Savings Corner
DECEMBER 25, 2023
Estimating how much income you may have from Social Security can assist in approximating the amount of money you’ll need to save in dedicated retirement accounts such as 401(k)s and IRAs. At retirement, also after age 59 1/2 contributions and earnings can be withdrawn tax-free.
Prairie Eco-Thrifter
JULY 16, 2017
Being the smart person you are, you you sign up for a 401K with company matching and do the right thing by starting to pump as much into it as possible. In 5 years – you’ve married and had a baby, but your 401k still goes to Mom and Dad when you die. What can go wrong after you die. Spouse contests the distributions.
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Prairie Eco-Thrifter
MAY 10, 2012
Welcome to the May 11, 2012 Edition #236 of the Carnival of Financial Planning. After all it was not the people who caused the problem so why should they suffer while the banks get off scot-free? Mike presents May Blog Evolution Report… + Income Stats! posted at The Financial Blogger , saying, “The online income for May.
Savings Corner
DECEMBER 27, 2023
That means your investment earnings grow federally tax-free. If your employer offers up this free money, a good rule of thumb is to do everything you can to contribute enough to take advantage of it. You may be able to roll a Roth 401(k) into a Roth IRA to avoid RMDs. Why should you use a 401(k)?
For the Mommas
JANUARY 23, 2013
Have more money automatically withdrawn from your paycheck and put in your 401k. Is now really the best time to buy that new couch or could you find one for free? After taking a look at your holiday shopping credit card bill, you may (unsurprisingly) groan and vow to pay off your debt as quickly as possible. Create a budget.
Prairie Eco-Thrifter
JULY 31, 2015
You may have been part of a couple and a family for 15 or 20 years by now. Being out of the work force to raise babies put me behind on the retirement savings front, but I caught up through regular 401k contributions, and additional IRA savings and ended up with more than most people do put aside. Perhaps they will work for you too.
Saving Cents With Sense
FEBRUARY 28, 2014
You might have to share your house with your roommates but, depending on your location, it may be better than being stuck in a studio apartment on your own. This is especially important if you get a 401K match from your employer, as that’s free money. Read Up on Retirement Accounts. Car Buying.
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