Category Archives: Investments

More on Catching Up: How much will you need to retire.

Hopefully you read the warning above, so you know what you are getting into. Now here we go… One of the top questions of people operating under the catch up factor of investing (those age 50 and better) is “How much money will I need?”  Well, you might as well be asking a Magic 8 […]

Should You Use Your IRA to Pay for School?

Generally, it’s not a good idea to tap into your retirement fund. In most cases you’ll have to pay a 10% fee and repay the amount. However, the IRS says there are two situations when tapping into your IRA is okay, at least by them. You can use funds from your IRA when purchasing a […]

Know your 2012 Contribution Limits

No excuses, friends, because the contribution limits for IRA, 401(k), 403(b), and 457(b) accounts has increased for 2012. We mentioned the IRA increase once before, but you may or may not have been aware that the limits for the 401(k), 403(b), and 457(b) accounts has increased. If you take full advantage of these retirement vehicles, […]

Why You Should Contribute to Your IRA Even When Things are Tight…

Most of us have been raised to be polite and put others before ourselves, but when it comes to your money this isn’t often a winning strategy. It’s an especially poor tactic to take toward saving for your future, ‘cause you gotta take care of yourself right?! If you’ve been putting off savings or skimping […]

The #1 Investment Nearly Anyone Can Afford

If you get a paycheck then there is ONE investment you should not pass up. Anyone who earns income can open and contribute to an IRA. But, for some reason lots of people don’t. Four common excuses for not contributing to an IRA are: 1. You are young, 2. You don’t earn very much, 3. You […]

Your Emergency Fund is Like Insurance

Most of think of insurance as a necessary evil. You must have auto insurance. We all know that one health problem without insurance can cause financial ruin. Life insurance provides some peace of mind in case something should happen to a family’s primary income earner. But, many Americans (nearly 50%) have a different attitude when it comes to squirreling away rainy day money, a.k.a. an emergency fund.

Typically, your monthly budget is distributed among expenses such as mortgage, car payment, food, utilities, etc. Insurance policies also take up a few line items. You should treat your emergency fund the same way. Don’t let it sit way back on the shelf where it is likely to grow mold or turn sour, because then, when you need it you’ll find that it’s useless.

Investment Lessons from Jack and the Beanstalk

any investment carries risk–always has and always will.

Would Seeing Your Future Self Inspire You to Save?

by showing a person what they might look like when they are old, it will bring aging to reality and thus close the gap between now and the future. Researchers go on to hypothesize that when subjects are shown their future self they will then be more likely to save for their future.

Tapping Your IRA to Purchase a Home

You may want to take advantage of one of the Roth IRA withdrawal exceptions to purchase a first home.

What it Takes to be a Finanical Advisor

So often people have a hard time justifying the need for a financial advisor. After all, who knows your money better than you do? Well here is a glimpse of what it takes to be a financial advisor to put it all into perspective.