We haven’t even gotten through this crisis yet, and we have another one on the way? Seriously? That’s what John Bogle–the founder of Vanguard and the creator of the first index fund–would have us believe. And, distressingly enough, the case he makes is pretty convincing. Last month, Bogle testified before the House of Representatives about […]
With foreclosure rates sky rocketing and no end in sight, banks are much more willing to negotiate with homeowners on the specifics of their mortgages. These days, “loan modification” have almost become an industry by itself as banks allocate more and more resources to work on this. Sparked by all the news surround it, a […]
After weeks of waiting and calling everyone to do their part of the process, I finally got my 401k moved over this week. During this time, I realized a few important facts about the 401k offered by my employer. The employer match will not be fully vested until my 10th year of employment (it starts […]
I was speaking to a representative at Wells Fargo today when she pushed their Market Linked Certificate of Deposit (MLCD). To be honest, I knew nothing about it so I did a little research. How It Works Basically, Market Linked CDs are like traditional CDs but instead of a fixed interest rate, the CD’s returns […]
Now that I decided to roll my 401k into a traditional IRA, the next step is to figure out the company that I should roll the money into. As the funds will likely remain in the same place until I’m past 60 years old, it is a decision that I should carefully […]
Now that I plan to quit my job and pursue my own business, it’s time to look into how I should handle my current 401k account once I leave the company. As I don’t have a huge 401k account balance, the penalty if I don’t do anything will be relatively small but this doesn’t mean […]
