401(k)

If you’re in a lower tax bracket and have been looking for a good reason to get off your butt and start saving for retirement, here it is… In short, you may be eligible for a tax credit that offsets as much as 50% of your traditional or Roth IRA, […]

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As we approach the end of the year, it’s time to start looking ahead. That means it’s time to revisit your retirement plan contributions. According to the IRS, the 2014 contribution limits for 401(k), 403(b), and 457(b) plans will be unchanged in 2014. That means that the stated limit will […]

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How Mutual Fund Expense Ratios Work

by Michael on Jul 29, 2013 · 3 comments

The other day, while perusing the Bogleheads investing forum, I ran across a misunderstanding of how mutual fund expense ratios work. In short, someone was holding three different all-in-one mutual funds and was thinking of combining them all into one to avoid “avoid paying the expense ratios” on two of […]

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Investing With Fidelity's BrokerageLink

by Michael on Apr 17, 2013

Do you have an employer-sponsored retirement plan with Fidelity and wish that you had access to better investment choices? If so, then you should definitely check to see if their “BrokerageLink” service is available within your plan. To be fair, Fidelity has a number of good, low-cost options in the […]

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Putting a Cap on Retirement Accounts?

by Michael on Apr 12, 2013 · 3 comments

One of the big pieces of news out of President Obama’s budget proposal was a proposed cap on retirement accounts. You may have heard rumblings about this in the form of a possible $3M limit on balances across all of your retirement accounts. Today I want to shed a bit […]

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Roll Your IRA Into a 401(k)?

by Michael on Apr 3, 2013 · 4 comments

Much has been written about the virtues of rolling over your 401(k) into an IRA. But what about doing the opposite? Believe it or not, there are cases in which you might want to roll IRA funds into a 401(k) plan. Note that not all 401(k) plan administrators allow this […]

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I’ve been fortunate. Over the years, my employers have offered excellent retirement plans. But for many, that’s not the case. If your 401(k) or 403(b) plan stinks — due to high fees, lack of appropriate investment options, or both — what should you do? Should you still contribute? Or should […]

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I recently learned that my parents nearly forgot to take the Required Minimum Distribution (RMD) from my dad’s IRA last year. Fortunately, they remembered at the last minute and avoided any penalties, but it was a close call — too close for comfort. Going forward, I’ll be helping them out […]

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