qualified retirement

When you are leaving a job where you have contributed to a 401k plan, you have three options: cash out your 401k, keep it in your current plan, or move it to another qualified retirement account. A qualified retirement account could be your new employer’s 401k plan, a Traditional IRA, or a Roth IRA. The [...]

As a new parent, I am sure you’re painfully aware of how expensive college is, and will be.  You may wonder how in the world are you going to save that huge sum needed for your child’s college education. This article is design to help you walk through each step — e.g., getting your finances [...]

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 [...]

It’s tough losing your job. Unfortunately, it’s that much more possible in this economic recession. There are many things to do when you get laid off; one of them is deciding what to do with your 401(k). When you are laid off, you have the choice of leaving the 401k funds in your current plan, [...]

I have a secret desire to be a professional financial planner one day (well, now it’s not so secret anymore). Of course, this would take me in a completely direction from my current career. Because of this desire, I jumped at the chance to interview Ciaran McKeever of Chance Favors who is a Certified Financial [...]

In the previous lesson with my wife, I taught her about various investment vehicles available at our disposal. This time we discussed choosing the right tool for the job; that is, choosing the best investment option available for various savings goals.

Photo from morgueFile
Common Savings Goals
First, we reviewed some of the more common savings goals. I [...]