-
How Can E-Money Save you Time?
Budgeting can be very time consuming and tedious which is why most people don’t do it. Today we are going to discuss online budgeting/financial software and how it can help to make your financial picture much more clear and save you oodles of time. You might have heard of Mint.com, which is one of…
-
Saving for College: 529 Plans vs. Education Savings Accounts
If you are looking into opening up an account for your child to help save some money for their college expenses you have come to the right place. There are 2 main accounts you can use to reach your goal. I will go over both of them at a basic level and explain some pros…
-
Millennials and Their Money: 3 Tips for Overcoming Investing Fears
When it comes to Millennials and their money, most Americans ages 18 to 29 would rather sit on a boat load of cash. They have a sinking feeling that investing in the stock market is like boarding the Titanic. According to a recent Bankrate.com study cited by a recent The Street article, younger people prefer…
-
Hidden Costs in Investing
There are many different ways in which costs are charged to your investment portfolio. Many of these are hidden and are basically untraceable. Today we are going to discuss a few of the hidden costs, and a few of the transparent costs. Costs you should know about Management Fee/Commission Whoever your investment advisor is is…
-
What is Dollar Cost Averaging?
Today we are going to discuss dollar cost averaging (DCA) and how it is most likely helping your retirement portfolio. “Dollar Cost Averaging- The technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. More shares are purchased when prices are low, and fewer shares…
-
3 Reasons to Roll Over an Old 401K to an IRA
After leaving a company, former employees can usually opt to keep their 401K or move the money over into a Rollover IRA. The benefits of rolling over old employer 401ks often outweigh the negatives. 1. Opening up new opportunities Most 401K or company-sponsored retirement plans offer only a small selection of mutual funds, target-date funds…
-
Are You Coachable?
I will admit that I am happy that the San Antonio Spurs won the NBA title this year. I have been a Spurs and Tim Duncan fan for many years. Now that I have made all the Heat fans mad, I will explain what a lead in like this had to do with investing? After…
-
Is it Safe?
Perhaps one of the biggest challenges that investors face is determining if “right now” is a SAFE time to invest (meaning not just the present, but any time). What makes it difficult for investors is a twofold issue: first, is a lack of historical knowledge and perspective, and second, their own emotions. Actually, if one…
-
Tax Time IRA Answers
Let’s take down the age old question of “Should I invest in a Roth IRA or a Traditional IRA?” Before I jump into this, you must know that neither one is a bad choice, and it all depends on your situation and goals. Both accounts are considered “Qualified Accounts”, meaning they have tax advantages over…
-
Second Quarter Market Returns
There have actually been complaints in the media and news about how “boring” the stock market has been so far this year. Boring is bad in sports, but in the stock market it is usually a good thing. There has been slow but steady growth in every single sector and sub sector of the market…
