QI have never found an investment that provides returns as high and as safe as stable value funds. These are only available in 401(k)s. Therefore, I think the advice to roll over a 401(k) into an IRA is inappropriate, especially for a person near retirement age.
Updated: March 12, 2011, - 11:51 PM
Q I'm wondering why there is a maximum of $16,500 that can be contributed into a combination of 401(k) and Roth 401(k) accounts per year. It makes sense to me that you could only contribute up to $16,500 into a 401(k) account because the before-tax deductions reduce your tax base. But why don't they allow us to contribute additional amounts into a Roth 401(k) account, since it comes from after-tax dollars?
Updated: March 05, 2011, - 01:26 PM
Fact is, you really can't go wrong by simply limiting how much you borrow.
Updated: February 26, 2011, - 09:07 PM
Q: After losing my job about seven years ago and moving into a new field, I never got around to doing anything with my old 401(k). Should I move the assets into my Fidelity account where I also have a Roth IRA and a traditional IRA? Should I see a financial planner?
Updated: February 19, 2011, - 10:18 PM
Q Because of job changes, I have my 401(k) retirement funds in two mutual fund companies, Fidelity and Vanguard. I chose the same types of funds in both accounts, large cap, mid cap, small cap, and international. I was considering consolidating all of the funds in one account, but then I realized that would be putting all of my eggs in one basket. Should I consolidate my retirement funds for simplicity's sake, or keep them separate for safety's sake?
Updated: February 12, 2011, - 09:55 PM
Q I am getting conflicting advice in regard to taxable and non-taxable retirement accounts. I have heard it is smart to have pretax [401(k)] and after-tax (Roth IRA) accounts to keep yourself balanced in fear of uncertainty around future tax laws. However, I have the option through my employer to contribute after-tax dollars into a Roth 401(k). What's the smart move?
Updated: February 07, 2011, - 03:26 PM
Q My mother recently received an inheritance of more than $11,000. We're wondering what to do with the money that would be in her best interest. She is a 69 and a widow, and she lives on Social Security. She owes about $27,000 on a home equity mortgage on her house at 5.5 percent. Her car is paid off.
Updated: January 29, 2011, - 10:17 PM
But maybe there is another question worth asking here: Why stretch your finances to keep a second home you rarely use?
Updated: January 22, 2011, - 10:00 PM
It pays for a new entrepreneur to try to raise money outside of family and friends.
Updated: January 15, 2011, - 10:21 PM