Investment safety is top of mind for investors these days as well it should be. In the an era of Bernie Madoff and MF Global investment scandals , investors must rely on themselves to make sure that everything is above board and they don’t incur fraudulent investment losses. How do you make sure your brokerage […]
What is a Mutual Fund?
What is a mutual fund? Do you really know? People buy them without really understanding what they are. The problem with doing this is that it can lead to some painful disappointments. What is a mutual fund? A mutual fund is simply an investment pool. You invest $10,000. I invest $1,000. Your rich uncle invests […]
What Happens When You Reach the Required Minimum Distribution Age?
When you turn 70 ½ you reach the required minimum distribution age (RMD). That means you must withdraw a certain amount from your IRA and most other retirement accounts as well. That’s right. Even if you don’t need or want the IRA income, you must take out a minimum amount or the IRS will become […]
How to Use Your Credit Card to Become a Millionaire
If you use your credit card intelligently, you could be well on your way to a 7 figure net worth. No, I’m not suggesting that you lean on your credit card to invest in Facebook. What I’m saying is that you can emulate the credit card habits of millionaires (and avoid credit card tricks) in […]
Cost-Efficient Ways to Improve Home Value
When it comes to reselling your property, you might find yourself scrambling to figure out what you can do to improve home value in the eyes of others. Unfortunately, a number of the home improvements you make to your home don’t even come close to increasing the value of your home enough to make up […]
Roth IRA Recharacterization – What Your CPA Doesn’t Know
Even if you consult your financial advisor or CPA, she might not have all the answers when it comes to a Roth IRA re-characterization. That’s understandable. The world of IRA restrictions is vast. But if you have a clear understanding of this issue, you might be able to make some extremely helpful financial moves. What […]