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It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can occur along the way. One potential wealth destroyer is the dizzying cost of medical care in your later years. Have you considered long-term care insurance? According to a study by [...] Read more » It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can occur along the way. One potential wealth destroyer is the dizzying cost of medical care in your later years. Have you considered long-term care insurance? According to a study by [...] Read more » It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can occur along the way. One potential wealth destroyer is the dizzying cost of medical care in your later years. Have you considered long-term care insurance? According to a study by [...] Read more » One potential wealth destroyer is the dizzying cost of medical care in your later years. Long-term care insurance may be able to help. Health care costs could cause your wealth if you let it slip through your fingers. Any number of catastrophes can occur along the way. According to a study by the New England Journal of [...] Read more » It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes can occur along the way. One potential wealth destroyer is the dizzying cost of medical care in your later years. Have you considered long-term care insurance? According to a study by [...] Read more » There are two reasons for having some of your investment portfolio money in a money market fund. Asset Allocation One reason for having some of your investment funds in a money market fund is to hedge against declines in other asset classes. For example, if you thought there was a high probability of a stock market decline [...] Read more » An increasing number of employers are offering their employees the option to have a Health Savings Account (HSA). If your employer offers a Health Savings Account and you can afford it this is a saving option to allow you to save for retirement or future medical expenses. Savings Account You can treat the HSA as a savings [...] Read more » An increasing number of employers are offering their employees the option to have a Health Savings Account (HSA). If your employer offers a Health Savings Account and you can afford it this is a saving option to allow you to save for retirement or future medical expenses. Savings Account You can treat an HSA as a savings [...] Read more » Investors that have high incomes and don’t qualify for a deductible IRA or a Roth IRA are allowed to open a nondeductible IRA instead. The earnings are tax-deferred – not tax-free as they are in a Roth. A nondeductible IRA can make sense if you think you can convert the funds to a Roth IRA in [...] Read more » If you expect to pay for college how to prepare for the college costs can be difficult – and complicated. The best way to save for college is to consider taxes and your retirement savings. One of the first questions is whether to max out the contributions to retirement accounts before saving specifically for college. By putting [...] Read more » If you expect to pay for college how to prepare for the college costs can be difficult – and complicated. The best way to save for college is to consider taxes and your retirement savings. One of the first questions is whether to max out the contributions to retirement accounts before saving specifically for college. By putting [...] Read more » In an earlier step you began contributing to your 401(k) to get the maximum employer match, if your employer offers it. Now, we’re going to focus on the benefits and strategies for contributing additional funds to the 401(k). When you compare the percentage of your salary that your employer matches with the maximum contribution that you [...] Read more » In an earlier step you began contributing to your 401(k) plan to get the maximum employer match, if your employer offers it. Now, we’re going to focus on the benefits and strategies for contributing additional funds to the 401(k). When you compare the percentage of your salary that your employer matches with the maximum contribution that [...] Read more » Investing in tax-sheltered accounts carries one disadvantage: you may not be able to get to your investment funds when you need them. The rules for tax-sheltered accounts can change with the whims and drifting priorities of Congress. That’s why you should have some money in taxable accounts – accounts that are unsheltered. Earlier steps in the [...] Read more » Here is our current asset allocation investment recommendation. Long-Term Investment Allocation (for funds not needed for at least 5 years) 70% Emerging Markets (with a concentration in Brazil) 25% U.S. Large Cap (with a concentration in technology (hardware and software)) 5% Energy Advice from investment professionals: Mohamed El-Erian (PIMCO) hold fewer U.S. shares and more foreign shares to profit from later growth [...] Read more » |
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