Fidelity Investments reported that the average balance of a 401(k) account grew to a record $77,300 at the end of 2012. This is an 11.87% increase from 2011′s average 401(k) balance of $69,100. Further, Fidelity says participants saved an average of 8% of their annual salary. When employer contributions (matching) is included, the amount increased [...]
Read More» Posted by LongThe deadline to switch from paper checks to electronic payments, or direct deposit, for payments of Social Security, VA, or other federal benefits from the U.S. Treasury is by March 1, 2013. The mandatory change is expected to save taxpayers $120 million a year. Recipients, or those who will be applying for federal benefits soon, [...]
Read More» Posted by LongI recently installed the Feedly extension for Google Chrome to help manage the many blogs I try to keep up with. It’s made discovering new blogs easier and the layout is simple, yet gorgeous. If you use Chrome as your primary browser, I highly recommend it. The Empowered Dollar: When You’ve Lost Your Stride… Stop. Breathe. [...]
Read More» Posted by LongI have to admit, I was pretty skeptical about The 4-Hour Workweek (4HWW) when I picked it up. I figured it was going to be a gimmicky book on how to make money fast and easily on the internet. In fact, some of the book is about that particular topic. However, I found that I did [...]
Read More» Posted by LongThe Monthly vs. Annual lump-sum IRA contribution timing experiment January 2013 update. Annual Contribution Roth IRA Fund Shares Price Cost Basis Market Value Gain/Loss Gain/Loss % VTSMX 200.94 37.60 6,852.18 7,555.31 703.13 10.26 VGTSX 185.04 15.48 2,652.61 2,864.38 211.77 7.98 VBMFX 102.38 10.99 1,128.77 1,125.19 -3.58 -0.32 Totals: 10,633.56 11,544.88 911.32 8.57 Account Summary : 01/01/2013 [...]
Read More» Posted by LongIt’s been a long time since I’ve spent any time commenting on other blogs and featuring great articles here on mine, so I figured that I’d get into the habit of doing it again. Money Crashers: The Myths of TLC’s “Extreme Couponing” – How Couponing Really Works Fake deals and an overdose of processed foods? It can’t [...]
Read More» Posted by Long