Not everybody can make deductible IRA contributions. But just because you aren’t able to claim a tax deduction for your IRA contribution in 2015, does that mean you should forget about the nondeductible IRA? Not necessarily. As you’ll see, it depends on your situation. First, let’s discover who is able to have a deductible IRA […]
This category is the heart and soul of Wealth Pilgrim. Here you’ll find a host of information created to help you reach your retirement goals and enjoy the journey. These are nuts-and-bolts articles to help you understand where you are now, identify where you want to be and when you want to get there, and design a roadmap to help you do so.
The market is down almost 10%. Is it all because of China? Are there other reasons behind the drop? Here’s a video and stock market update I shared with my clients recently – and one that might help you navigate what’s happening right now. As always, the market is impossible to predict. And it’s very […]
Without too much trouble you can automate your financial life. And if you do, you’ll have a much better shot at retirement success. Not only that, your current day-to-day personal finance management will become a whole lot easier too. You’ll save time, money and wring much of the “unknowns” out of your financial future. With […]
If you’ve been trying to save more money but haven’t been as successful as you think you should, don’t worry. The following post should help you get on the right path lickety-split. Let’s stop beating around the bush and get right to it Pilgrim. 1. Understand The Power Of Time Time is the most precious […]
If you are in your 50s you may feel as though you don’t have much time to accumulate wealth. In reality you probably have a lot more time than you think. That means you can have far greater financial security if you play your cards right. What does “playing your cards right” mean? For starters, […]
You’ve got bills to pay every month and you have to bring home the bacon if you want to stay current on your obligations. Got it. And because you have to pay your bills no matter what, you want guaranteed, safe income. It makes sense. But does that mean you should only buy investments that […]