401(K)

7 Money Mistakes to Avoid

Posted on May 21, 2008. Filed under: 401(K), Credit and Debt |

I found this on USAA.com some time ago, and continue reading it repeatedly. We all have done (or are still doing) at least one of these things. This list is really a goal checklist for me and my financial freedom. Hopefully, one day I will have every single of these things in the “Already taken [...]

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Company 401(K) - why I WON’T be contributing

Posted on November 27, 2007. Filed under: 401(K) |

So upon reading all the paperwork that came in the mail for new hires, I found out that my new company offers a 401(K) after 6 months of service - and they match 30 cents to the dollar, up to 10% of your income. Cool right? Wrong!Just got an email from HR today on the [...]

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Cashing out $9K 401(K) would cost me $415,000

Posted on October 19, 2007. Filed under: 401(K), Credit Scores, Credit and Debt |

I was considering cashing out my modest 401(K) rollover to put exclusively toward credit card debt (10% APR or less) when I decided to jump online and check out just how much it would cost me in the long run.
According to my nifty Excel calculator, if I left that money alone and never contributed another penny [...]

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Savings and Retirement: Set It and Forget it!

Posted on August 15, 2007. Filed under: 401(K), CC Debt Progress, Emergency Fund, Roth IRAs |

So with my newfound knowlege about Emergency Funds since being laid off, I’ve already come up with a new plan on what to do with my next paycheck (as soon as I figure out where that is.)
First of all, let’s talk about what I was doing wrong. As I said earlier this year, my goals were Roth [...]

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#1 Reason for an Emergency Fund

Posted on August 2, 2007. Filed under: 401(K), Emergency Fund |

Layoffs.
That’s right. My blog just got a lot more interesting. I’ve discussed credit card debt, 401Ks, Roth IRAs, mortgage balances, but never an Emergency Fund.
Why?

I thought my available balances on my credit cards could always serve as a cushion.
I could always use my Roth IRA as well. That way I could still contribute to it [...]

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    Personal finance under 30 - for those on a single income. Watch me as I strive to consolidate and simplify my [financial] life.

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