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If you are maxing out your 401(k), IRA and any tax-deferred or tax-exempt retirement account, or you want to diversify across taxable and non-taxable holdings, you are in luck. Fortunately, there are other investments out there with reasonable fees that also offer some tax benefits that can give you a better after-tax return for funds that [...] Read more » Some investment vehicles you must have, some you should have, some are worth considering and some you should run from. The North American Securities Administrators Association has released its “top 10″ investment traps to avoid. Among their list of investment traps to avoid: Leveraged Funds Funds that use futures and options try to amplify their returns. They try [...] Read more » When you’re putting money away for college and retirement simultaneously and both goals are near, you might be tempted to split the savings between a 529 account and an IRA or 401(k). If you near retirement the retirement account should get the bulk of your saving dollars. Especially when you consider that money withdrawn from [...] Read more » The many variations of retirement accounts makes building wealth a bit complicated. Adding to the complexity is the issue that many retirees and retiree-want-to-be’s face: when is it advantageous to convert a non-Roth IRA to a Roth IRA? The best time to do the conversion is when the market has tanked because when you roll [...] Read more » When households have investment assets and are planning to augment their cash flow with an income stream from those investments annuities offer one option. To use an annuity typically means to make a one-time payment to an insurer for the promise of receiving regular payments at a defined rate of interest. Since an annuity is an insurance [...] Read more » To build net worth you want most of your investing dollars going to work for you. To do that you want to reduce investment expenses. There are several options that allow you to invest at low cost. One of these is the use of an ETF. An ETF is an exchange-traded fund. [...] Read more » Whether to keep stocks in retirement accounts is an important question. The answer partly depends on whether the stocks are directly owned or whether you are investing in stocks through a mutual fund. If the stocks are individually owned then certainly ownership outside of a retirement account makes sense. With direct ownership you are [...] Read more » There are so many retirement accounts to choose from. Which one is the best one? When comparing how taxes are deducted the Roth version is the opposite of the traditional non-Roth account. With a Roth version of the IRA, 401(k) or 403(b) you get your tax break when you withdraw the funds. [...] Read more » To convert a regular IRA or 401(k) to a Roth IRA (assuming 28% tax bracket) use these steps to look ahead at your tax bill: Step 1: Enter the total value of all of your IRA and 401(k) funds (non-Roth) (Example: $150,000) Step 2: Enter the total of your nondeductible contributions for the year (Example: [...] Read more » A strategy for investing for your portfolio is to decide to either use all index funds for your portfolio or to run with a hands-on, managed approach. Yale University’s endowment’s chief investment officer, David Swenson, in a Wall Street Journal article (1/12/2009) agrees that to find good investment opportunities you either find… “investment professionals who devote their [...] Read more » Index funds are a good way to invest money. The Efficient Market hypothesis tells us that all of the information that is available about a company and its stock is already reflected in the price of the stock. As a result, it is impossible to beat the market if you subscribe to that [...] Read more » Services Vanguard Funds Information Learn to invest money in equities with these resources. Mutual Funds www.mutualfunds.about.com is a good overall resource about mutual funds. www.indexuniverse.com provides information about index funds. The Securities Exchange Commission shows the total cost of holding a mutual fund. The S.E.C. Interactive Data Viewers show side-by-side comparison of sales charges, expenses and fees. Morningstar provides good, concise information about mutual [...] Read more » Services Get a second opinion on your annuity contract before you sign by hiring a fee-based advisor to take a look at the contract. Get a fee-based adviser at The National Association of Personal Financial Advisors. Information Learn to invest money in immediate annuities. Annuities can provide a regular and predictable income stream to [...] Read more » If you need an annuity then you should have an annuity that is low-cost, no-commission, fixed and immediate. The best type isn’t sold by salespeople. Annuities may be worthwhile for people who have received a lump sum payment from a retirement plan or are ready to supplement their retirement income. Get an annuity that doesn’t have a market-value [...] Read more » Annuities are an option for using your net worth to meet cash flow needs. A portion of your investment assets can be used to purchase an annuity which provides regularly scheduled payments. Read more » |
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