Which IRA Is Better For Your Money? The most common question asked around tax time every year is: are you better off investing your money in a Traditional or Roth IRA? The answer to that question is based on your personal financial situation. When will you need the money? How much will your income be? … Read more
Need Money|Where Can You Get It Is Borrowing From 401K The Best Way? When you need money to pay for today’s purchases, you want to make sure it’s the best way possible; which means you want it to be easy and cost effective. Borrowing from your 401k plan may be easy and it may be … Read more
Investing for your retirement is your responsibility. No one cares about your retirement as much as you do. To help with your retirement investments you should learn as much as you possibly can. You should also be aware of the different rules of the different investment types. There are many investments available to you in … Read more
What Your IRA Review Should Look Like Investments grow inch by inch. The performance of your investments require your attention. You should review all of your investments once a year. That review should include your 401k accounts, your Individual Retirement Accounts and any other non-retirement investments accounts. An Individual Retirement Account review should be … Read more
Stop Before Withdrawing From Retirement Account If you need money and have balances in your retirement accounts you may be thinking about making a withdrawal from one of those retirement accounts. The best financial advice you can get is to stop before continuing with that financial transaction because it could be costly. Making a withdrawal … Read more
Excuses Will Not Get You To Retirement When the financial markets are so volatile it’s easy to make excuses for why you will never have enough money to retire. But that’s as far as the excuses go because investors are retiring every day even in these turbulent economic markets. If you truly want to retire … Read more
You need money but you’re not sure where to get it. You’ve exhausted all of your other sources. You’ve maxed out your credit cards; you don’t qualify for any more loans. So what can you do? Your 401k account has a balance in it and that balance is looking pretty good…be careful though, there can … Read more
A Simple IRA plan is one type of business IRA often used by businesses with less than 100 employees. The Simple IRA plan is popular with business owners for two reasons. The first reason is because it Is easier to start and administer than a 401k plan. The second reason is that the administration fees are usually less than a 401k plan. … Read more
Unless you can print money like the federal government does, you only make so much money; making that money work for you is crucial to getting ahead financially or staying behind. The key to having enough money is learning the proper way to manage it. How To Make Your Money Work For You Step #1 … Read more
How To Get Ready For Retirement If you want to get ready for your retirement, the question you need to ask yourself is whether you will be financially ready to retire when you are mentally and emotionally ready? It takes money to be able to retire, not just desire. Prior generations retired based on age, … Read more
New Year, New Tax Rules It is tax season again. Regardless of how tough the times are, paying your taxes cannot be ignored. The IRS doesn’t care about your credit scores or your debt problems; all they care about is that you pay your taxes. The IRS tries to help tax payers lower our taxes … Read more
It’s tax season time; for some a dreadful time, for others a time that extra cash comes their way. If you will be getting a tax refund this year, the only question you will be asking yourself is what will you do with that money? How can you use that money wisely? Keep in mind … Read more
Powerful Retirement Planning Made Easy Will You Be Ready To Retire? There has been a lot of noise in the financial industry that social security may be in jeopardy for future generations. The way government programs are being cut to balance budget deficits, the financial industry may be right or they may be wrong; future … Read more
You need extra money to build up your investments, but you never seem to have enough money, so your investments are not as strong as you would like. Believe it or not, you may have extra money but just don’t think you do. If you are looking in the wrong places for extra money or you don’t … Read more
Your Retirement Planning Has Risks You worked hard to build up your retirement investment portfolio. As a good investor you should be aware of the different types of risk that can affect that portfolio, especially your retirement money. There are many types of retirement investment vehicles; 401k plans, IRA, annuities. Remember that regardless of the type of investment vehicle you have invested your … Read more
Can annuities work to your benefit as a source of funds at retirement? Some financial planner say that annuities can work – but others say not. You will need to make that call. We want to help you make that call by talking about the sources you could have available to pull your income from … Read more
So you want to be a millionaire by the time you retire, is it possible? Yes, yes, yes…if you work at it. Every millionaire started with financial basics. Every millionaire first achieved financial fitness and you can too. Wealth is the result of your hard work, your financial habits and your self-discipline. Tips On How … Read more
401k retirement plans can sometimes seem overwhelming; and that’s unfortunate because they should not be. But when you just have a vague understanding of what you can and cannot do, it can feel overwhelming. Your 401k plan will seem complicated if no one ever took the time to explain the basics. It can get quite frustrating when you have questions but you’re never … Read more
The purpose of your 401k investment is to help get you ready to retire at the lifestyle level that you are planning for and dreaming about. When you take out 401k loans against the balance of your 401k investment you are defeating the entire purpose of your 401k investment. Your 401k account is not a revolving savings account … Read more
Many 401k plans today provide participants with a financial planner or a retirement adviser. If your 401k company provides you with professionals like that, take advantage of the opportunity to work with them. The advice they give you could improve your financial health. It makes good financial sense to have a team of advisers; each team member providing you different expertise. … Read more