Year End Retirement Funding: The Moment of Truth Approaches

Many of us still have an important personal finance decision to make this year:  Whether and how to fully fund our IRA’s and/or 401(k) for 2008.  (Mr. ToughMoneyLove has already maxed out our 401(k) funding but re-balancing and non-deductible IRA funding are still decisions in process.) 

Actually, 2008 IRA funding can be deferred until you file your 2008 tax return.  But either way, a decision must be made very soon and plans made for that funding.  This is something I have been thinking about for a number of weeks, because I have a substantial cash-equivalent position in my 401(k) that is poised for use in a re-balancing move.  I had planned since last November (my last re-balancing) to execute another re-balancing this month. Read more