double taxation

Now that we know Obama is the next president, we can evaluate his proposal regarding 401k plan more closely.  If you recall from my last article, I didn’t like his proposal that would allow people to early withdraw from their retirement funds — i.e., 401k and IRA — without penalty (McCain’s plan was even worse). [...]

Last night I came across a site that talks about the power of referral; specifically word of mouth. For example, you like Moolanomy so you recommend it to three of your friends, then they turn around and do the same to three other friends. Awareness about this blog could spread to over a million people [...]

A friend at work is thinking about borrowing from his 401k plan to fund his business start-up. He mentioned it to me and I told him that it’s a terrible idea to borrow from 401k. It may sound appealing at first — i.e., fast loan application, easy to qualify, and you pay the interest to [...]