Traditional and Roth IRA accounts are subject to contribution limits, which change from year to year. In addition the contribution limits phase out for certain higher income earners. Find details here.
Lending club is offering a signup bonus for the month of December of $64.62, one of their best bonuses ever. To get the bonus click on our link, fill out your information and link your bank account. You should have your bonus cash in no time! Next? Start earning big returns on your money!
When it comes to investing, there two distinctive strategies. The first is the buy and hold approach. The second is timing the market. Simply put, buy and hold investors keep buying (stocks, mutual funds, ETFS …) no matter what is happening to the market and hold those investments regardless of market conditions. This is typically […]
The Roth IRA (and its cousin, the Roth 401k) are getting press lately and with good reason. There is a fear that taxes will need to rise over time and we will all find ourselves retiring in a higher tax bracket than we are in today. Let’s first take a step back to understand what […]
About a month ago I posted about how I joined Lending Club as an investor, and I talked about how I thought it was becoming a pretty good way to make a decent return on your money. As with any type of investing it does carry it’s risks, but I believe that it is beginning […]
Peer to peer lending has been a hot topic on personal finance blogs for the last year or so. Lots of people are promoting it as a good way to make decent returns on your money – even in a tough economy like we’re in (Some might argue that it’s because of the hard times we’re […]
What Does The Bible Have To Do With Finances? The Bible is very clear about how we should handle our finances. God wants to abundantly bless those who obey His Word in this all-important area. Why do you think there are more than twenty-three hundred verses in the Bible about money? Is it a coincidence? […]
Assuming you are investing for future retirement, you should seriously consider the Roth IRA (Individual Retirement Account). I am already a huge fan of the Roth, but as the national debt increases with each federal bailout, the Roth is looking better all of the time. Let me explain why. Save Taxes on Down The Road […]
One day the stock market is down 300 points, the next it’s up 300; it’s a hard time to invest in the stock market isn’t? It’s like seeing a swarm of sharks in the water and trying to convince yourself it’s OK to jump in. I totally understand because I feel the exact same way. […]
There is conventional wisdom that you should save and invest 15% for retirement. Where does that come from and will investing that much be enough for you?
Our economy is in a downturn, investments are tanking, and every day the market reaches new lows. It can be hard to stay focused through it all and not panic. Unfortunately it seems like most investors in the market HAVE panicked already, and their fear is self-fulfilling. They’re afraid the market will tank, so when […]
With the economy in the middle of a giant plunge, it is getting harder and harder not to feel a little panicked when you watch your 401k balance drop by $10-20,000 or more. In the last 6 months my wife and I have watched our 401k do just that. A poll on CNN Money says […]
Learning To Invest A while back I talked about investing tips that we learned in our Financial Peace University class. Among the key things we learned was that you should be out of debt before investing (except mortgage), you NEED to diversify your holdings or risk losing it all, and only work with financial advisers […]