Category Archives: Retirement

Why You CAN Afford to Contribute to Your 401(k)

Why you CAN afford to contribute to your 401k

If you work for a company that offers a 401(k) plan, you can almost certainly afford to contribute to the plan. Yes, you.

I know, it can be easy to think that you can’t afford to contribute, what with all the bills and whatever else is going on in your life right now, but you probably can.

And you almost certainly should, if your company offers a match. (At least up to the match amount, if possible.) » Read more

Using a Self-Directed IRA to Invest in Real Estate

Buying a house in an IRA?I’ve been itching to invest in real estate for a while now, but have been holding off because I intend to pay cash. It occurred to me recently that I might be able to do so faster through a self-directed IRA.

What’s a self-directed IRA, you may ask? As the phrase implies, it’s an IRA that you’re the decision-maker on. (As opposed to having a broker or bank manage your IRA investments for you.)

So could it be a good idea to invest in real estate within self-directed IRA? Maybe. » Read more

4 Good Reasons Not to Raid Your 401k

If you’re thinking of withdrawing or borrowing money from a 401(k) to pay for something you want to buy — or even to get out of debt — think again first. And then again and again, because there are some very good reasons not to raid your 401k account early. (Yes, even if you intend to put that money back or are planning to use it for something “good”.)

In a nutshell, retirement money should be for retirement — and nothing else. Doing anything else with that money is like shooting yourself in the foot and then expecting to win a race. Even if it weren’t, there are still 4 very good reasons not to raid your 401k. » Read more

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