You may have heard of this investment option by the names “Solo 401k” or “Self Employed 401k“, but I like the name Individual 401k, so that’s what I’m going to use to describe this great retirement option. What Is An Individual 401k? It’s a plan that enables small business owners (preferrably one with no employees)… Continue reading First Look: Individual 401k
Category: Retirement
3 Strategies to Maximize Benefits from your Pension Annuity
3 Strategies to Maximize Benefits from your Pension Annuity If you are in the process of looking for a pension annuity that will protect both you and your spouse from financial problems in the future and provide you with income for your retirement, it goes without saying that you will want to do everything in… Continue reading 3 Strategies to Maximize Benefits from your Pension Annuity
Sound 2010 Roth IRA Information
I think that everybody should have a Roth IRA! It is more fun that David Lee Roth! And by fun, I mean not paying taxes on the future earnings! First the Basics: The following is the “2010 Income Limits” range information. MAGI stand for “Modified Adjusted Gross Income“, and not Gross Income! 2010 Roth IRA… Continue reading Sound 2010 Roth IRA Information
No 401K 2010 Conversion to a Roth IRA for Me
I was hoping in 2010 that I could roll my entire 401k balance over to a traditional IRA, and then from there do another rollover to a ROTH IRA. The advantage of doing it in 2010, is that you can spread the contribution amount over multiple years (3 to be exact) to reduce the tax hit. So for the… Continue reading No 401K 2010 Conversion to a Roth IRA for Me