Just the other day, President Obama released his 2013 budget. I am not going to get into all of the details of the proposal. I am going to focus in on three interesting topics that pertain to retirement savings and my thoughts on them. Please note that there are many other aspects of his plan, […]

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Is Your 401k Plan Disclosing Fees?

Posted by Don on March 14, 2013

Back in January of 2012, I wrote an article on the upcoming fee disclosure rules for 401k accounts. Plan providers were now being required to display how much in fees the employees were paying with their current 401k plan. This is an issue because up until the rule change, providers could essentially charge anything they […]

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Open a Roth IRA for your Teen

Posted by Don on January 15, 2013

Thinking back to my teenage days, all I was concerned about was finishing up work at my weekend job so I could drive around and hang out with my friends. I never thought about opening a Roth IRA for teens! The money I made while I worked part-time put gas in the car and provided […]

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Easy Retirement Plan Goals

Posted by Don on January 10, 2013

It’s a new year, so that means most people will be making an annual list of resolutions. These typically range from paying off debt to saving more, losing weight and building better relationships. Pretty much anything you want to change can be included as a resolution for the new year. There is only one problem […]

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Will Social Security Be Around in 20 Years?

Posted by Nick on September 5, 2012

Over the years, there has been a lot of hullabaloo over the solvency of the Social Security system here in the United States and whether or not Social Security will still be around in 20 years. Many people have fears and questions that are not sufficiently answered by those who represent us in congress. (A […]

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Changes to Pension Law and Payout Practices

Posted by Amanda on August 28, 2012

I am one year and five months away from being fully vested in my agency’s pension plan. As I mentioned previously when I discussed what happens to your pension when a company goes bankrupt, I contribute 6.45% per paycheck and my employer matches this contribution. Another nice option for staying with my employer for an […]

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How to Calculate RMDs

Posted by Madison on June 14, 2012

My aunt is turning 70 1/2 this year. Congrats! For those of you familiar with IRAs and 401ks, you know it’s a magical number because it’s time to start Required Minimum Distributions (RMDs). If you have multiple accounts at various places, the RMD rules can get a little tricky to navigate. Let’s walk through the […]

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Should I Convert My Retirement Plan into a Roth?

Posted by Nick on May 15, 2012

Ok, fellow readers, I’ve got a question for you. I think that Roth IRAs are the bomb, and my wife and I have had one ever since I learned about how cool they are. There is one problem with the Roth IRA though; that pesky $5,000 per year deposit limit. Employer Options At my work, […]

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Roth IRAs: An Opposing View

Posted by Drew on May 8, 2012

Meet the new writers! Our next new writer is Drew. Drew has always had a fascination with varying strategies for handling finances and economics throughout the world. He loves to travel and has a goal of reaching all 50 states and at least 30 countries before he hits 40 years old. He is currently pursuing […]

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Merrill Edge $50+ IRA Rollover Bonus

Posted by Kate on April 5, 2012

Just in time for the tax deadline, we have another great Free Money offer on an IRA rollover from Merrill Edge! We’re celebrating Free Money Friday a little early this week because of the holiday tomorrow! How to Get Your Rollover Bonus Rollover or transfer your IRA to a new Merrill Edge IRA and receive […]

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