Obama’s Retirement Plan Fix Just Isn’t Enough

Obama wants to expand tax credits that reward retirement savers. He also wants to require all employers to provide workplace-based retirement savings plans (the so-called automatic IRA).
Many of the measures are based on sound research conducted by renowned behavioral finance experts, and they’ll help middle-class Americans, some experts say. But experts also say the measures [...]

Self-Employed? Early Retirement Planning Advice

When you are self-employed you are faced with a number of challenges compared to those individuals that work for someone.
- different tax considerations and liabilities
- certain insurance that you need to carry that regular employees do not
- different strategies for planning early retirement, especially if decided on self employment.
The scary part is that you [...]

ConnectWise Forms $20 Million Investment Fund for New IT Channel Vendors and Emerging Industry Leaders

ConnectWise, the lT Industry’s leading application for professional service automation (PSA), announced the formation of ConnectWise Capital. The new arm will incubate innovative solutions to be sold exclusively through the IT channel. ConnectWise Capital has a $20,000,000 fund and plans to begin investing in promising companies immediately.
ConnectWise Capital is targeting emerging products and services that [...]

If Retirement Savings Aren’t Enough

Many people that are close to retiring worry that the retirement savings they’ve built up are not going to be enough for their needs. By this late stage, however, further savings alone may not give a fast enough return. Are there other ways to improve retirement income later in life?
5 Ways to Improve Retirement Income
There [...]

Obama Administration considers forcing investors into Treasury debt

The Obama administration appears to have come up with a novel way of financing “trillion dollar” budget deficits – demanding IRA and 401(k) holders buy trillions of dollars in Treasury bonds.
With the Treasury needing this year to see another $1 trillion in debt to finance the anticipated federal budget deficit, and the Federal Reserve about [...]

Personal Finance – Say goodbye to your bank. Hello Credit Unions!

Given public opinion about banks right now, the label “vampire squid” was recently slapped on one particular investment bank, but it sums up the Q rating for the whole financial sector. This is a good time to be offering an alternative. But the nation’s 8,000 credit unions have more to recommend them than the mere [...]

Finance company throws personal information in dumpster.

Many of us trust our banks and financial advisors with our personal information. But an NBC 6 investigation found an Arklatex company throwing people’s social security numbers and account statements in a dumpster.
NBC 6 reporter “Karen Hopkins” did some digging after receiving a tip from a viewer about personal information thrown in this dumpster. We [...]

Six Problems with Retirement Planning Software

Financial planning software can be a useful tool to create a retirement savings plan. But many computer programs fail to adequately account for several major retirement risks, according to a new review of 12 financial planning computer programs commonly used by consumers and financial professionals by the Society of Actuaries and the Actuarial Foundation. The [...]

Measure 66 – taxing your retirement savings

The business press and investment advisers have declared this year to be the Year of the Roth IRA.
Roth IRA: With a Roth IRA, virtually all income-growth and withdrawals are tax free. Because retirees don’t pay taxes on their withdrawals, the Roth IRA has been called “one of the best deals in retirement planning”.
With the [...]

Investment Warning – Buying Fake Gold Coins as An Investment

There may not be anything foolish about “buying gold as an investment”, just buying it the wrong way.
I’m not recommending for or against holding gold, but I will point out that gold seldom goes down in price very much but has actually gone up every year in the past decade.
Monetary concerns aside (that is, the [...]

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