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Frugal Tip Monday-My 401k/Retirement Dilemma

Fashion Without Guilt

Please formspring me and let me know, if you have any knowledge of 401k or just want to share your experiences. I will keep you updated on my progress in my 401k enrollment process and share some tips that I learn along the way. Look forward to hearing from everyone.

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What Can Go Wrong – Naming a Beneficiary

Prairie Eco-Thrifter

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.

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Start Saving Early for Retirement: Tips for Young People Just Starting Out

Prairie Eco-Thrifter

.” - “I don’t earn enough to be able to put anything away for retirement.” - “With the rising cost of living, I am having trouble making ends met, let alone putting anything aside for the future.” - “My boss doesn’t have a 401K for me to join.” You want to plan to retire from work, not from life.

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Investment Methods

Prairie Eco-Thrifter

When I retired, I used this method to re-invest the proceeds from my company 401K (that I had rolled into an IRA). It caught me by surprise that the stocks/mutual funds in which I invested while in the 401K could not be transferred in kind to my IRA. Instead, they had to be sold within the 401K and the proceeds reinvested in the IRA.

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What Makes a Saver?

Prairie Eco-Thrifter

I also saved – maxing out 401K contributions to build up the retirement funds. As a young mom, I saved like mad – going to garage sales, thrift stores and accepting hand me downs on toys and clothing.

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5 Reasons Why You Should Invest in Gold

Prairie Eco-Thrifter

Have you looked at your 401K and almost choked because of its decline? There are benefits and disadvantages to each of them and it really depends on what type of investor you when you make the choice. Add Gold to Your IRA. You could always invest in a gold backed IRA.

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10 Reasons You’re Broke

Prairie Eco-Thrifter

Instead of investing your money in education or your 401K, your money goes to clothes, gadgets, big screen TV’s or alcohol. If you always have more month than cash and never seem to get ahead or even to even, it’s time to look at some reasons you may be broke. You spend your money on the wrong stuff.