Archive for September, 2010

Where does the money go if you invest in a 401K?If you gave money to somebody to invest in their?

Wednesday, September 29th, 2010
Seabiscuit asked:


401K because they have a investment match program with the company they work for, is this a good strategy and is this legal? If say hypothetically you gave them 200k and they recieve it freom you as the one time tax right off on the GW Bush gift tax right off program, and they invested in their 401k, is this something that is wise and OK?

Auto Parts
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

Should I keep contributing to my companies 401k if they do not match?

Wednesday, September 8th, 2010
asked:


I have been investing in my companies 401k for the last couple years but they do not match. Would it be wiser to roll that money into an IRA with my bank? I am
27 and want to put my money somewhere that it will grow.
Thanks for any advice!!

Lumbar Support Brace
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

Can a morgage company come after your 401k if it goes unpaid through a short sale?

Thursday, September 2nd, 2010
Di asked:


We are looking to purchase a home through a short sale and the sellers are concerned that if their second morgage gets nothing in the sale that they can come after her husbands 401k.

Graduate Student Loan
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google