Monthly Archives: March, 2008
5 Questions To Ask Your Creditors When Making Debt Reduction Payments
When making ‘extra’ debt payments, be sure that you understand the ‘policies and procedures’ that your creditors have implemented. Call your creditors and ask – 1. If I send in a payment amount that is ‘above’ my ‘minimum payment’ – how will that payment be handled? This is a very important question. Certain creditors will [...]
How Much Does It Cost, Per Month, To Fully-Fund Various Retirement Accounts?
I’ve been doing a few calculations – figuring out how much it costs, per month, to fully-fund various retirement accounts. 401(k) and 403(b) plans – (Contribution limits are for those under 50. Certain plans offer ‘catchup contributions’ for those over 50.) Contribution limits for 2008 – $15,500 Contributions can be made for income earned January [...]
What I Have Learned From Watching Television Shopping Networks
A few nights ago, I couldn’t fall asleep. So, I got out of bed and did a little ‘channel surfing’. Between reruns of Sports Center and The Andy Griffith Show, I spent a few hours watching a couple of ‘television shopping networks’. Now, I’m hooked. Not on the products – but on the way that [...]
Questions And Answers About Debt Reduction – Should I Cash Out My 401(k) To Pay Off Debt
Should I Cash Out My 401(k) To Pay Off Debt? Under most circumstances, if you cash out your 401(k), you will have to pay federal, state, and local income tax. You will also owe an early withdrawal penalty – 10% – if you are under the age of 59 1/2. In almost every case, for [...]
