Diversification is a basic concept that’s critical to building a portfolio able to withstand the test of time. It is the process of spreading your money among a variety of securities to reduce exposure to any one investment or asset class. The premise behind diversification is easy to grasp: When you diversify across a range [...]
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Filed under: Financial Planning
Many employer-sponsored retirement plans permit participants to take loans from their accounts. While this feature may sound appealin, it’s important to realize that taking a loan may leave you shortchanged when it comes to building retirement assets.
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Filed under: Finance, Financial Planning, Investing
If you contribute to an IRA, the contributions may be fully or partially deductible. Although deductions are generally not available to high-earning taxpayers if either spouse participates in an employer’s retirement plan, contributions may still grow on a tax-deferred basis until withdrawn.
The contribution limit for the 2008 tax year increased from $4,000 to $5,000. Plus, [...]
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Filed under: Finance, Financial Planning, Personal Finance, Taxes
Whenever I meet clients, I can safely assume that they are confused between Traditional and Roth IRA. Actually, most of the times it’s safe to assume that they wouldn’t know the difference between the two. Generally speaking, a Traditional IRA is where before-tax dollars are contributed (which, at time of withdrawal, are subjected to tax) [...]
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Filed under: Finance, Financial Planning, Investing, Personal Finance, Taxes, Understanding Finances
These days all lenders are more than willing to provide joint mortgages. Besides getting better loans, here are four more reasons why someone should opt for them.
1. Deposit – This is a simple numbers game. Two people sharing the burden is much easier than one person bearing all the burden. Also, the bigger deposit you [...]
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Filed under: Credit, Financial Planning, Funds, Mortgage, Personal Finance
Protecting your assets is the top concern of everyone. Everyone has their own definition of this wretched word – ‘Risk’. Bottom line is that everyone is afraid of losing their money when it comes down to investment assets. The truth is that this definition takes a whole new meaning depending upon your current stage in [...]
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Filed under: Credit, Financial Planning, Funds, Investing, Personal Finance
If you have bad credit, it’s a good idea to start working to get it fixed now. Regardless if your credit problems are because of mistakes on your credit report, a poor credit history from not paying your bills, or stolen identity, there are several steps you can take to fix your credit. The first [...]
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Filed under: Credit, Financial Planning, Personal Finance
Postponing Social Security until age 70 makes a great deal of sense for most healthy, married Americans that can do without the income. Of course, there are numerous exceptions and before postponing your benefits you should seek professional guidance. Obviously most haven’t because about two-thirds of current Social Security recipients started taking benefits before their [...]
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Filed under: Finance, Financial Planning, Investing
For people operating their own business, one of the biggest time consuming and frustrating process is finding the right financing partner for their business loans. Often, this is a complex and prolonged procedure due to extensive documentation and poor sources of information. This is where services like Ezunsecured kick in. With specialized services to find [...]
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Filed under: Business & Economics, Debt Consolidation, Finance, Financial Planning, Funds, Products & Websites
So here is the post on debt consolidation management as promised. I’ve been planning on writing about the benefits of debt repair companies, but before I do that let me go into defining the differences between credit counselors and credit repair companies. Credit repair companies usually have some person acting as counselors explaining the options [...]
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Filed under: Debt Consolidation, Financial Planning, Personal Finance
Mark Your Calendar! DO NOT get a home loan from BofA. Bank of America is the worst! Better returns through diversification Loans Now, Groans Later? Think twice before borrowing from your plan Get your free credit report from Evaluate options before breaking your 401(k) nest egg Mark Your Calendar IRA Contributions Tax Saving Options in 2008 rules: Part II Tax Saving Options in 2008 rules: Part I Saving for your child’s college education Which Path To Tread – Traditional Or Roth? IRS – Do We Know All About It? Joint Mortgages – Why To Opt For Them How Much Risk Is Too Much Risk?