You’re Paying Too Much in Advisory Fees When you open or transfer an account with an advisor, you expect your money to grow, not eaten away by advisory fees. Sadly, this happens to most investors without them even realizing it. The best way to prevent yourself from becoming a victim of excessive advisory [...]
IRAs (Individual Retirement Accounts) If you are looking to start an Individual Retirement Account you may be wondering where to start. The two main types of IRA accounts are Traditional and Roth. This article will explore the differences between the two types of IRAs so you can choose which works best for you. Tax [...]
Financial Planning is Not Just for Retirement Financial planning for new parents is an extremely important step. Why is this the case? As of 2013, it cost an average of $245,000 to raise a child to the age of 18. That does not even include the cost of college. To help with the immense [...]
Financial Plans are for Everyone Financial Plans are not just for the wealthy anymore. A comprehensive financial plan, with a wealth management company, can benefit you, no matter what your income level is. It is an invaluable tool that everyone needs to have. Why is having one so important? 1. Set Your Goals [...]
Retirement Investing Mistakes you don't want to make! Investing for retirement is one of the most important life stages to plan for. Even though planning for this time of your life is so important, many people still make major mistakes in their retirement investing moves. What are these Retirement Investing Mistakes, and how can [...]
Many American employees are provided with 401(k) retirement plans from their employers. When tough times come and you are strapped for cash, it can be tempting and seem like a good option to borrow money from your 401(k) plan. That is not necessarily the case. Before you make such a decision it is important [...]
Investment Terms for Beginners: If you are just venturing to learn more about investing you may feel overwhelmed by the amount of information that is out there and just how complicated some of the information can be. To be able to get started as a new investor it is important to understand a handful [...]
How Much to Save: Before you can start planning how to save for your retirement, you first need to determine how much you need to save. Below you will find some of the basic needs that you will need to calculate to determine how much you will need to save. Your Current Income A good [...]
Which IRA should I Use Many are familiar with the term IRA, or Individual Retirement Account, but they do not know exactly what they are or what purpose they serve. IRAs are not investments themselves, but rather they are made to hold stocks, bonds, mutual funds, and other assets. Unlike other retirement accounts that [...]
Understanding Your Required Minimum Distributions The phrase RMD, or Required Minimum Distributions, refers to the amount that you are required to withdraw from any traditional IRAs or employer-sponsored retirement plans each year after you reach age 70 ½. You can take more than the required minimum, but you are not allowed to take less. [...]
