Is an SEP IRA Right for Me?
Saving for your future isn't optional. But when it comes to how you save, there are plenty of options. While most people include an individual retirement account (IRA) among their retirement savings tools, not all IRAs are created equal. One valuable IRA option for small businesses and people who are self-employed, is the SEP (Simplified […]
How an IRA Distribution Calculator Can Help You Plan Gift Giving
Perhaps you'd like to help your daughter buy her first home. Or you might want to help with your grandchildren's college tuition. Giving gifts to family can be very gratifying—especially if you plan wisely. One strategy to consider is using gifts to help satisfy your minimum IRA distribution requirement. In the case of traditional IRAs, […]
When Should I Maximize My IRA Contribution Limits?
Conventional personal finance advice often can be pretty predictable: When asked "How much should I save for retirement this year?" most experts will say, "As much as you possibly can—and certainly at least as much as IRA contribution limits allow." Realistically, retirement planning doesn’t always work that way. Typically, the IRA contribution limits are $5,000 […]
Use an IRA Calculator to See Your Retirement Before You Need It.
What will your retirement look like when you're ready? Are you saving enough? At what rate do you need your account to grow to meet your goals? What kind of income expectation is realistic? Find the IRA Calculator That Works Best For You.An IRA calculator can help you make some educated assumptions about your retirement. […]
If Roth IRA Income Limits Change, Are You Prepared?
If you have a Roth IRA, or if you're preparing to open one, it's important to review Roth IRA income limits. Federal law prohibits individuals who make more than the income limit from contributing fully to a Roth IRA. Knowing the current Roth IRA income limits can help you decide if a Roth IRA is […]
MONEY IN YOUR DRIVER’S SEAT
According to a recent article for Daily Finance, there are a variety of opportunities that could shift owning a car from an expense to a source of income. Cabbies and livery drivers aren’t the only ones profiting off their cars anymore. Travel and car services are now allowing regular people to supplement their income through […]
401(k) Employer Match: Are You Saving Enough for Retirement?
Tax-advantaged 401(k) plans have provided a means for millions of retirement savers to build a nest egg. A 2013 survey by Aon Hewitt found that 401(k) plans are the primary way workers save for retirement. Yet, Americans are passing up $24 billion dollars of free money annually by not contributing enough to receive a full […]
Cut the Apron Strings to Fulfill Retirement Dreams
Do children influence your ability to retire? The answer depends on how much you support them financially. According to the latest findings from Hearts and Wallets, a research firm that tracks retirement trends, only 21 percent of baby boomers who support adult children are fully retired — while 52 percent of boomers who don’t financially […]
We Love Our Hands-Free
While many may think of July’s endless summer nights, endless backyard BBQs, and relaxing days by the ocean, not everyone knows that it is also National Cell Phone Courtesy Month. This is the month, where we encourage technological etiquette for the 21st Century. There are many ways cell phone courtesy extends to the road. When driving […]
DRIVE SAVVY. SCORE HIGH.
Credit score has been a common topic of conversation over recent years. However, many do not understand exactly how credit can impact their life. The better your credit, the more likely you’re able to finance at a lower rate. Your credit score affects everything from financing or buying a car to buying a house. Here’s […]
