Prosperity Trek by Prosperity Concierge » Retirement Accounts

Net Worth: Save From Income

Prosperity Concierge — Fri, 08 Jul 2011 22:08:37 +0000

The terrain: Prosperity Quadrant II (positive cash flow; negative net worth). The trek: To build net worth. This activity on the trek: Explore how to save from income. Difficulty rating: Easy

This portion of the trek has activities to save from income.

Activities to Save From Income get the 401(k) match from your employer

Related Activities and Side Trips Career Development Establish your Savings

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Trek III: Invest in Traditional IRA

Prosperity Concierge — Mon, 21 Sep 2009 16:38:07 +0000

Investors that have high incomes and don’t qualify for a deductible IRA or a Roth IRA are allowed to open a nondeductible IRA instead. The earnings are tax-deferred – not tax-free as they are in a Roth.

A nondeductible IRA can make sense if you think you can convert the funds to a Roth IRA in

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Trek III: Invest in 401(k) Non-Match

Prosperity Concierge — Sun, 20 Sep 2009 20:40:08 +0000

In an earlier step you began contributing to your 401(k) to get the maximum employer match, if your employer offers it. Now, we’re going to focus on the benefits and strategies for contributing additional funds to the 401(k).

When you compare the percentage of your salary that your employer matches with the maximum contribution that you

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Trek II: Invest in 401(k) Non-Match

Prosperity Concierge — Sun, 20 Sep 2009 20:36:51 +0000

In an earlier step you began contributing to your 401(k) plan to get the maximum employer match, if your employer offers it. Now, we’re going to focus on the benefits and strategies for contributing additional funds to the 401(k).

When you compare the percentage of your salary that your employer matches with the maximum contribution that

Continue reading Trek II: Invest in 401(k) Non-Match

Wealth and Prosperity: Save From Income: Fund a Roth IRA

Prosperity Concierge — Thu, 17 Sep 2009 17:44:23 +0000

The terrain: Prosperity Quadrant III (positive cash flow; positive net worth). The trek: To build wealth and use prosperity to enjoy life and give back. This activity on the trek: Fund a Roth IRA if you are eligible. Steps you should complete before beginning this step: Get the 401(k) match, Improve Your Credit Score Difficulty rating: Moderate

This activity follows

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Net Worth: Save From Income: Fund a Roth IRA

Prosperity Concierge — Thu, 17 Sep 2009 17:25:23 +0000

The terrain: Prosperity Quadrant II (positive cash flow; negative net worth). The trek: To build net worth. This activity on the trek: Fund a Roth IRA if you are eligible. Steps you should complete before beginning this step: Get the 401(k) match, Improve Your Credit Score Difficulty rating: Moderate

This activity follows an earlier activity that gets a 401(k) match

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Wealth and Prosperity: Save From Income: Get the 401(k) Match

Prosperity Concierge — Sat, 11 Jul 2009 18:39:39 +0000

The terrain: Prosperity Quadrant III (positive cash flow; positive net worth). The trek: To build wealth and use prosperity to enjoy life and give back. This activity on the trek: Get the 401(k) match from your employer if your employer offers a 401(k) and provides a matching contribution. Difficulty rating: Easy to Moderate

If your employer offers a 401(k)

Continue reading Wealth and Prosperity: Save From Income: Get the 401(k) Match

Net Worth: Save From Income: Get the 401(k) Match

Prosperity Concierge — Sat, 11 Jul 2009 18:25:51 +0000

The terrain: Prosperity Quadrant II (positive cash flow; negative net worth). The trek: To build net worth. This activity on the trek: Get the 401(k) match from your employer if your employer offers a 401(k) and provides a matching contribution. Difficulty rating: Easy to Moderate

If your employer offers a 401(k) plan and provides a matching contribution up to

Continue reading Net Worth: Save From Income: Get the 401(k) Match