Reading Time: 3 minutes I think I was pretty ignorant about the Roth IRA or Roth 401k until recently years. Some friends talked about Backdoor Roth IRA a few years ago. Around the same time (Sept 2021), I noticed my employer 401 k plan has a Roth option. Before that I already worked in the USA for about 21
Reading Time: 2 minutes That is the S&P 500 index funds. This is similar to Warren Buffett’s recommendation. He actually has more recommendations beyond stocks or bonds. Anyway, I think for most people who are still in the wealth accumulation stage (I think most people before retirement is in this category), low cost stock index funds, plus some low
Reading Time: 2 minutes Today I started to look at other 401k accounts I have and evaluate whether I need to make any adjustments. This is a continuation of my earlier post. In the past I do looked at them from time to time, but was not on a fixed schedule or anything. But I did start making some
Reading Time: 2 minutes WSJ ran an interesting article “Retiring Boomers Find 401(k) Plans Fall Short” over the weekend (link here, if not work please google the article to get it). I felt sorry to read this: …Gloria Moss has been contributing to a 401(k) since 1985, when she went back to work after having children. Especially after divorcing,
Reading Time: < 1 minute I am looking for a few good reviewers and bloggers for my 1st iPhone app, myNestEgg ~ the retirement calculator. Here are a few basic requirements for the reviewer/blogger: 1) An iPhone, iPod Touch, or an iPad device with iOS 3.1.2 or above. 2) Has an iPhone app review site or a personal finance blog
Reading Time: < 1 minute I am looking for a few good reviewers and bloggers for my 1st iPhone app, myNestEgg ~ the retirement calculator. Here are a few basic requirements for the reviewer/blogger: 1) An iPhone, iPod Touch, or an iPad device with iOS 3.1.2 or above. 2) Has an iPhone app review site or a personal finance blog
Reading Time: < 1 minute After I initially upload myNestEgg (Aug 30 night), I did couple “developer reject” to add data persistence (Aug 31), and correct icon matching problem (Sept 7). It’s still in the “Wait for review” as of this writing. Interestingly today Apple announced some change of iOS app license agreement, and put up a new App Store
Reading Time: 2 minutes It’s 401k enrollment time, because of my recent job change. I have lived life without 401k contribution for several months now, although I tried to keep up with buying mutual fund Scottrade IRA account. But I found this IRA thing is not as easy my good old 401k account. Couple reasons: 1) Automatic payroll deduction
Reading Time: < 1 minute How to deal with 401k when leaving a job? Some options: 1) Take it out, with 10% penalty, and potential income tax later on. This is usually not recommended. 2) Rollover to an Rollover IRA; or Rollover to the new employer’s 401k. I did this once: not because of change of job, but because of
Reading Time: < 1 minute As millions of American workers saw their 401k became 201k since last year, this 401k thing suddenly becomes a hot topic. CBS 60 minutes did an excellent report on this topic. Watch CBS Videos Online My thoughts
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