Tag IRA

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…

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…

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…

The financial advantage of youth

The financial advantage of youth over an older adult is time. If you start investing at a young age and keep investing, by the time you are ready to retire, you should have built-up a comfortable amount in your retirement…

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…

Are you throwing away money?

If your employer offers to match your 401(k) and you do not take advantage of the program, you are throwing away money each paycheck! You need to contribute money up to the match in your 401(k). If you are a…

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…

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