In A Non-Deductible IRA Is Worth It For Me, I mentioned I’m going to establish a self-employed 401(k) plan, also known as a solo 401k plan or an individual 401k plan. This is in part for providing a safe haven in 2009 for the pre-tax money in my IRAs, in preparation for converting the remaining [...]
When SmartyPig first came out, I was negative about it. I wrote in March 2008 SmartyPig: A Simpler Way to Save Or a Fee Trap? To recap, SmartyPig works like labeled piggy banks. You first create a goal for what you are saving for. Then you set up automatic monthly transfers from your checking account [...]
To Roth or not to Roth, that is the question. Starting in 2008, like many other employers, my employer also started offering the Roth 401k option in our 401(k) plan. This question of whether one is better off with contributing to the Traditional 401k or contributing to the Roth 401k has been the subject of [...]
It was another eventful week in the stock market. The Fed offered to lend up to $200 billion to banks and Wall Street firms on Tuesday. It gave an undisclosed amount of emergency funding to Bear Stearns on Friday. According to this Bloomberg article, it is “the largest government bailout of a U.S. securities firm.” [...]
