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Defined Benefit vs Defined Contribution Pension Plans
Defined benefit and defined contribution are the 2 main types of employer sponsored pension plans. Risks and advantages differ for each. Learn here how each works and what to expect from your plan.
96 commentsGetting Divorced? Spend That 401K Before The Lawyers and The Future Ex Do!
Still have a 401K account in this economy? Better think about how the divorce will affect the nest egg. I learned the hard way. Spend it when you can before the ex wife and the lawyers get their hands on it.
13 commentsCash Out 401k
Cash Out 401k Think twice before you do it. A cash out 401k can cost you a lot of money now, and a lot of money down the road. If you are leaving a job and have a 401k just hanging around, then you have 4 options:
91 comments401k Investments- Picking the Best Funds for Your Own Long Term Retirement Planning
Life used to be easier in the area of retirement plans. This does not mean it was better, just easier. There were fewer decisions to make. A person worked their entire life, retired and received their pension. The company controlled all aspects of...
11 commentsRetirement Savings Strategy for 20 Somethings: 401K, IRA, Roth IRA
There are very few things in personal finance that are more important than saving and investing for one's retirement. This has become increasingly obvious during the recent market crash and ongoing global economic recession. For a young 20 something...
3 commentsCan You Take Money Out of Your 401k?
If you are looking to take money out of your 401k you need to know a little something about the rules that apply for a loan, distribution, or rollover.
0 commentsRetirement Planning - 401(k) Guide
The earlier you start saving for retirement, the more carefree you will feel when your golden years actually arrive. This 401(k) guide will explain different types of 401(k) plans, and teach you how to manage your 401(k) account properly and save a handsome amount of retirement money by the time you tap into your nest egg.
15 commentsBasics of: Offshore Investing, Tax Havens and American Tax Law
Though the US government demonizes tax havens the fact is that American tax laws support and promote the creation of tax havens. There was an explosion of outrage about Mitt Romney’s $25 million investment in the offshore tax haven country of the...
0 comments401K or IRA? Which is Best for You?
401K and IRA One of the most important things you can do to secure your future is to plan now for your retirement. The younger you are when you start saving for your retirement years, the better off you’ll be. Even if you can contribute only a...
24 comments10 Ways to Save Money by Being Lazy
Saving money is all fine and dandy, but some money-saving tactics are such a hassle! Thankfully, there are many things that we can do to save money that require nearly no effort at all. Here are the top ten things you can do to save money -...
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