Author Archive

What Every Investor Should Know

| March 3, 2017 | 0 Comments

Anyone investing in the stock market should know a few basic principles to understand what they are buying into (or what their investment advisor is buying for them). These few points are the bare minimum investors should comprehend before placing any of their money at risk. Funds come in two basic types – mutual funds […]

Filed Under: Investing 101

IRA & 401(k) Contribution Limits 2017

| January 23, 2017 | 0 Comments

Traditional IRA contribution limits are not only limited to a specific dollar amount, but the IRS also limits the deductibility of contributions if the participant and/or spouse have access to a 401(k) plan at work. If you (or your spouse if you are married) do not have a 401(k) plan at work, you can deduct […]

Filed Under: Retirement

5 Reasons Debt is Your Enemy

| September 20, 2016 | 0 Comments

Most people will agree that debt is a bad thing.  I’m not talking about a reasonable mortgage on your home or a five-year car loan at a low interest rate.  Debt on credit cards that you cannot pay off each month or a six or seven-year car loan on a car you won’t keep until […]

Filed Under: General-Finances, Spending

FDIC or SIPC – Who is Protecting Your Assets

| January 13, 2016 | 0 Comments

Most people are familiar with the Federal Deposit Insurance Corporation (better known as “the FDIC”).  We hear these letters at the end of every bank commercial to let us know our deposits are insured in case there is another “run” on a bank or if a single bank goes under.  The FDIC insures deposits up […]

Filed Under: General-Finances

What is Wealthy?

| August 4, 2015 | 0 Comments

The adjective “wealthy” is typically used to describe a person (or family) who has a lot of money and/or possessions.  I think there is more to being wealthy than just having a lot of “stuff” (or at least more than your brother-in-law).  Consider this scenario, if someone has money and material possessions worth $10 million, but has […]

Filed Under: Spending

Free Credit Reports

| April 22, 2015 | 0 Comments

Consumers need to protect their credit at all times.  The better someone’s credit score is, the lower the cost to borrow money.  The lower the cost of borrowing, the more money the borrower gets to keep.  Credit reports are important for more than simply borrowing money.  Poor reports can affect job applications and apartment requests […]

Filed Under: Spending

When Should you Hire an Investment Advisor?

| February 2, 2015 | 0 Comments

As strange as it might sound coming from an Investment Advisor, not every investor needs to hire an advisor.  Others might not need an advisor yet, but will need one eventually.  Here are some points to consider if you are trying to decide if or when you need an advisor. 1. Have you saved more […]

Filed Under: Investing 101, Planning

IRA & 401(k) Contribution Limits 2015

| January 13, 2015 | 0 Comments

Traditional and Roth IRA Contributions For 2015, your total contributions to all of your traditional and Roth IRAs cannot be more than: $5,500 ($6,500 if you are age 50 or older), or your taxable compensation for the year, if your compensation was less than this dollar limit. Roth IRA Contributions Roth IRA contributions are limited based […]

Filed Under: Retirement