Daily Archives: May 2, 2006
Lose Job And Move IRA Money
When you lose your job or get laid off you may have retirement money in a company account. When you no longer work for that company you likely have to move your money from a company IRA or 401(k) plan to another retirement vehicle such as a traditional IRA. How can you find the right rollover IRA to meet your needs?
Debt Reduction By Paying Off Higher Interest Loans
The best way to decide which loans to pay off first and reduce debt is to look at the interest rates. Student loans usually have lower interest rates than car loans and are partially tax-deductible. If you have extra money at the end of each month, pay off the highest interest loans first and pay as much into your retirement accounts as you possibly can.
Buying Bonds When Retired
A retiree is considering buying bonds for income. He is thinking about municipal bonds to avoid paying taxes on the interest earned. With interest rates on the rise, are bonds still a good investment?
