SaveURRetirement.com

Dear, I want to make 1 guest post in your site, if...

2009-10-08T03:16:45.853-07:00

Dear,
I want to make 1 guest post in your site, if you permit me. The post contains 350 words above and it is totally unique as it is written by my content writers.

Please contact me at ericasmith568(at)gmail.com soon. Moreover, I will place your link in one of my finance sites.

regards,
Erica Smith

Now there’s a talk going on about people convertin...

2009-09-03T03:12:53.084-07:00

Now there’s a talk going on about people converting their IRAs into Roth Individual Retirement Account. Roth Ira is the best for the people who are on the right side of age, because the Roth IRA allows for tax waiver. You can always compare between the pros and cons of a Roth IRA account and a normal IRA account and then decide upon it.

I just got laid off from my work and decided to ta...

2009-04-08T17:00:10.307-07:00

I just got laid off from my work and decided to take a sabatical for a few months. I have a 401k from my work that I would like to rollover into an IRA. Is this a good idea?

A common mistake a lot of retirees make is withdra...

2009-04-08T16:53:59.158-07:00

A common mistake a lot of retirees make is withdrawing a lump sum of money from their IRA/401(k) just because the penalties no longer apply to them over the age of 59 1/2. You have to realize that contributions you made to your 401(k) are most likely pre-tax dollars. Therefore, when you withdraw that money, it becomes regular income to you. Depending on your current tax bracket, withdrawing a lump sum of money from your 401(k) may bring you up to a higher tax bracket thereby defeating the tax savings you earned over the many years you contributed to the 401(k). At this point, you need to assess if it's worth paying off a mortgage that could possibly be tax deductible to you. There are other strategies you can use to optimize your retirement income without having to withdraw a lump sum from your 401(k) and minimize your taxes, but you will have to consult with a qualified financial planner to help you with those strategies. The money you can save by consulting with a professional could be quite substantial.

I am 61 years old with a balance of about $230,000...

2009-04-06T18:53:06.815-07:00

I am 61 years old with a balance of about $230,000 on my mortgage. I also have about $700,000 in my 401k and I hope to retire soon. Since I am over 59.5 years old, I know there is no penalty to withdraw my 401k. Is it a good idea to use my 401k to pay off my mortgage?