No Brainer Finances

Hello All, We dinks tend to get a fair amount of email ... , so there isn't any tax advantage in carrying it. 2) Max your your 401k: Right, if you have a tax advantaged pension plan like a 401k or 403b plan you should definitely max it out. There are several [more...]

Date: 2007-10-03 18:07:13
Blog: Dual Income No Kids...

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Predicting the Future: Where Will Tax Brackets Go In Thirty Years?

I try very hard to avoid political discussions on The Simple Dollar because it often winds up in partisan bickering, ... out the 15.5K 401K limit. If you can’t hit this limit, that means taking a tax hit on the contributions means you can put less in a Roth 401K. If your tax is 25%, the choice is between 10% in a 401K or 7.5 [more...]

Date: 2007-06-21 16:00:19
Blog: The Simple Dollar...

the ira maze

Last week for Money Mondays we looked at the powerful returns resulting from compound interest ... investment vehicles that offer certain tax advantages for those saving for retirement. 401k Most employers offer a retirement plan known as a 401k. A 401k is an IRA where you can make tax-deductible [more...]

Date: 2007-08-21 01:16:47
Blog: Pushing The Limit...

Are Life Insurance Policy Loans Taxable?

Author by Barry Waxler Life Insurance Policies are another way to accumulate tax deferred wealth and it is possible to borrow against the cash ... value. Although the premiums paid on Life Insurance Policies are not allowable as a tax deduction ... forms of tax shelters such as IRA or 401k retirement accounts. Also, the death benefit that would [more...]

Date: 2007-07-03 10:37:25
Blog: Fresh Articles ...

Corporate Employees Take Advantage of a New Unknown Investment Regulation

Are you an employee of a large corporation? Are you aware of a potentially hidden opportunity to rollover some of your 401k while still employed with ... portfolio. From your 401k, you are now allowed to make a tax free exchange into a self directed IRA ... of your 401k. Once the in service distribution rollover is completed, you still retain the ability [more...]

Date: 2007-05-26 19:10:15
Blog: Bass Financial Solution...

401(k)’s IRA’s & Urban Myths

In a recent post, Retirement — A New Class Being Created, I predicted a new class of retiree living a life tied to their free and clear home, ... - what tax bite do you speak of? Early withdrawal? I was under the impression that so long as a 401k ... for what it was — pure urban myth. Chuchundra said: If you have a standard, pre-tax 401K or IRA, you pay [more...]

Date: 2007-05-29 15:05:10
Blog: BloodhoundBlog: Real e...

Questions and Answers about Roth IRAs

Over the past month, I’ve covered the basics of Roth IRAs. I’ve explained what they are, how (and where) to open one, and which investments are best ... have money to invest, then max out your 401k. Once you’ve contributed all you can to these investments ... dollars) or investing in a 401k (with pre-tax dollars)? Does it make a difference if there’ [more...]

Date: 2007-07-12 12:00:30
Blog: Get Rich Slowly...

Benefits

Benefits Tuesday, September 25th, 2007 at 3:47 pm So, I’m sure everyone has heard that benefits are key to determining the value of the job ... benefits each pay period: 1. Term Life Contribution - 0.90 2. Matching 401k Contribution - 103.58 ... % tax bracket, so these numbers will be off of that: 1. Medical Plan Tax Savings - 8.38 2. Dental [more...]

Date: 2007-09-25 19:47:12
Blog: The Blog with No Title ...

Here, I am citing my unrivaled over experiences

Here, I am citing my unrivaled over experiences. that does not come as a surprise to anyone with lots knowledge of human judgment (and misjudgment) ... of pennies earned for each dollar invested in the pursuit. paying taxes 401k penny stocks quotes variable annuity life insurance company banks that do currency exchange car loan repayment calcul [more...]

Date: 2007-07-31 19:02:54
Blog: Finance Info...

Individual Retirement Plans Article

Permalink • Print • Email • Comment September 5, 2007 Individual Retirement Plans Article Here are a few things to consider: ... from your 401k or other tax deferred savings if you do so too early.The cost of livingWhen ... , you will still need to pay taxes, insurance, and utilities as well as food. The cost of these services [more...]

Date: 2007-09-24 20:33:38
Blog: Information about Paige...

Hey! I found a way to use my 401K money tax free!

My apologies for not being the dedicated blogger everyone hoped I would be. I had some stuff going ... . Rollover whole or part of the 401K into a Traditional IRA. The government lets you withdrawal ... some of your hard-earned 401K money to do something useful like buy a house without paying an ugly tax penalty [more...]

Date: 2007-06-23 13:00:00
Blog: The Weary Consumer...

What Value hath a Man?

Feeling a bit low. Made the Mistake last night of actually looking at my pay-stub - just under 50% of it gone to deductions. (Taxes, 401k, insurance, etc.) The main reason I work is that I carry all the insurance ... -tangible “pay” of benefits, and knowing that it’s important to have them, doesn’t help the alpha-male “provider” [more...]

Date: 2007-06-23 09:36:25
Blog: Tattooed Dad ...

Changes to 401k Contributions and Canadian Tax Returns

Favourite reader “Telly” left a comment on her “Living and Working in Different Countries” post regarding a recent change to the taxation laws which ... into force on Jan. 1, 2008. Basically, employee contributions to a US pension plan (401k ... : (1) A resident of Canada is employed in the U.S., and contributes to an employer-sponsored pension plan [more...]

Date: 2007-09-28 09:00:09
Blog: Quest For Four Pillars ...

Empty Nesters and Tax Deductions

As parents, we work hard all our lives to help our children be smart and wise and independent ... up for wealthy individuals to have a place to dump large sums of money tax deferred. Since then IRA and 401K ... us. Now that the children have grown and gone so has many tax deductions such as Personal Exemptions, Child Tax [more...]

Date: 2007-08-10 21:12:05
Blog: Anythings in Business ...

Nerd Quotes

1f u c4n r34d th1s u r34lly n33d t0 g37 l41d I'm not anti-social; I'm just not user friendly I would love to change the world, ... for that round. Assuming he puts the federal maximum of 15% of his income into a tax deferred account (401k), his contributions will hit the federal cap of $9500 at 8:30 a.m. on January 1st. If you were [more...]

Date: 2007-07-29 04:05:58
Blog: Woosk.com...

ROTH 401K - What is it Good For?

If you have read the previous two posts in this series, you already know why we dumped ING as our old 401K provider, ... like to write about one of these features in more detail: our ROTH 401K option. Much like ROTH IRAs, a ROTH 401K allows employees to contribute after-tax dollars, however, the money is tax free [more...]

Date: 2007-07-04 14:00:37
Blog: Money and Such...

Offshore IT Outsourcing Practice, Russia

A key question for anyone considering outsourcing for the first time is what my ROI for this decision is ... Russia's abundance of highly qualified IT manpower available at very competitive labor cost. However ... benefits package including health insurance, 401k, social security taxes. Compare this with our prices [more...]

Date: 2007-09-21 10:44:43
Blog: WWW Box | MultiMedia R...

Invest As a Business

Desty Online is dedicated to business, online and offline.  Why, you ask, do I keep bringing up investing and the stock market? ... income is taxed first after it’s earned.  Only 401k, flex spending plans, medical insurance, etc ... options when it comes to profits: Reinvest into the business.  Unless the business it at its apex, there’ [more...]

Date: 2007-08-13 01:58:58
Blog: Desty Online: Online Bu...

Inbox Inadequacies

posted by Josh Goodman Governors offices and I don't see eye to eye. Many (though not all) ... voice my opposition to the state bear hunt or demand that my 401K contributions be taxed, but didn't ... .) A few states have ramble-proofed their Web forms with strict limits on the number of characters of text [more...]

Date: 2007-04-23 15:26:59
Blog: Governing.com: 13th Flo...

Breathing down our neck

I've been reading this forum for more than a year and learned so much from so many--thanks! ... ) now have just over $1.2mil in 401k, all before tax: 25% in bonds/moneymarket, 75% in several stock ... for each of us. Mortgage would be $225K. Health ins. would be continued through DH's employer (we pay [more...]

Date: 2007-09-18 04:27:07
Blog: Early Retirement Forum ...

401K and Real Estate Investing: How One Can Help the Other

When people think about their 401K, they consider a lump sum of money that has been put away for retirement. In fact, most people completely forget about their 401K until income tax time. Creative real ... estate you purchase through this means is not eligible for the mortgage-interest tax deduction [more...]

Date: 2007-06-27 19:00:45
Blog: Real Estate news and i...

401k Tax Deduction

401 K plan is a retirement plan that is on offer in US and some other countries ... . It is also referred to as employer sponsored retirement plan. A 401 K plan offers several tax ... cases where the employer can impose certain restrictions). In cases of people with less than 1 year [more...]

Date: 2007-09-12 20:53:24
Blog: Anythings in Business ...

Moved to a New Accounting System

For the past 6 months, I had been using Money Manager Ex to keep track of my finances ... a paycheck, I would only input my Net Income, or after tax and deduction money. For example, if I had a $1,000 gross paycheck, I might only enter $600 income, thus losing my tax, health insurance, and 401k [more...]

Date: 2007-06-26 04:47:00
Blog: Budget Freak...

Choosing Between Limited 401(k) Investment Options

Many of us are faced with the dilemma of putting money into a 401k due to the tax-advantages, but only being presented with limited investment options. Personally, up until now to have 401k’s all run by the giant Fidelity, but this time around we were faced with smaller company. I’ve never [more...]

Date: 2007-10-02 11:12:37
Blog: My Money Blog - Persona...

WorldatWork Survey: Pay Raises Projected to Plateau

News Release Contact: Marcia Rhodes, APR Media Relations WorldatWork Phone: 480/348-7285 E-mail: e-mail protected from spam bots WorldatWork Survey: ... Pittsburgh Portland San Diego San Francisco San Jos ... , i.e. medical/dental insurance, payroll taxes, 401K match, etc. After seeing salary budget [more...]

Date: 2007-07-17 23:54:02
Blog: Breaking Human Resource...

Employer 401K Roth retirement savings plan

First introduced as a concept back in 2001 in the Economic Growth and Tax Relief Reconciliation Act, the 401k Roth retirement plan option only became finally available in 2006 for employers to offer ... retirement savings option is funded with post-tax dollars. This provides advantages in early withdrawals [more...]

Date: 2007-09-19 19:12:28
Blog: Business and Drop Shipp...

A Reader Asks # 4

From the mailbag… Art, I have been contributing to my 401k (with 5% matching) traditionally (before tax) ... to the Roth IRA up to your maximum limit Everything else As a young professional, let's assume ... more to your 401(k) (2007's legal limit is $15,500 for ages 49 and under or $20,500 for ages 50 and over [more...]

Date: 2007-08-08 13:21:15
Blog: Moment on Money...

Stephen Colbert in the Zeitgeist - “He’s Back!” edition.

It’s a whole new world now that ‘The Break’ is over… do you think the producers know what kind of withdrawls we go through? ... Stephen’s 401K idea, check yourself into the looney bin. Tax avoidance should never be the deciding ... Here’s the zeitgeist for April 10, 2007. 401K a Write Off? Well, thanks for bringing us back [more...]

Date: 2007-04-10 21:10:03
Blog: No Fact Zone.Net » Step...

The Five Ingredients of a Solid Mutual Fund

Investing in mutual funds has always been a bit easier than investing in single stocks ... better than others. Here are five key things to look at when picking a mutual fund to invest ... a tax-advantageous investment such as a 401k plan or a Roth IRA, you’ll definitely want to minimize [more...]

Date: 2007-07-04 20:13:54
Blog: FinanceIsPersonal.com -...

August Net Worth Update (up 1.87% to $988,082)

It's been a few months since I've done a real monthly update here on the blog, so I thought I'd take the time to provide an update ... awards in the amount of about $15,600 after taxes, b) 401k and c) ESPP contributions. Three other [more...]

Date: 2007-09-01 15:34:28
Blog: Retiring Early...

How Many Hours of Net Pay Are Going Towards This Stuff?

Money, Matter and More Musings came up with a great idea to curb spending: think about the number of hours you will need to work for stuff ... and inspired, I took a look at my most recent paycheck and did a simple calculation: Total Net Pay ... . After pre-tax deductions from my gross income (10% 401K contribution, health spending account [more...]

Date: 2007-05-09 21:18:30
Blog: Queercents...

HYIP : Stocks Double All The Time

Did you know that $1000 Invested one time, if it returns 100% a year would be worth over $1,000,000 in 10 years? ... your money every year. Of course that scenario doesn't include taxes etc.. However if you had a 401K ... " (I have NO IDEA WHAT THEY DO OR ANY INFO ON THEM THIS IS JUST AN EXAMPLE) This company (Hansen [more...]

Date: 2007-08-13 04:44:38
Blog: OneShare HYIP - ALL FRE...

Financial Advisor Advice

I received a letter from a reader about personal investing: “Dear Chris, My husband got me a fake Gucci bag for Mother’s Day, ... years old. If your firm has a match on 401k, make sure you collect it. Two great advantages of the 401K is that it starts out before taxes so your pay doesn’t go down fo [more...]

Date: 2007-05-18 22:51:26
Blog: Chris Pirillo...

Interview with a New Retiree

One of my co-workers is set to retire at the end of this week. After 30+ years working at the agency, he secretly gave his two week notice ... stands for tax sheltered annuity, like a 401k or 403b. Most companies (with the exception of my own [more...]

Date: 2007-08-01 23:02:01
Blog: JeffreyKGibbs.com...

Advice in small doses

Last night my bf and I were talking about the money he's about to come into. Obviously he has alot of opportunities with this money ... that there are alot of unknowns--taxes, penalties, and so forth. For example, do 401K's pass onto ... that work? What about investments in funds and stocks? Their lawyer is going to be very busy. So, once [more...]

Date: 2007-07-03 05:47:55
Blog: Sense To Dollars...

finance forums

Most people are a little clueless about their finances. It’s ok - I don’t even balance my checkbook, so I’m the last person to point fingers. So what do you do when you need financial advice? Most of us don’t want to pony up the cash ... of a 401K, or filing a schedule C for your taxes. The Finance Forums are just what you need [more...]

Date: 2007-07-21 02:05:28
Blog: GeekySpeaky.com - gami...

Nancy Pelosi’s own words

Nancy Pelosi’s own words July 13th, 2007 by coloradoguy I hope she’ll be the first to redistribute her wealth including her expensive suits ... to believe this. Madam speaker Nancy Pelosi wants to put a Windfall tax all stock market profits (including Retirement fund, 401K’s and Mutual Funds! Alas it is true. All to help the 12 Million [more...]

Date: 2007-07-13 20:17:36
Blog: My Opine...

Learning More About My 403(b) Plan

I work for a tax-exempt organization so, instead of having a 401k, I have a 403(b) ... of investments held by an institution or a private individual.” So, when I invest in a select fund ... ): 403bbb.png – Category 2: Blended Funds: These funds invest in the various Select Funds [more...]

Date: 2007-08-22 12:29:01
Blog: No Credit Needed — Livi...

Need some guidance

Hi, I have been reading these forums from 1 week and now i am really tensed about our retirement and other financial aspects. DW and myself have saved about 150k in taxable and around 70k in various tax defered accounts. I am self employed and hence 401k is less and taxable income is more. I am 28 yrs and DW is 25 [more...]

Date: 2007-09-21 20:45:28
Blog: Early Retirement Forum ...

Boy, are we in trouble . . .

Boy, are we in trouble . . . July 26th, 2007 Madam speaker Nancy Pelosi wants to put a Windfall tax on all stock market profits (including Retirement fund, 401K’s and Mutual Funds! ) alas it is true. all to help the 12 Million ... our economy is still strong and government tax revenues are at all time highs. What this really [more...]

Date: 2007-07-26 13:33:16
Blog: AMERICA-Where Are You? ...

Monthly Spending Report — August

So time to switch gears and go back to writing about finance. I have put together my August cash flow ... into my 401K, I still had $116 left over. My income tax refunds, at about $800, helped with this. Vacation expenses were high (the weekend in Montreal). Also high were Misc. Cash Expenses. I had said [more...]

Date: 2007-09-22 23:14:02
Blog: Midlife Beginnings...

Bruce's Tax System [Eric]

I do think it would be worthwhile to shift to a pure consumption-based tax system. I would do it by exempting all saving from taxation ... , 401k's, etc.--into one savings vehicle. All contributions would be tax-deductible, all withdrawals ... cash out of the savings accounts and put their money into other investments. And that could [more...]

Date: 2007-08-06 03:30:49
Blog: The Daily Dish...

Top Ways To Avoid Income Tax - Part 1

July 31st, 2007 by John Chow It is the right, and IMO, ... it. If you have ever contributed to an IRA, 401K or RRSP, you are in fact avoiding income tax. There are many ways ... duty of every citizen to structure their financial affairs to pay as little tax as possible [more...]

Date: 2007-08-04 03:10:02
Blog: MyClip dot VN | Make mo...

Top Ways To Avoid Income Tax - Part 1

July 31st, 2007 by John Chow It is the right, and IMO, ... it. If you have ever contributed to an IRA, 401K or RRSP, you are in fact avoiding income tax. There are many ways ... duty of every citizen to structure their financial affairs to pay as little tax as possible [more...]

Date: 2007-08-04 03:10:02
Blog: MyClip dot VN | Make mo...

Tipping toward TIPS

Right now might be a great time to buy TIPS, especially in a tax advantaged accounts such as Roth IRA or 401k.   For those who aren’t familiar with TIPS.  TIPS are Treasury Inflation Protected [more...]

Date: 2007-09-27 15:58:32
Blog: AskDong...

Is Your Nest Egg a Tax Trap?

Every year Americans contribute to IRAs, 401k plans, and other retirement plans, building resources that help them secure a comfortable retirement.  And, thanks to careful, diligent saving, many [more...]

Date: 2007-05-25 23:02:21
Blog: Partner News - Village ...

The Dull Compulsion of the Economic (#8)

A series of blog entries by D&S collective member Larry Peterson ... at their discretion, while receiving tax benefits. So it's essentially like a 401K for healthcare. And GM will kiss [more...]

Date: 2007-09-30 16:30:41
Blog: Dollars & Sense bl...

What to Do If You Retire Before Your Mortgage

September 19 — The Federal Reserve reports that almost 19% of families headed by someone 75 or older have a mortgage - up sharply from 10% in 2001 ... because your loan rate is higher than your savings rate, and most interest you earn is taxable anyway. Clements cautioned about using 401k savings for this purpose, since you will have a tax penalty [more...]

Date: 2007-09-19 17:57:10
Blog: Retirement community n...

SEP-IRA Contribution

Karen writes: I know this is an easy stupid question and I need an answer really fast. I'm trying to do my 2006 taxes. I'm filing joint. I have maxed out my 401K and will not be making any additional IRA contributions. I'm not yet 50. I had a business for a part of the year this year. My income from my job for part of the year [more...]

Date: 2007-10-02 10:56:23
Blog: Gina's Tax Articles...

The Four Mandatory Buckets of Personal Finance

I have already written about the financial necessity of saving a portion of any income payment that you receive ... , this savings is your after-tax income that you can spend – don’t count your 401K or medical savings [more...]

Date: 2007-09-10 04:13:43
Blog: The Poetry Of Marketing...

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