I’m 57 1/2, Can I Start Taking Money From My 401k?
April 16, 2010 by Pete Mitchell
Filed under All Posts, Everything IRA, IRA, Your 401(k)
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?”
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?”
Can I Use My 401k to Buy A House?
March 31, 2010 by Pete Mitchell
Filed under All Posts, Your 401(k)
One of the questions I get is, can I use my 401k to buy a house? Now every Realtor that’s on my list hates my answer. Because my answer is, yes, you can use your 401k, but you probably shouldn’t.
How Much Can I Contribute to My 401k?
March 30, 2010 by Pete Mitchell
Filed under All Posts, Everything IRA, Your 401(k)
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.
Do You Need A Financial Planner? Presented by Pete Mitchell
March 23, 2010 by Pete Mitchell
Filed under All Posts, Estate planning, Everything IRA, Government Programs, Insurance Information
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).
