MYM Mailbag # 3
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I participate in my companies 401(k) and I am confused if I will pay taxes on the entire amount I withdrawal when I retire, or just the earnings? – Jason
The entire amount, including earnings, will be [...]
Stop Paying Taxes on Work Bonuses—Legally
Christmas is around the corner and for many, this means it’s time for the annual work bonus. If you work for a publicly traded company, I hope your bonus is not tied to your stock price, or you might owe your company! What is the best way to handle a bonus? Save it? Blow it? [...]
Markets Tumble, Surpassing Records Set During the Depression
Wow. The Dow Jones had its worst week in its 112-year history, even passing records set during the Great Depression. The S&P 500 had its worst week in 75-years, falling 39 percent since Jan. 1, 2008. Have we finally hit the bottom? Are more turbulent times ahead of us? How can it possibly get any [...]
Stock Market Trading at a Seven Year Discount
What if I could offer you the rare opportunity travel back in time seven years and allow you to purchase stocks, mutual funds, index funds or whatever type of security you want? Would you do it? I hope you would! Well guess what? Unfortunately, no time machine is needed. As of today, the market is [...]
Invest in Your Companies Stock Carefully
The fall of stocks such as Bear Stearns and Fannie/Freddie, have taught us not to overlook one of the most common elements of sound investing—diversification. Unlike traditional pensions and 401(k) match programs, some publicly traded companies will offer shares to employees as part of their retirement plan. Participating in such a program has many benefits, [...]
