Your Emergency Fund is Costing You Hundreds of Thousands of Dollars

It’s one of the oldest financial tips around, and one of the most revered. It’s one that almost all financial experts will give their clients, and most of those clients will follow blindly. The reason is that, on the outside, it seems to make perfect financial sense. The fact is however, this venerable tip could […]

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Thinking of Leaving a Roth IRA to Your Heirs?

The idea about leaving a Roth IRA to your heirs seems to make sense on paper. Leaving money to your children or other heirs through a Roth IRA will essentially let your money grow tax-free over not only your lifetime but theirs as well. Due to new IRA rules being proposed however, it’s now a […]

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How to Make Penalty Free Withdrawals From Your 401k or IRA

If you’ve been around for any length of time you’ve probably already heard that taking money out of a 401(k) early is a ‘no-no’. There are, however, certain times that it still makes sense to raid your 401(k) and, even though there will be financial repercussions, if it’s done correctly it could be a financial […]

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You Should be Aggressively Saving for Retirement!

So many people put off saving for retirement until it is too late. The excuses are always vast and wide ranging. Perhaps you have children to put through college, or you are sitting on a mountain of debt. Regardless of the excuse it is invalid. Saving for your own retirement should be priority in your […]

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Retirement Fun Needs Planning

The chances of old age being fun are much more dependent upon living a financially responsible life than ever before. The days of employers offering to fund a former employee’s retirement and health insurance have faded fast. The chances of a couple retiring with their mortgage fully paid off have also fallen.  The fact that […]

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Open a Roth IRA For Your Children

While many teens had no luck finding a summer job last summer, the fact is that if you would have opened a Roth IRA account for them and contributed as much as possible, and then did the same from the time they were 16 until they turn 21, that small investment would turn into a […]

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4 IRA Withdrawals that Actually Make Sense

Withdrawing funds from a traditional IRA before a person turns 59 ½ usually means that they’re going to pay a lot of taxes and penalties. It’s different with the Roth IRA, because with the Roth you can withdraw your original contributions anytime you like but, with investment returns, you’re going to be penalized with early […]

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4 IRA Withdrawals that Actually make Sense

Withdrawing funds from a traditional IRA before a person turns 59 ½ usually means that they’re going to pay a lot of taxes and penalties. It’s different with the Roth IRA, because with the Roth you can withdraw your original contributions anytime you like but, with investment returns, you’re going to be penalized with early […]

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Life Insurance: Necessary for your Family?

The purpose of life insurance is to protect your loved ones by delivering financial security if you were to lose your life. If you are the breadwinner in your household, just imagine the amount of money that would be lost. Even if you feel your contribution to paying the bills, the mortgage or the food […]

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The Economy is Not Too Weak for a Strong Reputation

  Running a successful business in today’s weak economy means learning to transition with the constantly changing times. Neglecting to accept the difficulty leaves many businesses across the nation facing failure and ruin. Continuing to run the business how it has always been ran will not work. You must learn how to adapt your business […]

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