Can I Roll My 401k into a Roth IRA?
April 9, 2010 by Pete Mitchell
Filed under All Posts, Everything IRA, Your 401(k)
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.
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.
The DBk Plan Presented by Pete Mitchell
March 26, 2010 by Pete Mitchell
Filed under All Posts, Alternate Investments, Government Programs
What is a DB(k)? Basically, a DB(k) combines a pension plan with a matching 401(k) plan. As the name implies, it is a defined benefit retirement plan with some of the features of a 401(k).
The ABCs of Foreclosure Presented by Pete Mitchell
March 25, 2010 by Pete Mitchell
Filed under All Posts
What is a foreclosure? In the simplest terms, a foreclosure is a legal proceeding by which property is repossessed by a lender due to the borrower’s failure to fulfill the terms of a mortgage or deed of trust. In most cases, this means the borrower has either been unable or unwilling to make the agreed-upon payments.
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).
