IRA Rollover

Earlier this week Treasury Secretary Timothy Geithner revealed that the Social Security trust fund might be exhausted as early as 2037, which is four years earlier than the estimate last year! The main reason for this adjustment comes from the rising unemployment rate, which affects how much is being paid into the trust fund, tax [...]

Source:Social Security & Medicare in Financial Distress

There’s a great US News & World Report article on the 5 Big Financial Changes for Retirees in 2010 and the first one listed is a doozy. It’s widely believed that there will be little to no near term inflation which means that Social Security cost of living adjustments will likely be zero in 2010 [...]

Source:No COLA Adjustment for Social Security in 2010

This week the House Education & Labor Committee introduced the Fair Disclosure for Retirement Security Act of 2009, a bill that would require your 401(k) plan to clearly state all fees that it charged. Currently, the law doesn’t require your plan administrator to disclose all the fees and it’s often very difficult to find this [...]

Source:401(k) Fee Disclosure Bill

Just a helpful reminder to everyone thinking about a Roth IRA or a Traditional IRA, the deadline for your contribution is coming up. Not surprisingly, it’s April 15th. When you go to make your contribution, the maximum is $5,000 this year ($6,000 if you are 50+), be sure to mark down that you are making [...]

Source:Roth IRA & IRA Contribution Deadlines Approaching

Just a helpful reminder to everyone thinking about a Roth IRA or a Traditional IRA, the deadline for your contribution is coming up. Not surprisingly, it’s April 15th. When you go to make your contribution, the maximum is $5,000 this year ($6,000 if you are 50+), be sure to mark down that you are making [...]

Source:Roth IRA & IRA Contribution Deadlines Approaching

Just a helpful reminder to everyone thinking about a Roth IRA or a Traditional IRA, the deadline for your contribution is coming up. Not surprisingly, it’s April 15th. When you go to make your contribution, the maximum is $5,000 this year ($6,000 if you are 50+), be sure to mark down that you are making [...]

Source:Roth IRA & IRA Contribution Deadlines Approaching

This week, I analyzed my wife’s old 401(k) and learned that she had around $7,000 spread across nine funds at T. Rowe Price. Fortunately for her, and most other 401(k) participants, she’s not charged for having so many funds; it’s just a bit of a mess whenever you open up her statements because you have [...]

Source:Review Your 401(k) Fund Fees

Tipd 2.0 launched today with some fanfare, announcing over 6600+ total users, 12,000 news submissions, and over 70,000 Tipd votes. It’s growing by 60 new users a day with more than a hundred new stories being submitted every single day. The site has grown by leaps and bounds and it’s clear that this is a [...]

Source:Tipd 2.0 Launches

Just a helpful reminder to everyone thinking about a Roth IRA or a Traditional IRA, the deadline for your contribution is coming up. Not surprisingly, it’s April 15th. When you go to make your contribution, the maximum is $5,000 this year ($6,000 if you are 50+), be sure to mark down that you are making [...]

Source:Roth IRA & IRA Contribution Deadlines Approaching

If you work at a company that has stopped 401(k) contribution matching by your employer, you should be happy, rather than upset. I’ve been talking to a few people, over email, about how they should respond to their company canceling their 401(k) match. Some are upset that their companies did this (one of them had [...]

Source:401(k) Employer Match Cancellation