401K-Returns

My Best Financial Move Of 2013

Year 2013 was a record year for the stock market. The S&P 500 returned 32.39% last year, including dividends. 2013 was an unusual year for my 401K. Even though I did not switch jobs, my 401K switched! With the new 401K came new funds and I did what any rational person would do. I decided […]

January 18, 2014 21
Laziness is my vice!

Laziness is my vice and I put it to good use!

If I were to meet my 20-something year old self, I would probably punch him in the face! Among other questionable activities, for not signing up for a 401k, for not opening a stock trading account in a ROTH and for not indexing. These are regrets I will carry for a long, long time. To […]

December 30, 2013 35
How to invest when you have very little to invest

How To Invest When You Have Very Little To Invest

I see similar questions being asked in investing forums all the time. Heck, at one point in my life, I pondered over this too! If you can afford to set aside just $100 every month towards investing, the most common advice given is not to invest at all, but save up till you have a […]

November 18, 2012 25
retirement-income-calc

Are You Saving Enough For Your Retirement?

You do the usual, contribute to your 401K, you max out your IRA, you save and invest every month what you think is a pretty decent amount. But, at the present rate, if you were to retire at 65, can you tell what your income would be? Most don’t have a clue! To be fair, […]

December 18, 2011 28
OLYMPUS DIGITAL CAMERA

HOWTO Do A 401K Rollover Correctly

On an average, a person will switch about 9 jobs during his working career. If he was lucky and smart, he probably enrolled in 401K plans when available. Now, if he didn’t bother consolidating his 401Ks, that’ll be 9 different accounts to remember at the time of retirement! When you decide to leave a company, […]

October 24, 2011 33
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No Income? You May Still Be Eligible To Contribute To An IRA! Here’s How…

IRAs are an excellent way to save for your retirement. It allows for tax-free growth and you have a variety of options on how best to invest the money. But IRAs have some requirements. You must be within income limits You must have an earned income equal to or greater than your contribution. What that […]

February 26, 2011 29
joint-roth

10 Most commonly asked questions on Roth IRA

1.Can I withdraw money from my Roth before retirement without penalties? Yes and no. Depending upon the context of the word ‘money’. See, money in a roth is not like money sitting in a bank account. There are two parts to it: What you contributed What’s the interest earned on your contribution also called distribution […]

April 24, 2010 6
Opening a fidelity roth ira account

Opening a Roth IRA account at Fidelity – A walkthrough

In my previous post I went through the process of deciding on a Roth IRA broker. I chose Fidelity. In this post, I’ll describe how my account opening experience with Fidelity was. I’ve put up a nice slideshow of the process, so you’ll get a picture of what’s involved. Browser I used Google’s Chrome browser […]

March 13, 2010 0
a bank that is better than ally and ingdirect moneycone finance

Where to open a Roth IRA account?

I recently opened a Roth IRA account. But the decision making process wasn’t an easy one! Here’s how I went about choosing a Roth IRA custodian. The most fundamental rule of smart investing is to keep taxes and expenses low. A Roth IRA account by its very nature is tax efficient like a 401K. But […]

March 12, 2010 1