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The Best Choice For Your 401K

So, you’ve taken advantage of open enrollment, and set up your 401k account. Or maybe you had one already. The bigger question is:What’s the best investment to start with?Looking at all the investment options can be overwhelming—so overwhelming...

Secure Your 401k, by the Pool

Rebalancing your retirement account is like professionally grooming your brows. It takes minimal time, but keeps your portfolio looking good for months to come. And in this case, you can find financial balance without moving from your poolside...

Planning Karen Klein’s Awesome Retirement

By now you’ve heard about Karen Klein, a 68-year old bus monitor who became an Internet celebrity last week after video surfaced of her being bullied to tears by a group of kids. Someone set up a fundraiser on IndieGoGo, hoping to raise $5,000 to...

Can You Fund a 401k and an IRA?

Here’s a classic retirement question from a reader: I’m in my 30's, and saving about 10% of my salary. Soon I can contribute to my 401k—and they’ll match 100%, up to 5% of my salary. Should I put the whole 10% into my 401k and stop contributing...

My Retirement Repentance 

My name is Jenna, and I threw away SIX GRAND.   Here’s how: I rolled over $4,700 from my old 401k to an IRA—and left it sitting in a money market account.  And it’s been sitting there for three years. Look, IRA rollovers are complicated and...

A Tax-Free Hammock at 65

Imagine you’re about to retire and you’ve got a nice little nest egg saved up. (Way to go!) Obviously, you want to keep as much of your hard-earned cash as possible, while surrendering as little as possible to the IRS upon withdrawal. That’s why...

Does Your CPA Pass the Quarterly Tax Test?

Ten years ago, business lawyer Nina Kaufman went from running her own shop to joining a limited-liability partnership. She was thrilled…until April 15 arrived, and with it, a $20,000 tax bill. Turns out, she should have been paying quarterly...

What Does "Max Out" Mean?

Maxing out your IRA or 401k simply means that you contribute the maximum amount allowed in a given year.  What you really want to know is why maxing out makes a difference, right? Right. Let’s say you contribute $2,500 to an IRA every year, for...

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