Saturday, September 4th, 2010

I’m 57 1/2, Can I Start Taking Money From My 401k?

This is kind of a funny little question. About 329 people asked this. “I’m 57½ and I’m retiring from my company. Can I start taking money out of my 401k?”

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Can I Roll My 401k into a Roth IRA?

This question comes up more times than I can count. Can I roll my 401k into a Roth IRA?

And the simple answer is, not directly, but indirectly you can.

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Can I Still Contribute to My 2009 IRA?

April 2, 2010 by Pete Mitchell  
Filed under All Posts, Everything IRA, IRA

Some people still want to be able to contribute to their IRA for the tax year of 2009, and they want to know, “Is it too late to put money into my IRA for the tax year 2009?”

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How Much Can I Contribute to My 401k?

One of the questions that I get a lot is, “How much money can I actually contribute to my 401k?”

The answer to that is a little bit more complicated but I’m going to give you the loose guidelines, if you will. The basic guideline is this: You can put away, as an individual, $16,500 a year into your 401k. Now, if you’re age 50 or older, you’re able to do a catch-up of an additional $5,500 per year into your 401k.

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Do You Need A Financial Planner? by Pete Mitchell

What does a financial planner do? Well, that depends. Many individuals refer to themselves as “financial planners”, but not all perform true multidisciplinary financial planning. Investment, insurance and tax professionals sometimes specialize in certain areas of financial planning (such as retirement planning, estate planning, tax planning, or investment management).

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