Aug
28
Money Moving In The Opposite Direction
August 28, 2007 | 1 Comment
For a long while I had a rule: money that goes into investment account stays there. Dividends: reinvested, capital gains: reinvested, spare money in checking: invested. All of the money flowed into the Ameritrade stock brokerage account.
In my new stage in life I have to make changes on that rule. Now I am living out [...]
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
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 [...]
May
18
Fidelity Gone, Vanguard In
May 18, 2007 | 1 Comment
I did manage to create a SEP-IRA with Fidelity (Self Employed Pension – Individual Retirement Account). The challenge was to fund it. Apparently, Fidelity has some back-office issues that prevent easy set-up of electronic fund transfers online to some “specialty” accounts, including the SEP-IRA. Even over the phone it was a struggle.To [...]
Apr
1
Rolling Over My 401k
April 1, 2007 | Comments Off
First thing I did this morning after I woke up was rolling over my previous employer 401k into a Rollover IRA. Fidelity allows it to be done on line in extremely simple steps. I hadn’t been able to do it before since I hadn’t been able to call Fidelity to re-establish my on [...]
Jul
25
401k: If I Where Employed by EMC
July 25, 2005 | Comments Off
(Originally posted on the Anes Blog)
If I became an EMC employee, first of all, I would be happy. I trust the company to do well. It has a solid and expanding product suite that compensates for a decline on basic storage. The need for massively large and complex, highly available, and highly reliable storage systems [...]
Subscribe
