Maximum 401k Contribution for 2014 Has Been Announced
Each year the Internal Revenue Service sets the maximum amount of contributions a person can make toward their 401k plan. On Thursday October 31, the IRS announced that the contribution limit will remain unchanged for 2014, here. The amount maximum contribution amount will be $17,500, the same as 2013 maximum 401k contribution limit. The IRS […]
Are Precious Metals Good Investments?
When you are looking for a retirement investment strategy, the options available to you can become overwhelming. An IRA will work for most small business owners (read: individual contractors), but businesses owners and employees will want to start contributing the max they can to a 401k as soon as possible. The trouble is that, as […]
What Does ETF Stand For?
Ever wondered what does ETF stands for? ETF is the abbreviation of exchange traded fund, sometimes people will refer to this as electronic traded fund but the first is more correct. So that is it, that is all you wanted to know, you can click away from the page now. Well I guess I will […]
Maximum 401k Contribution for 2013
Good news, the IRS has raised the 401K plan limits for 2013. The 2013 maximum 401K Contribution So the 2013 maximum 401K contribution is now $17,500. This allows you to invest more into your 401K than in previous years. The new contribution limit also applies to the Roth 401K’s, 457 B plans, and 403 B plans. Although the […]
What is a Trust Fund?
Back in my college days I had several friends that seemed to have access to all the money in the world as they went to school. One friend in particular spent all kinds of money on off roading vehicles and modifications, and that was just one of his expensive hobbies. I was a […]
The Roth IRA: What You Should Know
You know that putting savings towards your future retirement is important, but deciding where to build your nest egg can be a bit daunting. But the Roth IRA has too many tax benefits to ignore. Confusing lingo and acronyms make it hard to choose an appropriate investing method, and trying to wade through the confusion […]
Investing for the Long Run
If you have a steady job or some extra cash lying around, the sound thing to do is invest it. People too often think of investing as a get rich quick scheme for people with money to invest. The truth of the matter is that long term investments pay off far more than short term […]
How Much of Your Paycheck Should You Save?
Figuring out how much money to save with each paycheck is the million dollar question. You’ll hear countless suggestions: five percent, ten percent, 100 dollars, enough to max out your 401k contribution, and so on. While most of these suggestions are probably good ideas, they are meaningless when it comes to assessing your personal situation. […]
Investing in Your Most Valuable Asset – Invest in Yourself
Investing in Yourself Can Yield Returns Far Greater than Any Other Investment We spend a lot of time worrying about investing and are quick to gauge how things are going by looking at quarterly statements. It’s all dollar signs — bank accounts, 401(k)s, the value of your home — these are the things we invest […]
The 2 Most Important Things to Look at On Your Investment Statement
How many times have you received your quarterly 401k or IRA statement in the mail or via email and simply trashed it? How often do you open it up and glance over it only to see a bunch of numbers, but have no idea what to make of it other than finding out if you […]
