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401K Plan Question

19. February 2009

2 Comments

The company my spouse works for has their 401K set up like this: 50% up to 4% of your salary, after 2 years of service they will contribute 20% on anything over the 4%, 3 years $40, 4 years 60% 5 years 80% and 6 years and over 100%. Is this legal? It  doesn’t make [...]

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Is NEF profiting from their mistake?

23. December 2008

0 Comments

A few months ago back in September 2008, I initiated a transfer in my 401k. I was to sell shares in my Opp fund and put into an index fund. Immediately after I set that transaction to happen I decided it was a bad idea. I have many years for that fund to turn around [...]

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Fidelity Freedom 2040 ( MUTF:FFFFX )

17. September 2008

2 Comments

My sister has been contributing to her 401k for several years now. She is only in 1 fund, the Fidelity Freedom 2040. As I take it, this fund automatically adjusts to accommodate the persons retiring in year 2040. She is 26 years old and will probably retire more than 10 years after this date. Is [...]

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A Financial Primer for Gen Y

19. August 2008

1 Comment

 http://features.us.reuters.com/personalfinance/news/N13484347.html

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Should I transfer funds in my 401K to FLSTX?

7. May 2008

0 Comments

I have been looking over my options in my 401k and was wondering if anyone had an opinion on this mutual fund. FLSTX. It has a pretty high maintenance fee, and an average front load, but the fund seems to be doing every well long term. Here are two cost comparisons based on their performances in the [...]

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How often should you balance your portfolio?

24. April 2008

0 Comments

I’ve been in my Roth IRA and my 401k for just over a year now. All my funds are down as is the entire market. When should I be thinking about balancing my portfolio? Should I ride out the market with my current funds or try to exchange them? Is there a recommended timeframe I [...]

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Monthly contributions in this Market

16. April 2008

0 Comments

With the way things have been going with the market over the past few months, does it make sense to make monthly contributions?

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403B Fund Options

20. March 2008

21 Comments

I wanted to write up a nice post regarding my 403b funds but I currently don’t have any time since I swarmed at work. Here’s the list of my fund options and I’m sorry I couldnt post there morningstar pages because I’m busy… Maybe Paul can post those for you guys. I would love to see [...]

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403b Plan

19. March 2008

6 Comments

Hey guys, As the title suggests I’ll be enrolling in my companies 403b plan. I’d like to ask you guys some general questions and hopefully get everybody’s opinions on things. Below is my companies policies for our 403b plan. Just some basic information for you guys. I’ll be making another post regarding the funds. Company Vesting [...]

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Are IRA contributions tax deductable?

12. February 2008

5 Comments

I just started filing my tax return and thought my IRA contributions were tax deductable. I maxed out my IRA this year putting in $4,000. I get a message from Turbo Tax that it is not deductable because I made too much in that year? Does this sound right?

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