Archive for the ‘Retirement’ Category
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Reviewing My IRA Options
The other day, a reader, Matt, sent me an e-mail in response to my Zecco IRA Rollover. He asked (I’m paraphrasing):
I have a question about the Zecco IRA account. You figured a 0.036% expense ratio and I understand how you calculated it - $30 annual fee/$80k balance. If I had an account of ETF’s, wouldn’t I have to pay $30 per year plus any sort of expenses for the fund itself? Or does the $30 per year replace the fees for the ETF?
It was a great question and I realized that it was one that I clearly overlooked. […] -
Zecco IRA for my 401K Rollover: The Time to Hesitate is Now
For a few years now, I have been Lazy about transferring a 401k to a Rollover IRA. I have no excuse. I know I could invest in a brokerage with very cheap exchange traded funds (ETFs). Instead of paying the nearly 1% in expenses, I could probably pay around 0.25%. As long as I’m coming clean here, it’s not just one 401k, but three of them. And it’s not just a few dollars, it’s around $80,000. In short, it’s not exactly an insignificant move.
Last week, I finally applied for a Zecco IRA. It […] -
SEP-IRAs: A Primer and a Funding Strategy
[The following is a guest post by RateLadder.com. I asked him if he would be kind enough to write an article about the SEP-IRA since he has more expertise in the area than I do. He’s also taking an approach that I though readers would find interesting. If you are interested in peer-to-peer lending, I highly suggest subscribing to his feed]
A Simplified Employee Pension Plan or as it more commonly called SEP-IRA is a retirement plan for self employed and small-business owners. It works much like a normal IRA in that earnings grow tax-deferred.
For those without […] -
What’s Your Definition of Retirement?
From time to time, I chat with other readers and bloggers. The other day, I had an interesting chat with Steve from Brip Blap. While we chatted about a number of topics, two really stuck through in my mind… blogging and retirement.
For the last two and half months, I have not worked a steady day job. I thought I’d take a shot at staying at home, being a good house husband, and explore ways to make income on the side. Though it takes an extraordinarily large amount of my time, it’s slowly starting to approach a […] -
Converting Your 401(k) to a Roth IRA
[The article below is from Dollar Guides. Dollar Guides is a paid directory of financial resources. I haven’t looked at or used many of those resources and can not recommend them one way or the other.]
As most of us know, your 401(k) is a retirement plan that many employers offer. Simply, part of your earnings is deferred into your 401(k) account. In other words, money that is put into your 401(k) is tax-deferred until withdrawal. Likewise, some of us are also familiar with an individual retirement account, or IRA. However many are not familiar […]
