Star Money Articles and Carnivals for the Week of Jan 18
For weekday updates of what I find to be some of the most interesting personal finance articles on the web, follow me on Twitter.
And before I get to this week's roundup, I wanted to say that I have three giveaways going on right now. They are:
- A copy of H&R Block at Home (Formerly TaxCut)!
- A copy of You Need a Budget
- Access to Sound Mind Investing's website
Sign up using the links above if you'd like to win. And if you want access to winning a TON of prizes this year, sign up for my giveaway newsletter (February will give away $50 in a gift card, a box of personal finance books, and maybe more!).
And now, here are some pieces I found especially worthwhile and some of the carnivals Free Money Finance was in this week and my posts that were included:
- The Digerati Life asks who you trust.
- The Sun’s Financial Diary makes a case for higher taxes.
- Lazy Man and Money lists seven things to do to prepare for an emergency.
- FrugalDad talks about saving with a purpose.
- BripBlap asks if life is fair.
- My Dollar Plan covers the new car tax deduction.
- Money Smart Life lists tax return deadlines.
- Wise Bread covers flying with valuables.
- Smart Spending tells of one family's downsizing to help others.
- Money Hacks Carnival – More Couples Taking the Money Over the Wedding
- Festival of Frugality – Where You Live Has a Big Impact on Your Finances
- Carnival of Money Stories – What We Got for Christmas
- Carnival of Personal Finance – Five Ways to Save Big
- Carnival of the Road to Financial Independence – Asset Allocation and Investing Temperament the Sound Mind Investing Way (And Giveaway!)
Enjoy!
P.S. Carnival Hosts — If my post is in your carnival in a given week, please send me the URL to the carnival and I will include it in my weekly roundup.
Related Blogs
- Related Blogs on Star Money Articles and Carnivals for the Week of Jan 18
- Club Pictures
about 6 months ago
Try reading up blogs of users who write innovative life changing articles on saving money, managing finances, etc.
Please see the following websites:
- Excellent articles
- great starter blog on saving money
- this may sound like a scam, but if you get this guy's book, its worth every penny.
Overall in a nutsheel, just keep reading, gain knowledge and you should be leverage it to your benefit. And oh yes, before you do anything, please set up a Roth IRA for this year and pump in 5k in it before the tax season is up. This is the one immediate thing that can get you started to the path towards early retirement : )
about 5 months ago
as someone else earlier said…it would have to be a former employers 401k so you'd have to quit your job to do this.
Next thing to address would be if it makes sense to take a 30-35% tax hit (minimum) or instant loss on the return in order to invest in an item that over time will offer lower returns than your 401k. Not smart.
Last thing to consider would be how to make this up? If your 401k balance is over 185,000 then you won't be able to "make up" for this distribution. You can max out your contributions all you want and you won't be able to do it. Do the math…
I understand the desire to not make a house payment but if you can make your house payment and maximize your 401k at the same time then that's your best bet. Heck, if your account balance is over 185,000 then your better off stopping contributions and making that payment 100% to your mortgage then you are withdrawing your 401k and paying off the mortgage.
Bottom line is don't touch the principle!!!!
about 5 months ago
CPA Keith is right.
Suze Orman is non-biased on her financial information.
And she really breaks things down for everyone to understand.
Her older books go into more detail than Young, Rick & Fab. Broke. They are usually on sale at book stores b/c she has newer books out, but they are very informative.
Good luck!