You can take 3 easy steps and easily protect your assets. Besides health concerns, the worst fear you face is running out of money. People spend tons of time thinking about how to make more money, but they often fail to take the time to protect what they’ve got. How do you protect your assets? […]
Should You Pay Cash Or Borrow For Major Purchases?
If you’ve got a major acquisition coming up you have to decide between taking the money out of savings or investments or borrowing the cash. How do you decide which way to go? Here’s an email I got recently from a reader that illustrates the dilemma: I am considering a major purchase for a motor […]
Does A Trust or Will Control All Your Assets?
If you set up the proper will or trust, you have the basics of a very strong estate plan. But without one or both of these tools, you are really courting financial disaster. Having said that, it’s important to understand that not every asset is controlled by your will and/or trust. In fact, most are […]
Does an Optimist or Pessimist Invest Better?
Are you an optimist or pessimist? With the market reeling and rocking these days, it’s a good question to ask yourself. And it’s a crucial issue if you want to make smarter investments. Either way, there are real repercussions. If you are a pessimist you’ll always be on the lookout for risk. That’s good generally […]
Is Investing The Same As Gambling?
Have you ever felt that investing is like gambling? You put your money down and you take your chances. Right? Well…….it can feel like that. And it can actually be like that. But it does not have to actually be that way. Like gambling, investing entails risk. This is true whether you invest passively or […]
IRA Rollover Rule Changes – What You Need To Know
The U.S. Tax Court recently changed the rules with respect to IRA rollovers big time. Once those changes take effect, it will be much harder to use your retirement assets to cover a short term need unless you are willing to pay taxes and penalties The Background Up until now, taxpayers were allowed to withdraw […]