Entries Tagged as 'IRA'

My IRA: goodbye Fidelity, hello ThinkOrSwim

October 3rd, 2009 · 4 Comments

As you might gather from reading this blog, I’ve been doing lots of research into options and options trading strategies. I’ve just recently decided that it was time to position myself for the next step: putting what I’ve learned into use on more of my family’s investments. A large chunk of our portfolio is in Fidelity IRAs, so for me, this meant completing the paperwork to move over to one of them to a ThinkOrSwim IRA.

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Tags: Brokerage · IRA

Trading large cap US mutual funds for individual company stocks

January 31st, 2009 · No Comments

I write a lot about our plans and strategies to reach “geographic independence”, but it is important to keep in mind that we’re also simultaneously pursuing a “traditional” retirement plan. That is, investing in our 401k and IRA options for asset and income growth. This past week my wife and I talked and we agreed to make some changes in those accounts.

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Tags: Equities · Investing · IRA

How do changes in income effect a retirement savings rate?

January 2nd, 2009 · No Comments

I recently posted a numerical analysis that determined a retirement savings rate based on the goal that spendable income did not drop upon entering retirement. There were necessarily many assumptions that went in to this analysis, but a reader named RedG3 asked specifically about one of them: how do changes in income during working years effect that rate? I’ve been thinking through how to answer RedG3 for the last two days. That’s long enough that I figured it’s time to put some thoughts down and see what he, or others, might have to say back.

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Tags: 401k · IRA · Personal Finance · Savings

What percentage of my income should go toward savings?

December 29th, 2008 · 2 Comments

A friend of mine recently asked my thoughts about what percentage of earned income should go towards savings, which I presumed to mean for retirement savings. I gave him an instantaneous answer (10%) without putting too much thought behind it beyond a consideration that he was young and anything more was unlikely to be achieved. However, I think this question deserves a bit deeper of an answer.

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Tags: 401k · IRA · Personal Finance · Savings

Retirement account contribution limits going up in 2009

December 6th, 2008 · 1 Comment

Did you know that the IRS has announced an increase in contribution limits to retirement accounts for the tax year 2009? I recently discovered this while working on a budget for next year to help us hit our geographic independence goal, but have noticed news of it isn’t widespread.

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Tags: 401k · IRA · Taxes

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