.First of all, if...
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Using a 401k Rollover for Personal Finance Success
With any change in your career you have the opportunity to make a change in your personal finances as well. Any time you leave a job (quit, get fired, laid off, etc.) and you had a 401k with that...
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What Is a 401k?
The 401k is everywhere, and you probably have heard about it. However, you may not know the whole story, so in this article I’ll outline the most important things to help you fully understand what is...
View ArticleTraditional IRA Rules
While IRAs can be simplified a significant amount, you still need to be aware of the main IRA rules and guidelines that you should follow. This is just a short post to clarify the major Traditional...
View ArticleThe Simple IRA – Not Necessarily Simple
The name is misleading, but simple is actually an abbreviation; it stands for Savings Incentive Match Plan for Employees, and is yet another variation of the IRA.The S.I.M.P.L.E. IRA works just like...
View ArticleHow to Open an IRA in Less Than 10 Minutes
The worst thing you can do for your personal financial future is waiting. Every year, every month, every day that you let pass by without saving and investing effectively is more time lost. One thing...
View ArticleTraditional IRA Distributions
There are a few things we need to look at concerning Traditional IRA distributions, but overall it’s pretty simple. There are 3 things this article is going to cover: Minimum distributions,...
View ArticleGold IRA
In the words of Yukon Cornelius “Silver and Gold, Silver and Gold”. If you have an IRA you might want to consider getting some protection against stock market volatility. To do this you can buy...
View ArticleHow To Deal With an Inherited IRA
The topic of inherited IRAs is a lot more complicated than the IRA contribution limits. There are an absolute ton of different scenarios that can arise and all of them will be slightly different. I’m...
View ArticleIRA Rollovers and Conversions
Another popular question people with Traditional IRAs have is should I convert it to a Roth IRA?There are a ton of things to consider for this, but this post will give you a quick overview of the...
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How I Bought A $220,000 Honda Civic…
Roughly 2 years I bought a used Honda Civic as I had wanted a car for a while and decided that hey, I could probably afford to buy one using my savings. This is an extremely common situation that...
View ArticleWarren Buffett On 401ks and IRAs
If there was only one man you could go to for investing advice it would be Warren Buffett. He is the financial genius who has outperformed everybody over a long period of time. I came across a piece...
View ArticleAre You Making These 4 Common 401k Mistakes?
I can easily empathize with those who find 401ks and IRAs a huge headache that they have to deal with on top of work and life responsibilities. The problem with this however is that while your...
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What Is A Roth 401k
This article will be all about the Roth 401k, which is a very interesting type of investing vehicle. Like any other 401k it is only offered to employees and can be offered alongside a traditional 401k...
View ArticleRoth 401k Limits
While the Roth 401k is very unique, it doesn’t change the fact that, like other investment vehicles, there are limits placed on how much you can contribute to your account.This article will examine the...
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How Does a 401k Work
In this article we are going to be looking at how a standard 401k (as opposed to a Roth 401k) works.I’m going to go through the basic things like 401k benefits and disadvantages to give you both...
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