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HOW TO STOP THE 401K ROLLER COASTER

HOW TO STOP THE 401-K ROLLER COASTER I used to love rollercoasters.  They were the first rides I gravitated to at an amusement park, but now they are the rides I shun.  Perhaps it’s age.  When I was young, I thrived on the…
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Amazing Tax Saving Opportunity for Entrepreneurs!

The dream retirement plan (Solo 401k) for self-employed people! I set up my financial planning practice in Glen Ellyn back in 1996. One of my first concerns was how I would save for retirement as an entrepreneur.  At the time, the best plan…
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When a 401k is NOT the Place to Save

For many people, 401k plan contributions are not where all their savings should be going, at least not right now. You say "Why in the world would you say that?" Making 401k contributions first equates to building the kitchen in your…
cut taxes
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Tax Saving! 8 Places to Invest, to Minimize Owing Taxes

Why I Dislike Taxes and How I Minimize What I Owe  I want less government in my life and I will do everything I legally can to give Uncle Sam as little of my hard earned money as possible.  If you want more government intervention in your…
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Fictitious Balance on Your 401k/IRA Account Statement

Your account balance carries a hidden surrender charge. Millions of working Americans contribute a percentage of their earnings to a 401k account while many also have IRA accounts, most of which were formerly 401k that were rolled over to…
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ROTH VS. TRADITIONAL IRA...8 Important Comparisons

Roth vs. Traditional IRA 8 Important Comparisons Roth vs Traditional IRA? Deciding which retirement account type may fit your needs is an important step in retirement planning. The comparisons below provide an overview of the differences…
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Your IRA or 401k Balance is Not all Your's

Your IRA or 401k is partially yours and partially the property of the IRS. Unfortunately, the IRS doesn't tell you what they get until you make a withdrawal. RETIREMENT PLAN REALITY CHECK IRA Balance               Marginal Tax Rates…