You know those limitations the IRS imposes when it comes to making a Roth IRA contribution? The ones that say if your income exceeds Level X, you’re not entitled to contribute to a Roth IRA? But this is something of a farce! If your income is over the limits for Roth IRA contributions you can […]
We all face financial emergencies, that’s just part of life. But how you handle them will determine your success with money and building wealth. One of the best ways to combat financial setbacks is to create a financial emergency kit. Here’s how to assemble one so you’ll be prepared when disaster strikes, or the economy […]
Diversification is a common problem for the majority of investors. In most cases however, the primary dilemma is either inadequate diversification, or a complete lack of it. But there is an opposite extreme that’s not much less risky, and that’s being too diversified with your investments. How do you know if you’re too diversified?
Many investors get so caught up in retirement investing that they overlook an entirely obvious retirement factor — Social Security benefits. Fortunately, there are free tools and websites to optimize your Social Security benefits, and you should add this search to your other retirement planning efforts.
Folio Investing, also known as FOLIOfn, is an investment platform that provides investing and portfolio management which allows customization as well as tax and cost management benefits. It combines investing in mutual funds and exchange-traded funds, with individual stocks, in what it calls folios.
When planning for retirement investors often overlook Social Security retirement income and focus exclusively on building the largest retirement portfolio possible. While it’s always prudent to plan for a worst-case scenario, having a rough idea of what your Social Security benefits will be at retirement age is vital. Here’s how to estimate your Social Security […]
We all decide to start saving for retirement at different ages in life. But whatever age you decide to start, understand this: there will be a cost of waiting to save for your retirement. The cost will come in the form of either a smaller retirement portfolio, increased funding requirements later in life, or both.
Summer is a time when we tend to slow down, take vacations and our motivation often takes a holiday. This season might have something to do with the school calendar from when we were young. We would spend all year in school, until summer came. And when it did, responsibility went out the window, it […]
There are different types of financial and investment documents that we rely on, in spite of the fact that so much of this information is now available online. Most companies limit how far back you can go with previous years documents, so the only way that you can make sure that you will have the […]