One of the realities of tax-deferred retirement accounts is the required minimum distribution (RMD). The RMD is the amount that you have to withdraw from your tax-deferred traditional IRA, 401k or … [Read more...] about What Are Required Minimum Distributions?
Archives for May 2011
Memorial day has always been one of those strange days for me. One where I'm filled with gratitude for the sacrifice that our fighting men and women have made, but at the same time the day is tinged … [Read more...] about Thank You To Those Who Have Given Their Lives On This Memorial Day
One of the most important steps you can take when embarking on your working life is to plan ahead, and start saving for your retirement. Through the wonders of compound interest, small amounts saved … [Read more...] about Vanguard Becomes More Attractive To Newer Investors As They Cut Fund Minimums To $1000 For Many Popular Funds
Many of us look forward to retirement, excited to live the life we have imagined, and ready to put down some of the burdens of work. (For some, a working retirement is actually preferred.) However, … [Read more...] about 3 Things You Need To Do Before You Retire
With the passage of the Fair Credit Reporting Act legislation it became a lot easier and friendlier on the wallet for average people to get a better handle on their credit situation. The law … [Read more...] about How To Stay On Top Of Your Credit Situation By Getting Free Credit Scores And Reports
One of the most insidious threats to your ability to build wealth in the long run is inflation. Inflation is a reduction in your buying power that can make retirement a bit difficult. Keeping your … [Read more...] about TIPS: Inflation Protection For Your Portfolio
I've written reviews of quite a few banks on this site, which you can find either through the sidebar on this page, or through the savings account page. While none of the banks really have what you … [Read more...] about Ally Bank Investigates Possibility Of Buying ING Direct from ING Group
In the world of employees with stable jobs and benefits, there is a lot that can be taken for granted. The self-employed, home business owners, contractors and freelances, though, can't take many of … [Read more...] about Financial Perks Contractors Can’t Take for Granted
A couple of days ago we all heard the news that Osama Bin Laden had been found living in a mansion in a village called Abbottabad, merely 30-40 miles from the capital city of Islamabad, Pakistan. Our … [Read more...] about Now That Bin Laden Is Dead, Will Anyone Get The $27 Million Dollars In Reward Money?
For many self-employed contractors working in the wake of the housing bubble, the idea of having medical insurance for themselves is seen as a splurge and an unaffordable luxury. This is especially … [Read more...] about The Importance Of Having Health Insurance As A Contractor Or Freelancer
At some point, you might end up in a situation where you feel like you need to withdraw money from your retirement account. You might have come up against some unexpected hardship, and need the money, … [Read more...] about Withdrawing From Your Retirement Account: Loans And Hardship