Tuesday, July 24, 2007
5 Mistakes That Can Tax Your 401(k)
These day’s it is essential to put into a 401(k), or some other type of retirement plan, if you want to be able to comfortably retire. The problem, however, is that people don’t take the time or effort to fully understand their plan to ensure maximum benefits. "Too many workers set up their 401(k) plan and then just forget about it," claims Glenn Kautt, a financial planner. USA Today.com has an interesting article on the five most common mistakes people make with their 401(k) that can result in a tax liability. The five mistakes include: rejecting free money, loading up on company stock, chasing performance, investing too conservatively, and failing to fine-tune.
Labels:
401(k),
401k,
advice,
information,
retirement,
tax,
tax credits,
taxes,
usa
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2007
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July
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- IRS to Begin Increasing Amount of Audits
- Group of Tax-Exempt Firms Owe Over $1B in Taxes
- New Audi R8 Spider Sketch
- 5 Mistakes That Can Tax Your 401(k)
- New IRS Electronic PIN Signature Requirement
- National Taxpayer Advocate Releases Report on Tax ...
- U.S. Honda Open of Surfing Begins
- New Ferrari F430 Scuderia Announced
- Roni Deutch Tax Center Offering Incentive To Veterans
- Largest Tax Fraud Case Ever Thrown Out
- IRS Claims Electronic Excise Tax Filing Is Coming
- Courts Decided, Mental Anguish Awards Are Taxable
- Congress to IRS, Conduct More Audits!
- California Lawmaker Pushes For Sex Tax
- New Tax Foundation Newsletter
- Bugatti Veyron at the 2007 Prescott Hill Climb
- Revised Innocent Spouse Form
- Most States Not Raising Gas Taxes
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