Sunday, October 5, 2008

Personal Finance Market Newsletter: 401k Limit

Getting a personal finance market newsletter market newsletter is something we should all take advantage of. By receiving a personal finance related market newsletter, we are able to stay up to date on matters that not only affect the markets, but pertinent personal finance issues.

The Internet has made it very easy to receive either stock market newsletters or personal finance information. In the past, we'd have to subscribe to newsletters that we were interested in. This came at a cost, the cost being time and monetary. We'd have to wait for it to arrive in the mail. Depending on our location it could take upwards of week to receive. In today's markets, a week is an eternity. The World Wide Web allows for instantaneous delivery, providing fresh news when it matters. You can find a number of personal finance or stock market related newsletters available for free. Doing a simple Google search can reveal the market newsletter that fits your criteria. By simply submitting an opt in e-mail address you are signed up and ready to go.

Getting a stock market newsletter is great, you get stock picks and sometimes good market advice. This is great, but you should also think about getting a newsletter delivered that relates to personal finance issues, if you haven't already. Staying abreast on issues as they relate to personal finance is really an important thing to do. Personal finance issues are constantly changing, and these changes don't always make headlines in the standard press. These personal finance issues are extremely important to the workings of our personal financial planning matters.

A good example of the changing factors as that relate to our personal finance issues are often tax related. Tax code is constantly changing, and it's really difficult to stay on top of at times. You can't just rely on your CPA's advice. You need to stay updated on changes so that there are no big surprises for your CPA. Generally, it is a good idea to know which tax bracket you are in, so that he can plan accordingly. Your tax bracket will most certainly change from year to year. Another personal finance issue is the constant changing of qualified accounts. Your 401k limit changes every year. You'll want to be on top of this, as you'll want to take advantage of the maximum 401k limit. There are also other issues that affect your retirement account that you should be made aware of. If you are above the 55-year-old catch-up provision, for example, your 401k limit will even be higher. It's these types of things that allow you to take full advantage of every tool available to you, by staying regularly updated.

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