The Power of Roth (5 min read)

Pretend for a minute and think of yourself in the future where you don’t rely on a paycheck from a job, you have a nice nest egg built up, and you are retired. All is great until you begin taking distributions from your IRA, 401k or any other pre-tax retirement plan you have. Even though …

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So, You Won Mega Millions…How Do You Take Your Winnings?

This is what ‘s called a high-class problem…deciding how to take your lottery winnings. Annuity payment or lump sum option? With the size of today’s jackpot, I thought it would be a good time to see how much of a difference there can be between the two payout options. The Annuity Option The data from …

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Recession Prepper: Are You Ready For The Next Recession? (Read Time: 8 min)

A doomsday prepper has a stockpile of equipment, food, water, medical supplies and more. Each of these items has uses in the event the world enters a doomsday scenario. These necessary items may never be needed, but they provide a buffer against a so called, doomsday. Recessions can feel like a mild doomsday, especially from …

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Your Financial Bridge

In the most simplistic definition, a bridge is a passage over obstacles providing an easier way to get from point A to point B. The planning and construction of a bridge being built reminds me a lot of a financial plan. Sometimes our finances can be hard to understand, but if you can logically relate …

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Are You Living Within Your Financial Situation?

George S. Patton once said, “A good plan violently executed now is better than a perfect plan executed next week”. This holds true to the world of financial planning and too many people delay starting a plan to get themselves to a comfortable financial position. One of the first steps to take control of your …

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Saving A Million For Retirement

Articles have been surfacing regarding the number of 401k millionaires has hit an all time high this year. What they don’t tell us is the percentage amount of these million-dollar accounts. Fidelity, one of the largest 401k providers in the US, publishes a retirement data report each quarter. In the latest report, Fidelity holds 16.1 …

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Cash Is No Longer Trash

If you were to ask someone on the street how much they are earning in their bank account, chances are they will give you a number under 1%. That may be true for some of the bigger banks that refuse to budge on the interest they pay on customer deposits, but you don’t have to …

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How to Instantly Improve Your Finances

Budgeting is something many people put on the back burner. It’s a simple process, but the thought of building a budget can seem daunting. Creating a budget is more than just saving money you could be spending, it’s about creating a balance between income/expenses and short-term/long term goals. Long term goals can’t be reached if …

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Is it a Good Time to Invest in the Stock Market?

October 27, 2011, it was the bottom of the 9th inning with 2 outs. Nelson Cruz leaped to catch a ball that would give the Texas Rangers their first World Series title. As you know, he didn’t catch the ball and the Cardinals tied the game and later went on the win the World Series …

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Easy Money

Why does a get rich scheme or hot investment topic appeal to the majority public? Why, if we know it sounds too good, do we still listen? Why do we think money can be made so easy? It’s common to see an advertisement that pitches you can make money overnight, or the financial news showing …

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