If you make traditional IRA contributions, there are a few rules and limits you need to know about. (Read IRA FAQ for more information.) This is important. Your IRA is your best way to save for retirement, so let’s get to work. Who can make contributions? If you have earned income (not just passive retirement […]
Archives for November 2010
How to Pick IRA Custodians
Believe it or not, your IRA custodians have a huge impact on your ultimate investment results. I received an email recently from “K” with a frequently asked question about IRAs. My answer will illustrate exactly what I mean. Here’s K: ”We have a few IRAs that I would like to roll over into one IRA […]
What Is Term Life Insurance?
When you ask, “What is term life insurance?” the answer is simple. Term life insurance is just a tool. But it’s a very specific tool and it’s important to understand how to use it correctly. Term life insurance is a tool that you rent as long as you need it. You never “own” it. I’ll […]
How to Delay Minimum IRA Distributions and Reduce Your Income Tax
You can delay minimum IRA distributions. This will reduce your income tax now and make you generally a much happier person. You may not want to take your minimum IRA distributions once you reach 70 ½ if you don’t need the money. If that’s the case, why pay the tax? Most people think there is […]
Stock Market for Dummnies
The stock market isn’t that complicated, but it can be intimidating if you don’t understand the basics. It’s important to know this if you are saving for retirement, for college or any other reason. Here is a very straightforward explanation of how it works. Think of the stock market as you would any other market. […]
Laid Off? How People Survive
Ever wondered what you’d do if you got laid off ? What advice would you give me if I told you I got fired? I just finished watching a film about a handful of people who were let go. The film interviewed a number of creative writers who had all been laid off. Each one […]