From the monthly archives:

December 2009

2010 Retirement Account Contribution Limits

December 23, 2009

The 401k elective deferral limits for 2010 are the same as the 2009 limits. For the 2010 Tax year you can contribute up to $16,500 to a traditional 401k and up to $11,500 to a SIMPLE 401k. If you are over 50 catch up contributions can be made to either plan in the amounts of […]

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Understanding Social Security

December 22, 2009
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Social Security was created by Franklin Delano Roosevelt during the great depression. The true name of Social Security is the Old Age, Survivors, and Disability Insurance Program. It was designed as a safety net for the old, widowed, and disabled during a time when everyone had to fend for themselves and these groups were typically […]

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Stupidity Is Costly

December 21, 2009

Guess who has to pay out over $700 this month for being a complete and total moron. ME! That is right folks I F’d up in a hard way yet again in my life.0 It just goes to show you that letting your guard down when a salesman comes to your door is bad news.  […]

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Friday Finance Followers – Happy Holidays Edition

December 18, 2009

Well it is Friday and exactly 7 days from today little kids all over the world are going to be tearing through wrapping paper like there is no tomorrow. I remember many a sleepless night waiting up to hear Santa and his Reindeer. We would wake up at 4am ready to go only to be […]

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The Foreclosure Process

December 17, 2009
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The foreclosure procedures differ from state to state, however there are some commonalities which can be discussed. Foreclosure is the process by which a lender regains ownership of your property after you fail to make payment. This process allows the lender to recoup their loan amount through the sale of your property. One thing to […]

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