Investing Basics: Compound Interest [Get Started] | Phil Town

When interest is compounded, rather than paid linearly, the overall size of the investment grows exponentially faster. The effects are harder to see in the early years, but eventually, they become quite pronounced. In this video, I explain how compound interest works.

Take your first step in learning how to invest! Click the link above to learn the foundation of Rule #1 in 5 easy-to-follow lessons.

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Keeping Your 401k With Your Previous Employer – Is it Smart?

When you leave a company you have a lot of things to think about and your 401k should be of high importance. Deciding whether to rollover your 401k, where and when can take some time to sort out but is it smart to leave it with your previous employer in the meantime?

Roth IRA Conversion in 2010 – How to Make This Decision

The Roth conversion decision time is almost upon us. The pros and cons of doing it are now being widely circulated. But you still don’t know how to make this decision. The conversion tax creates a present day opportunity cost that may not be fully offset until the IRA is in the hands of your beneficiaries. This is still the most important factor to consider.

Rolling Over Your 401k to an IRA

Rolling over your 401k into an IRA can be a very good decision. Whether you have lost your job or you are just considering rolling your 401k plan over it can have many advantages. Many people agree that the downside of having a 401k account is that you cannot have a very big say in where your money is invested.

401K Deferral

A 401K deferral refers to the fact that the money you invest in your retirement plan is taken out of your income before taxes are taken out, which means you are putting off paying taxes on that money until you withdraw in retirement. There are both advantages and disadvantages to this, and you’ll want to look at what applies to you and your situation.

Roth IRA Conversions in 2010

Considerable attention has been paid to the window opening for Roth IRA conversions in 2010. Scheduled in a tax law enacted in May 2006, the rules on conversions will be opening up next month. Popular inquiry on the topic has increased. This article will address many of the opportunities and problems raised by expanded Roth IRA conversion options.