Question Hello, I am 40. I have two 401(k) funds one with $20k+ and another one with $400 from my previous jobs. In my current job I am not contributing to 401k Questions: Can I combine those two funds in a traditional or Roll-Over IRA ? Do I have to pay taxes on April of … Read moreHow to combine my old 401(k)s into an IRA?
As a society, we tend to view financial success in rather cut and dry ways. Some of the things that we tend to get hung up on when we try for financial success include: big house, nice car, and high-paying job. But are these things that are really going to make you happy in the … Read moreHow Do You Define Financial Success?
Question The company I work for just terminated their 401(k) plan and suggested employees roll their funds over to an IRA. My question is can I cash out say 20% (to pay off debt) of my balance without paying the penalty and roll the remainder over to the IRA account? I have over a couple … Read moreCan I take money out of my 401(k) without paying penalty?
Question I am thinking about refinancing my mortgage but need insight. I purchase the home in 2011 on a VA loan at 4.375% for $336,000.00 (that includes all the fees. etc) I have excellent credit, I think I can get under 3% for a new loan, but my question is, is it worth it? The … Read moreShould I refinance if I plan to pay off my mortgage early?
Throughout the financial improvement series, I’ve shown you how to save tons of money with big wins, how to automate your finances, and overall better your financial situation. But I know some of you won’t try some or any of the tips I’ve shared. Maybe it’s skepticism. Maybe you think you know better. Maybe you’re … Read more21 Money Mistakes and Problems to Avoid
Question Can you draw unemployment and social security at the same time? Thank you, Larry Higdon Answer According to SSA.gov: Unemployment insurance benefits are not counted under the Social Security annual earnings test and therefore do not affect your receipt of Social Security benefits. However, the unemployment benefit amount of an individual may be reduced … Read moreCan you draw unemployment and social security at the same time?
The insights we’ve shared over the last 12 weeks are a great start to righting a severely off-course financial life. Whether it is trimming a few dollars from the budget by cutting back, saving $100 by refinancing your home, or automating menial money tasks, all of the steps can be used to make a big … Read moreEarn More Money to Transform Your Finances
There are 24 hours in a day. 168 hours in a week. 8,736 hours in a year. We all have the same amount of time to work to earn an income, spend, cut back, budget, and invest. No one gets “extra time”. It’s all the same. But I’m sure you’ve heard someone else complain about … Read moreCut Crap You Don’t Use and Sell Your Stuff
In the last article, we discussed how to automate your investments, and today we will cover another easy step to improving your finances — automating your bill payments. I can’t count how many times I used to look at my online checking account and wonder aloud, “Where is that check from?” Photo by CarbonNYC via … Read morePaying Your Bills Automatically
My last article starts to explore the subject of retirement investing, but it barely scratched the surface of the subject. Today I want to show you how to make investing less complicated. Yes, getting educated on all of your options is important. I highly recommend you do take the time to learn more about investing. … Read moreAutomate Your Investments and Savings