Here’s a few important tax planning tips (and an important warning) if you’re an investor…especially if you own ETFs or mutual funds. After you master the basic tax deductions that most people overlook, it’s time to take it up a notch. First, you probably already know about tax loss harvesting. This is a well-known, year-end […]
Archives for November 2010
401k or Roth IRA? A Simple Approach
Given the choice, should you contribute to a 401k or Roth IRA? Which is the best IRA investment choice? If the Roth is as good as everyone says it is, should you consider converting your 401k to a Roth or Roth 401k? To make a good decision, you have to have a basic understanding of […]
What Is My Business Worth? 3 Easy Steps to Find Out
What is my business worth? I’ve asked this question many times before. Not because I want to sell it. I have worked really hard to build this business, and it’s just nice to know how much it’s worth. If you work as hard as you do, you also deserve to know the value of your […]
Need to Borrow Money? 5 Tips to Keep You Safe
If you need to borrow money, here are 5 tips to help you do so safely. 1. Relax. Take a minute. I know I promised to deliver some ideas on getting the money fast, and I will. But just give yourself a time-out. Remember that the interest rate you pay goes up based on two […]
How to Hire a Top Financial Advisor Even If You Don’t Have Much to Invest
You can hire a top financial advisor – even if you don’t have much money. A few weeks ago I received an e-mail from “K” asking how to invest her IRA accounts. She was convinced that she didn’t have enough money to hire a top financial advisor. Not everybody needs to hire a financial advisor. […]
What Is the Best IRA Investment for You?
What is the best IRA investment to make right now? Of course there is no single “one-size-fits-all” answer. It depends on your age, ability to withstand risk, financial goals and other considerations. Here’s an e-mail I received recently asking for some guidance on IRA investments: I am age 59 and my combined retired fund is […]