ROTH IRA vs 401(k)

The second image links to site’s article about common retirement mistakes. 

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 […]

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 […]

Is an allowance welfare?

I bet you never thought of your children’s allowance as welfare. Think about it welfare gives you money when you don’t work, so does an allowance. In the US it’s common practice to  give our children money as an allowance. You might be saying,” What’s wrong with that? I love my children, a few dollars […]

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 federal government employee and are not putting money into your FERS retirement up to the […]

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 […]