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
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
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
In order to reduce the tax burden that small businesses may suffer from, it is vital for the owners to be aware of the latest reforms which can help them avail tax reliefs. Several aspects of the tax legislation help provide relief to small businesses. The categories which include reduction and aid include returns on [...]
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Filed under: Business & Economics, Finance, Funds, Investing, Taxes
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
As every other investor, you are probably looking for the most time efficient way to make money. Hedge may be the way to go provided you have a bit of extra money to spend.
Alfred Jones (the father of unorthodox investment techniques) developed the first hedge funds. Selling short stocks while buying long stocks was one [...]
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Filed under: Investing, Understanding Finances
Out of all the new financial blogs cropping up everywhere in the Blogosphere, Rapid Random is the one which caught my eye. This was because of its post about ‘Tax Rebate Checks for late filers’ which states that people who missed their initial deadline of 15th April can still get ‘a-little-bit-of-money-back’. Being in-the-loop I always [...]
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Filed under: Daily Ramblings, Investing, Products & Websites, Taxes
I wish I had a future telling mirror which never spoke…
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Filed under: Daily Ramblings, FUNancials, Investing
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
I see this quite often at my company. Potential clients who come to our office are looking for a quick solution for their pension plan. And it’s often in this haste, that they completely overlook SIPP when it’s advised to them. Mostly because they are unable to comprehend the difference between a traditional pension plan [...]
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Filed under: Credit, Finance, Financial Planning, Funds, Investing, Personal Finance, Taxes
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?