SIMPLE IRAs are up next as we continue the series exploring three different types of retirement plans ideal for small business owners and the self-employed. Yesterday, we started the series with an in-depth look at the SEP-IRA. SIMPLE IRA Overview SIMPLE stands for Savings Incentive Match Plan for Employees. SIMPLEs were established to encourage small […]
After Madison posted about her Solo 401(k) woes, a reader, Lee, suggested she look into a SEP-IRA instead. Let’s take a step back and explore 3 different types of retirement plans ideal for small business owners and the self-employed. We’ll start the series with an in-depth look at the SEP-IRA. SEP-IRA Overview SEP stands for […]
Sorry, this contest is over. However, if you want to buy gift cards for a fraction of their value, check out Plastic Jungle! You can even sell or swap your existing gift cards, too. To celebrate My Dollar Plan’s one millionth visitor, it’s time for a giveaway! What a perfect way to celebrate Free Money […]
Did Mortgage Rates Just Hit Rock Bottom?
Posted byI had to rearrange my schedule today. I subscribe to the rate watch at Pentagon Federal and they sent me an email that the 5/5 ARM rate had dropped to 4.0% with no points. And it’s a jumbo! Are you kidding? Is it April Fool’s Day? Whatever the reason, I had to drop everything and […]
Life is full of moments that leave a bad taste in our mouths; just turn on the news and you are met with daily tales of cruelty and weird happenings. But life is also about wonderful, precious moments and when these beautiful moments come around, we want to celebrate them. The union of two people […]
Did you get an allowance from your parents when you were young? I remember my first allowance, a whopping $2 a week! The amount went up over the years as I aged, but the allowance was always mine to spend or save as I pleased. Fast forward to adulthood. At one time my spending got out […]
5 Ways Spending More is Actually Frugal
Posted byIf you are a frequent reader of personal finance articles, you are familiar with some of the most commonly cited ways to save money – bring your lunch to work, install a programmable thermostat, cancel your cable, etc. In general, choosing the most frugal option is good for your bottom line. But sometimes, spending a […]
HSBC Direct $50 Bonus
Posted byHSBC Direct is offering current customers Free Money. They’re giving $50 to customers for using the HSBC debit card. How to Get Your $50 Be a current customer, which is defined as having a HSBC Direct Online Savings Account as of September 8, 2009. Open an Online Payment Account by September 30, 2009. Make 3 […]
Why Fidelity Sucks
Posted byFidelity Solo 401k I opened a Solo 401k at Fidelity last year. However, I held off on making our contribution until just this month, so that we would be able to more accurately pinpoint our income. This is one of the best characteristics of the solo 401k. As long as you establish your plan in […]
Fidelity Sucks, Credit, and Investing
Posted byBefore diving into the personal finance articles of the week, I usually write about a quick personal finance topic that I’m engaged in for the week. However, as I was writing about my difficulties dealing with Fidelity today, I got a little long winded…. obviously I’m really mad! So, we’ll just jump right into the […]