What is a SIMPLE IRA? A SIMPLE IRA plan (Savings Incentive Match PLan for Employees) allows employees and employers to contribute to traditional IRAs set up for employees. It is ideally suited for small companies with 100 or fewer eligible employees. SIMPLE IRA plans can provide a significant source of income at retirement by allowing employers and employees to […]
Part of a SMART investing strategy is investing in tax-deferred accounts. Below are the updated contribution limits for your retirement accounts for 2019. Make sure to take advantage of the tax benefits! Click here for more tax information, strategies, and benefits. Type of Account 2018 2019 Traditional or Roth IRA $5,500 $6,000 Roth […]
Purchasing a car today has changed significantly with consumers being able to find loan offers in minutes from companies like Lending Tree. Gone are the days where you have to do all of the legwork to find a loan, go through the complicated process of applying one, and later finding out you are paying way […]
One of the biggest threats to your personal finances and security is identity theft. Identity theft can happen to anyone and can have a big impact on your life. Being proactive in your approach to combating identity theft could help you to maintain your wealth, security and peace of mind. What is Identity Theft? Identity […]
Part Six of a Six-Part Series Courtesy of: Visual Capitalist Here’s How to Become a 401(k) Millionaire There’s nothing more definitive in the journey to financial freedom than hitting the $1 million mark in retirement savings. A nest egg like that is a near-guarantee that you could surmount any curveball the world throws at you, […]
Part Five of a Six-Part Series Courtesy of: Visual Capitalist How to Find a Financial Advisor You Can Trust More and more people are using financial advisors to help them navigate the complex journey to financial freedom. But although more Americans are seeking advice on matters of personal finance, they are also less sure that […]
Part Four of a Six-Part Series Courtesy of: Visual Capitalist The 6 Biggest Mistakes Ordinary Investors Make In many areas of life, we are often our own worst enemies. The realm of personal finance is no different. What’s the biggest threat to achieving financial independence? Unfortunately, it’s your own brain. You can invest in all […]
Part Three of a Six-Part Series Courtesy of: Visual Capitalist What Your 401(k) Provider Doesn’t Want You to Know Born in 1984, the 401(k) plan gave regular Americans a way to make tax-deductible contributions to a retirement account directly from their paychecks. Today, it’s the single most important investment vehicle for most people in […]
Part Two of a Six-Part Series Courtesy of: Visual Capitalist How Wall Street Fools You to Overpay for Underperformance Why do most people invest their hard-earned money? Ultimately what most people really want is freedom – the freedom to do more of what they want, whenever they want, and with whomever they want. Sadly, many […]