I was recently in New York City – my favorite place in the world – and the capital of the “living large” mentality. When I was walking through the airport I saw a book in the bookstore titled “Think Big”. Apparently it is a bestseller. Although the book might be a great read, something has […]
A Lesson In Financial Balance By Elmer J Fudd
Have you ever felt like you were a little lopsided when it comes to finance? Do you spend way too much time and energy focused or worried about money or your job? I’ve struggled with this myself and at times I still do – no balance. One great example of a person out of balance […]
Are Your Retirement Accounts Creditor Proof?
Even if you aren’t worried about getting sued right now, it’s nice to know what is within the reach of creditors and what is out of bounds. If you have money in a 401k you can relax – your assets are safe from nasty creditor law suits. The same goes for SEPs and SIMPLE IRAs. […]
Investment Strategies that Work – Day 3 – Is Buy and Hold Dead or Alive?
The following post was first published April 22, 2009 – almost exactly the day when the market hit a bottom after the 2008 crash and started a long and profitable recovery. This article is part of a series that discussed a variety of investment strategies. The main lesson is as valuable today as it was […]
Is An Income For Life Annuity Too Good To Be True?
When someone offers to send you an income check for as long as you live, it sounds like a pretty good deal – right? Who wouldn’t want perpetual income? Well…as you’ll see, an income annuity might be good for some people but not everyone. What is an Income Annuity? An income annuity (aka immediate annuity) […]
IRA Contribution Deadlines Most People Don’t Understand
If you are planning of funding a Traditional or Roth IRA for last year, you have to get your check in the mail no later than April 15th. Even if you file for an extension, you still have to fund these retirement accounts by April 15th. If you don’t, you won’t be able to claim […]