Don’t Forget Your 401(k) When You Leave Your Job! Here’s What You Can Do With It

What to do with your 401(k) when you leave your job.

A 401(k) plan is an awesome vehicle to save for retirement!  

You get to lower your tax basis (the income you get taxed on).  You might get a great company match… What’s not to like?

But what do you do with your 401(k) if you leave your job? 

Do you take the 401(k) with you?  Where do you put it?  Should you leave it?

You have some choices for your 401(k) which I’ll outline for you below:

Choices For Your 401(k) When You Leave Your Job

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Grow Your Dough Throwdown Update – February End – It’s Growing!

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It’s awesome when you see your investments going up!

It’s the kind of feeling that makes you feel powerful; invincible even.

And when your investments go down you feel a pit of despair in your stomach.  “Please go back up some so I can sell and I’ll never invest like that again,” you plead to the investment deities.

Of course this is all good reason you should carefully invest.  It’s not hard to do but if you don’t have the stomach to see your investments fall in value then you’re better off investing in broad sectors (like the S&P 500 or all stocks).  Honestly, most people aren’t that great at picking stocks so your best long-term plan is to stick to sector funds and ETFs.  And even then you might not want to look at your picks too often.

About a month and a half ago I jumped into the Grow Your Dough investment challenge.

This challenge pits a growing number of personal finance writers against each other for a year to invest $1,000 and see whose investments would come out on top.

I chose to pick individual stocks.

If you take a look at the other people in the competition you’ll see a number of different investing strategies.  It’s pretty cool to see how everyone interpreted the challenge.
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How to Spend Your Income Tax Refund – 25 Ideas

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Are you getting a big IRS income tax refund?

It’s always nice to get a nice chunk of change coming back to you, isn’t it?

But what will you be doing with your income tax refund?

I’m not always fond of looking forward to a large refund but they do happen and I know some people love getting them.  If you are getting a large income tax refund then at least put some thought into how you are going to use that money.

Having money in the bank is a great thing and when it’s a sizable amount you can really make some differences with your finances.

I came up with some ideas for a large income tax refund.  I’ve broken it out into different sections to make it easier for you to find something of interest.  Make sure to read through to the end and add your suggestion in the comments!

25 Ideas for Your Income Tax Refund

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Don’t Be Late! Federal Income Tax Due Dates to File Taxes for 2014

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We’re now into that time the year that accountants and other tax preparers refer to as “tax season.”

For the rest of us it’s panic season.

We scramble to get together our tax documents and hope that we won’t have to pay taxes.

How many of you have filed your return the day it was due?  I’m raising my hand (not easy to type like that).

Stressful, isn’t it?

Add to the stress the fact that not everyone files taxes the same.  Some are individual filers while others file as self-employed.  Corporations file taxes too (and they have a different due date).

But the tax deadlines aren’t all the same in every case.  It’s enough to make your head spin, wondering “when are the tax due dates for my taxes?”

Below you will find Federal Income Tax deadlines for 2014.  Use these due dates to your advantage and plan enough time to prepare your taxes before they are due. Continue Reading

Why Getting a Large Tax Refund is Bad

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The stress of doing your taxes is over.

You filed all of your forms and to your joy you’re getting back a tax refund.  And it’s a nice sized one too!

It’s awesome, right?

Not so fast.

Getting a lump sum payout after filing your taxes feels great.  But I’m going to show you that it may not be as great as you think.  There are better ways you can use your money (and it is your money).

Read on as I tell you why a large tax refund is bad. Continue Reading

Where Can I Get IRS Tax Forms (or Where Can I File Free)?

Where can I get tax forms?

Remember when you used to get a package of small booklets in the mail at the beginning of the year?  

They had those real thin pages, like newspaper and there would be official computer forms included.

Well those packets, your IRS 1040 tax forms for the previous year, haven’t been mailed out since 2011.

According to the IRS, fewer and fewer taxpayers have been receiving tax packages in the mail in recent years.  In fact, in 2010 only 8 percent of individuals who files taxes received tax forms in the mail.

Wow, have times changed!
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Quicken 2014 Deluxe for Windows Giveaway

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Not long ago we told you about the awesomeness that is Quicken Deluxe.

It’s a great bit of software that helps you track your money and create budgets (among other things).  If you’re looking to better understand your money then Quicken is one of the programs you need to check out.

Why am I telling you this?

I was given a promo code for a free copy of Quicken Deluxe 2014 to give to one of my excellent readers!  That could be you! Continue Reading

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