Every year, we set up big audacious goals that we want to accomplish in the new year. Somehow, we are magically more likely to succeed because a number changed on the calendar. Personally, I subscribe to another method: achieving financial success is making the commitment to take a series of small steps in the right … Read more 40+ Money Hacks and Ideas to Improve Your Finances in 2019
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 more How 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 more How 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 more Can I take money out of my 401(k) without paying penalty?
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 more Can you draw unemployment and social security at the same time?
Question The tough job market has hit me hard, but I have a job start in 3 months. That said, I am looking at having a hard time paying my next mortgage payment. I have $200+K in my IRA. I believe that I should withdraw money to insure that I pay my mortgage, however, a … Read more Should I withdraw from IRA to pay mortgage for a few months?
Question I’m retired and still have a 401-k with my former employer through Fidelity. I went to a financial advisor thinking about rolling it over to an IRA and get invested to stocks or etc. However, with the quarterly fees that will be taken from my assets balance, will be a big money from me. … Read more I am retired. What should I do with my 401(k)?
Question I started working for a company and they offered me $53 /hr on W2 or $55 on 1099. That employer is suggesting me to take salary on 1099 so that I can save more taxes rather on W2. He asked me to start a consulting company so that my company expenses can be shown … Read more Should I work as a salaried w2 employee or a 1099 contractor?
Now that I’ve interviewed over 50 millionaires on how to become a millionaire, I can see what has worked for successful entrepreneurs. One pattern I have seen, which I want to share with you, is that you can start a million-dollar business on the side. If you already have a job, or are self-employed and … Read more 3 Millionaires Who Started a Multi-Million Dollar Business on the Side
When it comes to money, there is no shortage of advice out there. Some of it is funny, and some of it is just plain stupid. And, of course, some of the money advice out there can inspire you to make better decisions, and there are smart money quotes that will help you improve your … Read more 32 Inspiring and Funny Money Quotes