Up Next: A Social Security Bailout?
Yes, you read that right. The U.S. taxpayer could be on the hook yet again for another bailout in the next year or so - this time for Social Security! This according to an article by Allan Sloan (Fortune magazine’s senior editor at large).
It’s long been common knowledge that the Social Security system is deeply [...]
Why 401(k) Retirement Plans Really Don’t Work, and How to Fix Them
I originally wrote this article back in January for the Saving Advice Blog, but I’ve seen a lot of chatter recently about it again - including this issue of Time magazine - and I feel very strongly about protecting individual retirement savings from the government, so I thought I’d go on the record here [...]
Employers cutting 401(k) match contributions.
Here’s a story near and not so dear to my heart titled, How Much You Lose When Your Employer Cuts Your 401(k) Match
It hit close to home because a few weeks ago I received an email from my corporate masters informing me that 401(k) matching contributions were “on hold indefinitely” so as to provide [...]
Will The Roth IRA Remain Tax Free?
Many financial planners recommend that investors salt at least some of their retirement savings away in a Roth IRA - and with good reason!
Roth IRA Eligibility Rules.
Eligibility rules are simple - if you earned taxable compensation, you are eligible. If you’re eligible, you next need to see if you qualify. For 2009, if your adjusted [...]
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