Roth IRA
« Previous EntriesWhat Do You Think of This Reader’s Plan?
Tuesday, May 13th, 2008Here’s an email I received this morning from a reader:
Silly me…..I have been reading your column and never thought to ask you a question!! I love reading your blog. I have been agonizing over what to do.
Here is the situation…..I am 50 years old, take home $68,000 a year (total of 2 jobs).
I did [...]
How Should This 44-Year Old Invest $18,000?
Monday, May 12th, 2008I received this email last week:
Hi JLP,
I found your blog thru real simple magazine. Props to you. Nice.
So here is my question, 44 years old, female, broke my whole life, no savings, wanna change. Came into 18K (my Dad died) and I don’t know what to do with it. It has been sitting getting like [...]
Should This Guy Leave VanKampen?
Tuesday, May 6th, 2008One thing I have noticed from the Money Magazine mention is that I am getting A LOT more email from people asking for my opinion on various topics. If the subject matter is blog-worthy, I’ll consider writing about it. Not so much because I’m an “expert” but more because a lot of AFM [...]
Roth 401(k) vs. the Traditional 401(k): One Reader’s Thoughts
Tuesday, February 26th, 2008Reader and frequent commenter, Don, sent me this email this morning. It’s his thoughts on the Roth 401(k) vs. Traditional 401(k). I’ve included my thoughts after Don’s email (edited slightly from the original). As always, your thoughts would be appreciated.
I was reading this Marketwatch article recently:
Roth IRAs: Good for you or not?
In [...]
Retirement Planning & Taxes: New Questions
Monday, February 25th, 2008Tax diversity has become a more common discussion among personal finance experts in recent years. This is due not only to the plethora of tax-free, tax-advantaged, and taxable investment options that people have today, but also to the uncertainty of our future tax system.
My Wife’s Company Will Begin Offering the Roth 401(k) Next Year
Tuesday, July 17th, 2007I found out yesterday that my wife’s company will begin offering the Roth 401(k) in January, 2008. Immediately I started thinking about whether or not it is a good deal for us. Believe it or not, it’s not a simple decision because there are numerous variables to consider.
NOTE: It’s important [...]
What Do You Do When Your Company’s 401(k) Fees Are High?
Saturday, July 14th, 2007I received this email from a reader:
JLP,
I am starting a new job with a small firm that offers a 401k through Principal Financial Group. The company matches dollar for dollar up to $5000 per year. There are 17 funds in the plan including lifetime funds and funds covering all the major asset classes. [...]
The Roth IRA Contribution Phaseout for 2006 and 2007
Thursday, December 7th, 2006For 2006, the Roth IRA contribution phaseout is as follows:
Filing Status: Married Filing Jointly & Qualifying Widow(er)
The phaseout based on your modified adjusted gross income (MAGI) is $150,000 - $160,000
Filing Status: Single, Head of Household, or Married Filing Separately
The phaseout, again based on your modified adjusted gross income (MAGI) is $95,000 - $110,000
If your MAGI [...]
Roth IRA Contribution Limits
Wednesday, December 6th, 2006Don’t forget that if you haven’t contributed to your Roth IRA yet this year, you have until April 15, 2007 to make a 2006 contribution.
The maximum contribution for 2006 is $4,000 (or $5,000 if you are 50 years old or older). These amounts remain unchanged for 2007.
Who Can Contribute?
According to Publication 590 [...]
Building Wealth on $1.67 Per Day!
Thursday, November 2nd, 2006How’s that for a catchy title?
This post was inspired by the following comment I received from a reader: