One of the new Roth's significant benefits: When you withdraw money at age 59 1/2 or later, its earnings in interest will be tax free. With a regular 401(k) the interest is taxed. Other features: * Investments are made with after-tax dollars. * Anyone at any income level can invest in the new Roth. * People who are age 50 or older by the end of 2006 can take advantage of … [Read more...]
Get financial savvy through free educational sites
Most of us are not wise about financial matters. We don't know how to judge which stocks will be profitable, whether we should invest in bonds, or what the financial interests are of those who say they will give us the answers. Knowledge is our best defense against bad advice, according to the Consumer Federation of America. Investing Your government has free help available. At … [Read more...]
How to get your rebate: Do it right, do it now
If you bought your lawn mower, paint, or computer but never got the promised rebate, you are one of many. The Federal Trade Commission reports that "the problem is huge." It may appear that the main function of rebate processors is to find a reason to deny the money-back offer. Rules are often so complicated and vague that most customers don't even bother. Rebate complaints … [Read more...]
Stamps Increasing by One Cent to 42¢ on May 12
The price for a one-ounce First-Class stamp will increase from 41 to 42 cents on May 12.Prices for other mailing services, such as Standard Mail, Periodicals, Package Services (including single-piece Parcel Post), and Special Services will also change (see chart below). The average increase by class of mail is at or below the rate of inflation as measured by the Consumer Price … [Read more...]
Credit cards that offer rewards have an upside, downside
   Credit-card companies are offering rewards for your loyalty. You can get 1 percent, 3 percent, and in some cases a 5 percent reward for certain kinds of purchases. Cards that offer more rewards points have higher interest rates and may have annual fees. But using them means you can get closer to earning your airplane ticket or TV. That's the upside. If you don't pay … [Read more...]