401(k) plans

When it comes to 401k contribution limits, or the combined total contribution you can make per year to all of your 401(k) plans including traditional 401(k) plan and Roth 401(k) plan, there are two rules that govern the maximum contribution amount. First is the percentage of your pay that your employer allows you to contribute. [...]

In your 20’s and don’t think that you need to worry about your security later on down the line? There’s no need to worry about making yourself secure for once you reach your 30’s and 40’s, right? That’s probably the mentality of most people who are twenty-something. Most are in college or are just having [...]

I never thought I would find myself in this seat. What seat, you ask? The seat where I am sitting across the table from a recent graduate giving them advice on “What now?” I have written a list of 10 things to do when you graduate but that mainly goes over short-term things that you [...]

Converting to a Roth IRA is not new, so what with all the buzz about about this Roth IRA Conversion event in 2010? What makes it such a big deal is that up until then, most people couldn’t convert to a Roth IRA because their income was too high. For example, in 2009 if an [...]

Dave Ramsey’s Baby Steps is a financial plan designed to help you get your finances in order, get out of debt, and achieve financial freedom. Dave Ramsey has taught these Baby Steps to millions via radio, The Total Money Makeover, Financial Peace University, and on DaveRamsey.com. In this article, I’d like to walk you through [...]

In this  Ask the M-Network article, PJ shared information about his home and his desire to buy a house that just came on the market. Should he refinance is current home, or sell it to buy the new one? Should he buy the new home and rent out the old one? Here’s the question from [...]

In my TurboTax Online Review, I mentioned that I owe some federal income tax and is thinking about opening a SEP IRA, or a Simplified Employee Pension Plan. Aside from reducing my tax liabilities, I want to maintain my safe harbor from having to pay quarterly income taxes in 2009.
Since I am already doing my [...]

In this Ask The Expert With Larry Swedroe article, Erin from Working for Financial Freedom wants to learn more about contribution limit for Roth 401k.  She also wants to know if and how she should split her investment between traditional 401k and Roth 401(k).  Here’s the question from Erin:
Is there a limit to how much [...]

Before January 2009 is over, I just want to go over some of the contribution limits for retirement plans.  In particular, the ones that most people interested in are 401k and individual retirement account (IRA).  This year, there’s no change to IRA contribution limit, but 401(k) contribution limit increased from $15,500 to $16,500.
IRA Contribution Limits [...]

Looks like another another miscue in the Carnival Land.  Sorry the carnival didn’t go out as planned this morning at the host site, so here’s an emergency edition of the Money Hacks Carnival #39.  Before I begin, just want to say thank you to everyone for your participation.

Photo by Meagen via Flickr
Credit and Debt

Five Ways [...]