Everyone knows the value of diversification. Just look at the Bear Stearns incident for proof that it’s crucial. I’m not going to talk about that today for a change. Rather, I’m going to focus on diversification of your actual accounts - not within them. What in the world am I talking about? Taxes.
Roth IRA vs [...]
Popularity: 23% [?]
In the past, it was everyone’s goal to become a millionaire by the time they retire, so they wouldn’t have to worry about money. Well folks, the world is changing, and a measly million bucks isn’t likely to carry you through retirement. Unless you like eating rice and beans everyday, that is. [...]
Popularity: 59% [?]
The more I think about it, the more I realize that my 401(k) is really weak. Here are my two biggest problems with it:
Mystery Match. There’s an employer match, but no one has any idea how much that match is. The HR director doesn’t even know.
Long vesting period. I have to stay [...]
Popularity: 35% [?]
Nope, that’s not a typo. There’s a new retirement plan that some employers are offering, and it’s called the Roth 401 (k). Much like the name sounds, it’s basically a hybrid of the Roth IRA and 401 (k). Here are some of the Roth 401 (k) features:
After-tax contributions. You don’t get a tax break in [...]
Popularity: 36% [?]
Nearly all employers these days offer a 401(k) as part of the benefits package. And quite a few folks contribute at least something to these plans. You are contributing to your 401(k), aren’t you? Since you’re a Llama Money reader, I’ll assume you already contribute as much as you need to so that you max [...]
Popularity: 35% [?]
No one really wants to think about retirement. For most of us it is decades away, and not really at the forefront of our minds. However one day all those will grow old, and will wish to leave the work force. To do this we need to make sure we have enough [...]
Popularity: 37% [?]
