Category: Retirement & Investing

Roth IRA vs. Traditional IRA

IRAs in general, and the Roth IRA in particular, is a vast subject and many books have been written on it. With these recent posts, I am trying to simplify this complicated issue and I hope that you are able to benefit from this attempt to clarify matters connected to Roth IRAs. If you have […] continue reading

The Roth IRA Rules

As promised in my earlier post, we are going to look at the rules that govern the Roth IRA today. I had read this article some time back and the following text really stuck in my memory: If a 25-year-old contributes $5,000 each year until she retires and makes an average annual return of 8% […] continue reading

Roth IRA :: An Overview

Have you ever asked yourself the following questions: What is a Roth IRA? How does a Roth IRA work? What are the Roth IRA rules? If so you need to stay tuned, as over the next few weeks we will explore Roth IRAs in more depth. Today we will begin with an overview just to […] continue reading

Secure Your Future With NewRetirement

While I would like to believe that the majority of the people in this country are actively planning and saving for their retirement years, unfortunately the numbers tell a different story. Whether you find yourself in the group that has a solid plan in place for your retirement years or the group that is scratching […] continue reading

Net Worth Update: 2007 Recap

When 2007 started, we had defined two financial goals for our family. The first goal was to reduce our non-mortgage debt by 100% and the second goal was to increase our net worth by 35%. Throughout the year I provided monthly recap posts on the progress towards our goal and this post will highlight our […] continue reading

Net Worth Update: October 2007

As a means of tracking my progress towards my 2007 goals, I am going to be running this as an on-going series of posts. As a bit of background, here are the opening posts in the series: September 2007 Update August 2007 Update July 2007 Update June 2007 Update May 2007 Update April 2007 Update […] continue reading

Net Worth Update: September 2007

As a means of tracking my progress towards my 2007 goals, I am going to be running this as an on-going series of posts. As a bit of background, here are the opening posts in the series: August 2007 Update July 2007 Update June 2007 Update May 2007 Update April 2007 Update March 2007 Update […] continue reading

No Guarantees With Your 401k

The other day I had an opportunity to have a conversation with a gentleman that had worked for a well-known company and suffered a substantial loss in his 401k, resulting in a much more tight budget when he accepted the early retirement package rather than be laid off. What was one of his biggest mistakes? […] continue reading

Net Worth Update: August 2007

As a means of tracking my progress towards my 2007 goals, I am going to be running this as an on-going series of posts. As a bit of background, here are the opening posts in the series: July 2007 Update June 2007 Update May 2007 Update April 2007 Update March 2007 Update February 2007 Update […] continue reading

How to Setup Laddered Certificates

Mark Andersen from Financingyourfamily.com is a banking professional who loves what he does and shares his insight into a little-known banking strategy. A common situation that befalls the members I work with goes like this: A close relative passes away Said relative leaves a substantial inheritance A receiver of the inheritance doesn’t want to blow […] continue reading