Best Personal Finance Blog Articles of 2012: Week 44
It’s a good time to start thinking about contribution amounts for next years IRAs. Here’s a quick strategy to funding your retirement accounts:
- If you receive a match, contribute enough into your 401(k), 457, TSP to get the match. Same strategy if you have access to a Roth version of these types of accounts. If you don’t get a match, skip to step 2.
- Max out your Roth IRA.
- If you are able to max out your Roth IRA and can contribute more, go back to your employer sponsored plan. Increase the contribution as much as you can afford – until you can max it out.
Consumerism Commentary: 401(k) Contribution Limits for 2013 With open enrollment season upon us, it’s a good time to start thinking about increasing contributions to your employer sponsored retirement plans. You should also take a look at your portfolios to re-balance the holdings to match your allocations and see if your funds are staying true to their indexes or strategies.
Credit Karma Blog: Hurricane Sandy Aftermath: How to Spot Charity and Home Repair Scams After any natural disaster, it seems like there are hundreds of swindlers that pop up and try to take advantage of people are in need. It’s important that you vet any charity or contractor any time you plan on giving or doing home repairs.
Five Cent Nickel: Best 529 Plans – 2012 Edition A recap of Morningstar’s rundown of the best 529 plans. From my research, the Utah one is the best one out there right now. They have Vanguard funds as investment choices, and for some reason – the fees are lower than the same funds in the Vanguard 529
Good Finance Cents: Can You Borrow From an IRA Without Penalty? Don’t take money out of your IRA until you’re retired. Just don’t do it!
PT Money: IncomeAtHome.com – Solid Plan or Total Scam? I’ve only seen the commercial for this get rich quick “business” once. Want to know what it really is about?
The Dough Roller: 401k and IRA Contribution and Deduction Limits for 2013 A little bit more detail on increased contribution limits and income limits for 401k and IRAs.
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