Monday, September 17, 2012
Roth Plans
A Roth IRA or Roth 401(k) (if your employer offers this option) is a very attractive option, particularly if you are young or your income is otherwise low. Contributions to a Roth plan do not get a tax deduction at the time of contribution, but as long as you meet the withdrawal rules, the money that you put in the plan, plus the growth and income, are never taxed again!
Credit Cards, Again?
They're Back!
Many of you are starting to get a slew of credit card offers, again. If you are carrying balances with a high interest rate, now is a good time to look around. I have seen several 0% interest balance transfer offers, and even one of those offers has NO FEES.
I need to make one important point here ... if you take one of these offers, use it as an opportunity to pay down debt, NOT as an excuse to expand your debt. High interest rates make it hard to reduce your balance; 0% interest gives you a chance to make some real progress.
Many of you are starting to get a slew of credit card offers, again. If you are carrying balances with a high interest rate, now is a good time to look around. I have seen several 0% interest balance transfer offers, and even one of those offers has NO FEES.
I need to make one important point here ... if you take one of these offers, use it as an opportunity to pay down debt, NOT as an excuse to expand your debt. High interest rates make it hard to reduce your balance; 0% interest gives you a chance to make some real progress.
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