With the beginning of the New Year, there are lots of opportunities to give your financial future an extra boost. Besides investing your retirement money correctly, one of the very best ways to do that is to maximize your 401k and IRA contributions. Even though some of the laws that govern these plans have changed, […]
What Is Short Selling In The Stock Market?
When you sell stocks you don’t own, you sell short. That’s all there is to it. You might ask how it’s possible to sell something you don’t own and why people do this. Good questions. Let’s tackle one question at a time. How can you sell stocks you don’t own? Easy…..you borrow them from a […]
What Does A Financial Plan Look Like?
We spend a good deal of time talking about how important it is to have a financial plan. But what does that look like? Specifically, what questions does a financial plan answer? A good financial plan is designed to put you at ease. It tells you how likely it is that you’ll achieve your financial […]
What Beneficiary IRA Law Changes Mean To You
Early last year the U.S. Supreme Court mandated that inherited IRAs are not entitled to the same creditor protection as other retirement accounts. Does that mean you should change your IRA beneficiaries? Maybe. We’ll take a look of course but let’s get some perspective first. What is an Inherited IRA? If anyone other than your […]
How To Avoid RMD Penalties
It’s smart to take advantage of tax-deferred growth through retirement accounts. But for most people, once you hit age 70 ½ the party ends and you have to take required minimum distributions. If you don’t, you’ll get socked with a whopping 50% penalty. According the Investors Business Daily, over 15,000 taxpayers didn’t comply with the […]
5 Ways to Protect Your Assets In Divorce
You don’t need to be a world-class attorney to make smart decisions about protecting yourself and your assets in divorce. But you do need to be mindful, have a little understanding about how investments work and most of all, put your emotions aside. Here are the top 5 steps you can take to make sure […]