Practical Financial Moves for the Second Half of the Year. The first half of the year is in the books. Here are Practical Financial Moves for the Second Half of the Year. As you may recall, at the beginning of the year, we gave you 3 Reasons to Skip the Financial New Years Resolutions This… Continue Reading: Practical Financial Moves for the Second Half of the Year.
In golf the low score wins. The player with the least strokes per round is the winner. If you hit a bad shot into the woods or the water hazards (ponds and streams) you can get a mulligan. You can have a second shot and not have a penalty. However, according to the rules of… Continue Reading: No Mulligan for Retirement – Easy Ways to Get It Right the First Time
Depending on whether you counted your birthdays or used the mortality tables, many (including the author) are on “The Back Nine.” You have made the turn, grabbed a burger and a coke at the stand and are starting the last nine holes. Unlike real golf, with financial planning, there is no mulligan allowed. Your mission… Continue Reading: The Back Nine – Practical Financial Steps for Retirement
Here are 5 Easy Reasons for a Pending Economic Slowdown. 1)Trade Wars At the top of the list is the current trade wars. Frankly, it is hard to keep up. So far, President Trump has signed 93 Executive Orders and counting. If he signs 7 more by April 29, 2025, he will have averaged one… Continue Reading: 5 Easy Reasons for a Pending Economic Slowdown
With April 15th right around the corner, well its Tax Day. Time to settle with Uncle Sam. If you have state income taxes, you will also have to settle with Cousin Sam. A Brief History of Income Taxes The first modern day income tax in the United States was in 1913 with the passage of… Continue Reading: “I Love Paying Taxes.” Said No One, Ever!
IRA To be eligible for an IRA, you will need to have earned income. This is from your wages as an employee. If you are self-employed, this would be from your self-employment income.In the past, there was an age restriction on who can contribute to an IRA. This is no longer the case. If you… Continue Reading: IRA vs. Roth IRA. What You Need to Know
1) It Has Been a Heck of a Run Many Average Joe’s have done well in the markets for an extended period. From the market low in 2009, the Standard & Poor’s 500 Index (S&P 500 Index) has averaged over a 15% annual return. 1) Even if you do not use the starting point of… Continue Reading: 3 Easy Reasons You Need a Financial Lifeboat Drill
Following the herd can lead to risky outcomes, don’t chase the latest investment fad. Many investors fall victim to the herd mentality, especially when chasing the latest investment fad. Following the crowd can lead to poor investment decisions and unnecessary risk. Everyone knows they should not drive through the rear-view mirror when investing. It was… Continue Reading: Why You Shouldn’t Chase the Latest Investment Fad
Here are 3 Great Reasons to Fund a Health Savings Account 1) Contributions are Tax Deductible To contribute to a Health Savings Account (HSA) you need to be eligible. To qualify you need to have a High Deductible Health Plan (HDHP). There are two requirements for this. Having a minimum deductible and a maximum out… Continue Reading: 3 Great Reasons to Fund a Health Savings Account
Winter is coming up on the calendar, just like it does every year. The squirrels will be gathering their nuts and the Snow Birds will be heading south. In New England, some winters are harsher than others. Through the years, I have definitely become a fan of mild winters. Weather wise, as we say a… Continue Reading: It Is Easy to See, Winter Is Coming