Switch that IRA : It may be time

For certain individuals, converting a traditional IRA to a Roth IRA may provide advantages from an income tax and estate planning perspective. Previously, eligibility to convert to a Roth IRA was restricted by the level of income of the individual or married couple, and prohibited for those with household income of more than $100,000 (as [...]

New Ways Parents Can Save for College

The State of College Savings National Survey finds 44 percent of parents are not very confident they will reach their savings goals this year, compared to 31 percent last year. 41 percent of parents have saved nothing at all, and 28 percent have saved less than $5,000.
According to the survey, the most successful savers, parents [...]

If Your Broker Isn’t a True and Honest Partner in Planning … It’s Time to Fire

Amidst Bernie Madoff, bank bailouts and
ponzi schemes, investors’ confidence is at an all time low. So now, more than
ever, people need honest and sound financial advice. Fire Your Broker by
Kelly Campbell, (www.fireyourbroker.com) provides a practical guide for people
who want to be educated about their financial future.

The book highlights the red flags investors should [...]

7 Quick Numbers To Fix Your Personal Financial Situation

When we talk about personal finance, there are several rules of thumb that can help you build a solid financial plan. Here are a few numbers to remember when you want to improve your personal financial situation.
Aim for a Credit Score of 750
A credit score may vary from 300 to 900 but most people have [...]

Setting financial goals

If you don’t know how much you are saving or when you will be able to retire, it’s time to look at the benefits of setting financial goals. It’s important to look at what your future plans are, how much you can contribute to them, and how you plan to manage and grow your wealth. [...]

TAX-FREE RETIREMENT PLANNING SERVICES

For many self-employed individuals and small business owners, employer retirement plans are a key part of retirement savings. Understanding how the employer retirement plan fits into an overall retirement plan is important to being able to plan adequately for retirement.
Congress believes that employers should be encouraged to assist individuals in this retirement planning stage. Congress [...]

Invest in a Financial Advisor to Jump Ahead when the Economy Bounces Back

With today’s economic climate, people are cutting cost wherever they can, even in financial planning. FinancialAdvisor.net recommends one area that should not be slimmed back on is the investment with a financial advisor or a financial planner.
Minneapolis, Minn. (Vocus/PRWEB ) July 16, 2009 — The current economy is pushing families to cut back on expenses [...]

Financial Planning And Interest Only Mortgages

Financial Planning, 401(k) s, Retirement Funds, etc.
As you get older you do become more cautious in your investments, with your time and your money. Interest only mortgages are one of those options, that if you’re investing in real estate for the short term, and you’ve consulted with a trustworthy financial advisor, you might want to [...]

Tax Tips For People Investing In Property

In order to truly capitalize on the potential income to be generated from an investment property, investors need to be aware of as many tax tips as possible. Knowing about what things can and cannot be claimed. Learning about how owning an investment property can benefit you come tax time can help you increase your [...]

How To Do a Background Check on Your Financial Advisor

Before you make a major purchase – car, television, refrigerator- most likely you’ve done some extensive research to ensure you are making the right decision.   One of the most important decisions that investors make is choosing the right financial planner to work with.  Surprisingly,  more than 70% of all investors do not do a [...]

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