Everyone who has gone to college (and participated in one or more of their classes) knows that Textbooks can be complete ripoffs. At a state University in my hometown the tuition and fees for a full-time student are $2,264 per semester. At the local Community College the semester’s tuition is maxed out at $800 for […]
Currently, anyone with MAGI under $100K/yr can convert from a Traditional IRA to a Roth IRA, but as of 2010 and beyond the income cap is removed (barring legislators changing this). Financial terms used in this article: IRA = Individual Retirement Account AGI = Adjusted Gross Income MAGI = Modified Adjusted Gross Income RMD = […]
Here is a brief primer on what a retirement account is and the choices you may have: Whether it be a 403(b), 401(k), 457(b), SEP IRA or Solo 401(k) traditional IRA or a Roth IRA, it is essentially the same concept. These accounts can be thought of as essentially a shelter from current and/or future […]
Hopefully you are investing some money somewhere already. My general philosophy is “do not let financial paralysis keep you from saving and investing (and therefore retiring)”. I understand that recent market turmoil might have scared you enough to make another excuse not to start investing or stop a program you had in place. Don’t let […]
Those tunes may be catchy, but www.freecreditreport.com isn’t the place to go to get your “no strings attached” free credit report. They require you to sign up for a 7 day trial which, if you don’t cancel within that time period, will end up costing you $14.95/month thereafter. Don’t you dare pay to get […]