Seniors can skip IRA withdrawals this year

Late last year, Congress approved legislation that waived the minimum withdrawal requirement for 2009. Unfortunately, the relief came too late for seniors who were hoping to avoid taking a withdrawal in 2008. Many IRAs plummeted in value last year.
Still, deferring a withdrawal in 2009 will enable your IRA to continue to benefit from this year’s [...]

Do your homework on reverse mortgages

Information from 3 top experts:
Pamela Christensen, Certified financial planner
I expect to retire in about four years and will have a small Sacramento County retirement. We also have about $150,000 in CDs to live on. My parents got a reverse mortgage a couple years ago for the extra cash to live on and to have no [...]

How To Pay For Bankruptcy

Family. Parents pay for a son’s bankruptcy, a daughter pay for her mom, a sister for a brother, an uncle for a niece, etc. Family is most familiar with the situation so that makes them the best resource. Some families may have the resources to pay off a member’s debts, most should [...]

New Government Initiatives to Boost Retirement Saving

Sometimes – not often – our government’s attempts to get in the middle of our financial planning makes sense. This appears to be the case with several initiatives announced by the White House yesterday. These initiatives are intended to firmly move more Americans toward responsible levels of saving for retirement. Let’s review them briefly.
This is [...]

Questions to Ask About Your 401k Rollover

There are many factors to take into consideration when rolling over your 401k. Whether you have recently retired, or have simply switched employers, the following article outlines six questions to ask when determining what is best for you.
401k Rollover choice 1) Figure Out Your Retirement Needs and How You Should Use Your Retirement Funds
Retirement [...]

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 [...]

Should financial advice for men and women be different?

The reality is most Americans may be underprepared for their financial futures. Taking control of your financial future may be even more important for women than it is for men. Here are four reasons women need to invest and save actively.
1. The earnings gap
Even today, men tend to earn more than women. [...]

Personal finance: College vs. retirement

Sven Eklof, 32, says he and his wife, Irma, 31, have a pretty good handle on their retirement savings, but planning for the skyrocketing costs of education are something he has questions about. Upon the advice of a local financial adviser, he is interested in opening a 529 account to help address his family’s financial [...]

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 [...]

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