Investing

Retirement Strategy

Many of you have a retirement strategy that is simply not going to work. Too many of you are counting on Social Security Benefits to see you through your retirement years. Social Security was established to cover only 40% of your retirement income. The remaining 60% is up to you. Some of you might think…

Money

How much is enough?

Howard Hughes was once asked, “How much is enough?” (referring to his billions of dollars). Hughes’ reply was, “Just a little bit more.” You see as humans we are never satisfied with what we have. We always want just a little bit more. When you receive your paycheck, you might wish you had a little…

Savings

Save, Then Invest

Let me tell you why you should save and then invest. Saving and investing are not quite the same. Yes, you do put money away and earn interest or dividends. However, when you save money, you want to be able to have it readily available. In other words, it should be a liquid asset. Liquid…

Money

Are you living for today?

What do I mean by the question, “Are you living for today?” It’s quite simple really. What I am asking is if you are living only in the present financially and forgetting about your financial future. You simply cannot afford to ignore your future. Don’t make financial decisions today that will affect your tomorrows. Let’s…

Savings

IRA vs Roth IRA

IRA stands for Individual Retirement Arrangements. It’s a savings account with big tax breaks. Thus, making it an ideal way to save cash for your retirement. An IRA itself is not an investment. It’s just the “basket” in which you keep stocks, bonds, mutual funds and other assets. In 2011, you can contribute up to…