Archive for June, 2008

Am I able to qualify for a deductible IRA if the only retirement plan my company offers is a 401K?

Saturday, June 21st, 2008

russelli asked: My question concerns only a fully deductible IRA, and the confusion over the IRS wording “to quality….you must not be eligible to participate in a company retirement plan”. My company does not offer a pension plan , but does offer a 401k plan, so does that disqualify me from a deductible IRA ? [...]

Planning retirement.need suggestions on how to eliminate truck payment?

Sunday, June 15th, 2008

bugear001 asked: I have a truck payment of $574. I owe $21K and the truck is worth $18.5K. Are there any options for me other than paying the note down to the 18.5K and selling, or letting it go back to the finance company?Jorge

what is the difference between a 403b and a 401k retirement plan?

Saturday, June 14th, 2008

wes asked: I recently remembered about a retirement account from a former employer. it is described as a 403b (tsa) pension plan.Jane

For people planning retirement: What is for you either appealing, or scaring, about retiring in Mexico?

Monday, June 2nd, 2008

Mr_MAD asked: And how important is for you a location by the sea? Would you consider to retire in an inner mexican city?Wayne