Jan 20

At Neal Frankle’s Wealth Pilgrim a great article Should You Contribute to a 401k or Not? Nothing is perfect, the 401(k) being no exception. Neal offers a numbers of pros and cons to help you decide if this account is right for you.

Next, at Retire by 40, some advice on How to Start Contributing to a Roth IRA. The Roth offers a unique opportunity, the flip side of the Tradition IRA or 401(k), providing no tax deduction on deposit, but no tax due at the time of withdrawal.

At Budgets are Sexy, J Money asked My New Refinancing Idea: Brilliant or Stupid? A bit convoluted, but J is a bit underwater on his house and strategizing on how to refinance and lower his mortgage rate. J is in the classic middle, high rate, under water, yet too ethical to walk away. Too bad the banks can’t find a way to help people like this, it would be the right thing to do, in both senses.

jacklew

Miranda guest posted at Bargaineering sharing with readers What’s Next for the AMT. The AMT permanent fix was a long time coming, and in this article, Miranda shares the details.

Set aside extra time, you’ll want to read every word of Peter’s post at Bible Money Matters, How To Save Money On Just About All Of Your Regular Monthly Bills. Use just a few of Pete’s suggestions, and the savings will add up fast.

We’ll close this week with a Shocking Tax Fact: Claim This One Tax Credit and The IRS Will Almost Certainly Audit You. I’m not one for spoilers, but I’ll share that it’s not an uncommon credit, in fact, I’ve written about it on occasion. Yes, I was shocked to read this.

Above image is the signature our currency will soon have if Jack Lew doesn’t take a quick penmanship lesson.

written by Joe

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