When you are ready to begin investing, there is an important aspect to improve your odds for long term success. We many times are so caught up in the basic nuts and bolts of investing we fail to consider what our expectations for the investment are. We fail to actually set goals for our investments. […]
I am old enough to recall the rather weak urging of our federal government as it warned us back in the 1980s that we, as citizens, weren’t saving enough money. The glaring contrast then? Japan, a nation flush with capital from its recent successes in industry (think autos here) was dominated by a populace that
Saving for Retirement: How to Find the Money Read More »
Face it folks, there are many people from many countries that want your money and or want your information. These same people have all of the time in the world to become very talented at hacking into your computer. We pay for varying services to protect us. And the hackers spend their time working around
Investing can sound cool and exciting to some terrifying to others. And many of us jump into investments head first without due preparation, others run the opposite direction. Jumping in or running away is like setting sail out on the ocean without a compass, charts and sufficient provisions. Before you leave the harbor, you should
Investing Basics – Getting Started Read More »
By: Corey Callaway, ANN publisher Before I step on my soapbox, I wish to make my disclaimer. If you have a 401(k) or a SIMPLE IRA that you can contribute to where you are employed, please, by all means, participate in that plan by contributing to your maximum capability. With that said, the 401(k) plan
401(k)s, diminished wealth, and FASB Read More »
Yesterday evening I was watching the news. I do not remember which channel due to my unique channel surfing capability. To my amazement I saw yet again the “Morons” in action. Due to Congress voting to not extend the payroll tax reduction, (it is not a cut since it will come back some day), a
Misconceptions about payroll tax deduction Read More »
The news these days is filled with Republican candidates, current congressman and senators, the 99 percent, and, of course, President Obama stating their case(s) for or against taxing the rich or the 1 percent. When I listen to all of the rhetoric and political posturing I am reminded of a quote from the movie Butch
Class Warfare and Taxes Read More »
Of late, I have been inundated by mutual fund and annuity vendors who are trying to convince me to convert all of the Traditional IRAs and 401k dollars of my clients into Roth IRAs. This has been a hot topic this year due to a recent change in the tax law that has lifted the
From my perspective, the lack of investment and savings accumulation is the greatest void and looming problem out there. I venture to say that 80 to 90% of us are not saving enough for retirement if we are saving at all. I believe it comes down to competition for your spending dollars. If you look
ARE YOU RUNNING INTO GADGETS, GOLF AND OTHER DISTRACTIONS ALONG THE WAY? Read More »
Save, save, save, we all know we should be setting some of our hard-earned money aside. Yet most of us are not doing so. With the ease of credit card use and the loose financing available, many of us are living as if we do not need to save. We can pay as we go.
WHY A FINANCIAL PLAN? STEP FIVE: SAVINGS & ACCUMULATION Read More »