Archive for July, 2009

‘Soft inquiry’ won’t hurt credit score

Wednesday, July 8th, 2009

Soft inquiry wont hurt credit score

Dear Dr. Don,
If your current credit card provider does a soft inquiry on your credit report, does it show up on your report’s credit history like your own inquiries?
Dee Details

Soft inquiry wont hurt credit score

Dear Dee,
The difference between a hard inquiry and a soft inquiry on your credit report is the difference between applying for credit and having your credit monitored. (more…)

Roth IRA beats 401(k) in key ways

Sunday, July 5th, 2009

Roth IRA beats 401(k) in key ways

Dear Dr. Don,
I am 24 and put 10 percent of my income into my 401(k). If my company does not match my 401(k) contribution, am I better off contributing that money to a Roth IRA?
Regina Retirement

Roth IRA beats 401(k) in key ways

Dear Regina,
Your ability to contribute to a Roth IRA account in 2008 is determined by your income. Here’s what (more…)