Submitted by Roger Wohlner on Mon, 03/03/2014 - 3:00pm
Annuities come with a lot of nuts and bolts – and sometimes slick sales pitches. Here’s what to know.
I recently received an invitation to a dinner session on annuities. Financial dinner seminars are a traditional method for investment advisors, estate planning attorneys and insurance and annuity sales types to get their message out to potential clients.
Submitted by Jim Blankenship on Fri, 02/21/2014 - 3:00pm
Your retirement savings ride on your tax-filing status. Here’s what to know this year how much you can kick in to your individual retirement accounts.
You probably use one of the following filing statuses when you ready your federal return for the Internal Revenue Service: single or head of household; married filing separately or married filing jointly.
Submitted by Rick Kahler on Thu, 02/20/2014 - 3:00pm
A survey done by the financial services company HBSC finds that only 59% of U.S. parents intend to leave their children an inheritance, the lowest of the 15 nations studied. The fact the U.S. is last came as no surprise to me. What did surprise me was that 59% seemed high.
Submitted by Joseph A. Clark on Wed, 02/19/2014 - 3:00pm
To listen to me commenting on the Olympic figure skating in Sochi, you’d think I was an expert. But I know very little about it. Tragically, too many investors make decisions whose basis is as thin as my knowledge of skating.
As we watched the Winter Olympics skating competition on TV, I pointed out to my wife a Salchow jump and then a death spiral. She looked at me with surprise and marveled at how much I knew about the sport.
Submitted by Eric Hutchinson on Fri, 02/07/2014 - 12:00pm
Each month, where should your money go first: 1) paying your bills, or 2) contributing to your retirement savings? The answer is 2). While keeping current on your bills is important, regularly socking away funds for your retirement is more important. If you wait until month’s end to put money into the retirement account, there won’t be enough left to make a difference in building your long-term wealth.
Call it paying yourself first. Perhaps most important for you to know: Your investment contribution rates produce your ultimate success in having the financial ability to retire.
Submitted by Manisha Thakor on Wed, 02/05/2014 - 3:00pm
You give to your kids, in one way or another, their whole lives. Your financial generosity must taper when the children grow to adults. Here’s why and how to cut back.
Speaking recently about financial literacy at a conference, I received energetic applause when I argued it was unhealthy to give kids everything they ask for. I specified that this also goes for adult children who boomerang back into their parents’ lives. The cheers grew a lot louder.
Submitted by Grant Webster on Wed, 02/05/2014 - 12:00pm
Funding a retirement account is not as hard as you may think. It takes some diligence. When was the last time you found $5,500 lying on the sidewalk? Or under your bed? Or randomly added to your bank account?
What if I told you it is relatively simple to find enough money ($5,500, to be exact) in your current budget to fully fund one of the most important retirement savings plans available to you – the Roth individual retirement account? This method works whether you are in Generation Y or older.
Submitted by Mary Beth Storjohann on Fri, 01/31/2014 - 12:00pm
You need to get financially organized for 2014. Here’s how.
Many people remain unsure where to start with their finances. Kick off with this printable financial checklist with actionable strategies, boxes to check off and spaces to fill in on your own. Stop stressing about your money and start writing down goals and checking your financial status.