Jul

28

90% Salary Into 401k

July 28, 2007 | 2 Comments

No, I am not advocating everyone to do this. I think a disciplined approach to saving and investing is best under normal circumstances (10 to 25% of your weekly/bi-weekly/monthly salary into 401k, depending on level of income). I have a special circumstance, however: I am moving from regular employment to becoming a […]

Jul

23

Book Review: Mad Money

July 23, 2007 | 1 Comment

I am not talking about the show with the same name, but about the Jim Cramer’s Mad Money Book: Watch TV, Get Rich. It is his own book about the techniques used and how to understand that ubiquitous TV show that you must have seen while waiting at an airport for a flight, or […]

Jul

11

Got Junked

July 11, 2007 | 1 Comment

I have been delaying a good basement/garage cleaning. Some things are just difficult to dump on the regular weekly trash pick-ups: tires, appliances, de-humidifiers and A/Cs, exercise machines, etc. That was the kind of stuff I had accumulated over the years and had neglected to dump. I am putting some things in […]

Jul

3

SEP-IRA vs SEP-401k: Which Retirement Plan To Choose

July 3, 2007 | Comments Off

Definitions first:

A SEP-IRA allows up to 25% of compensation (up to $45,000 for 2007) to be stashed away in a tax-deferred account (to be used at retirement age, just like any other Traditional IRA).
A SEP-401k allows up to $15,500 in salary deferrals, like any other 401k plan (employee contributions) and up to 25% of compensation […]

 

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