Retirement
Saving For Retirement? Shave $1,000 Off Taxes With The Saver’s Credit
If you’ve been socking away retirement money, you could be eligible for the Retirement Savings Contributions Credit, aka the Saver’s Credit. This often-overlooked credit rewards you for having the good financial sense to build your nest egg early by shaving off as much as $1,000 on your tax bill, $2,000 if filing jointly. It’s simple: [...]
Working Americans Have Almost No Retirement Savings
CNN Money reported last week that 43% of Americans have less than $10,000 in retirement savings, which is a statistic provided by the Employee Benefit Research Institute in their Retirement Confidence Survey (2010 results). If that figure isn’t scary enough, it appears that 27% of workers have less than $1,000. Both figures are increases from [...]
The Ten Habits of Highly Organized People
Sara Stebbins has written a nice little piece with some helpful tips on getting organized. Her tips (along with my thoughts on a few of them): 1. Walk away from bargains Some people can’t walk away from bargains. I’m not saying my mom had this problem but I do remember her telling my dad stuff [...]
Roth and Traditional IRA Contribution Limits
Many people such as personal finance bloggers, are a huge fan of IRAs because they give you a tax-advantaged opportunity to save for your retirement. Both types, the Roth and the Traditional, offer tax benefits that are hard to find anywhere else. The Roth IRA offers you to reap the growth of your retirement assets tax free [...]
4 Factors to Consider Before Roth IRA Conversion
Now that the income limitations have been lifted and anyone can convert a tax-deferred Traditional or Rollover IRA into a tax free Roth IRA, a lot of blogs, gurus, and news sites have been celebrating the Roth IRA conversion. I have always held the Roth IRA in high regard because it’s a fantastic retirement investment [...]
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