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Category: Retirement

What Could Affect the Value of Your 401k?

What Could Affect the Value of Your 401k?

Let’s take a poll.  What do you think is the factor that affects the value of your 401k the most?  Pretty heavy question especially considering that most of us probably will depend on our 401ks as the main source for our retirement money. I don’t know about you, but for me knowing what I can change now to get me more money later in my 401k sounds pretty interesting.  Well let’s take a closer look at this subject shall we?…

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Should I Convert My Traditional Funds To A Roth IRA?

Should I Convert My Traditional Funds To A Roth IRA?

Converting traditional Ira or 401(k) accounts to a Roth IRA means that the funds are in the Roth IRA will not be subject to income tax when you finally take them out… Ever. The caveats are that you will have to pay income tax on your deductible contributions and earnings when the conversion occurs. So should you do it? This is one of those questions that may have one of the most significant impacts regarding the tax treatment of your…

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The Top 6 Mistakes Young Investors Make

The Top 6 Mistakes Young Investors Make

Being an advisor catering to the younger professional I’ve seen the full spectrum when it comes to personal financial situations.  Some clients will have their financial lives in perfect order from the moment they walk in.  We just make a minor tweak here, a minor adjustment there and check in again in a few months Others well… let’s just say there can be some room for improvement.  But hey, that’s what I’m here for. I’ve noticed a pattern for these…

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Dollar-Cost Averaging: The Way to Consistent, Simple Investing

Dollar-Cost Averaging: The Way to Consistent, Simple Investing

It’s happened, finally!  Your Vegas losing streak come to an end. Twas just one of those beautiful weekends where the Blackjack dealers kept busting and the chips just kept rolling in.  Yeah, appreciate that type of weekend because it doesn’t happen all too often. You actually came back home with $1,500 bucks in your pocket.  Well, minus your dignity but that’s a whole separate issue. Being the savvy individual that you are, you say to yourself, “Hey, I’ve been reading…

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Why Your Retirement Funds Should Be Left Alone

Why Your Retirement Funds Should Be Left Alone

It’s been a tough couple days, weeks, months..years at the office or home.  You’ve been beaten down, stressed out and just unappreciated so you’re finally fed up with it all.  What do you do? I know!  You have to treat yourself; get away somewhere, anywhere. But where?  How about Indonesia, that sounds exotic.  Sweet! Put the entire trip on the credit card; airfare, accommodations, food, booze and all other Indonesian-esque (yeah that’s a word) activities.  You name it, it’s charged…

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I Have Extra Money, Where Do I Put It First?

I Have Extra Money, Where Do I Put It First?

Your employer offers a 401k with a company match and you have that IRA forced upon you during your first job.  Oh, and how about that tax-free Roth IRA and the $10,000 personal brokerage account you inherited when Great Aunt Sally passed away. With all of these saving options it can be a little difficult to decide where your money should go first.  However, if you examine the underlying advantages of each account the decision may become a bit easier. …

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Your Roth IRA: The Essential Facts

Your Roth IRA: The Essential Facts

Ah, the Roth IRA, yet another retirement savings vehicle allowing you to invest and save your hard-earned money. Similar to a Traditional IRA in the sense if you have earned income, you are limited to what you can annually contribute ($5,500 in 2016) and you are subject to withdrawal restrictions until you turn 59 ½, suffer a disability, purchase a first home, etc.  Additionally, your ability to save is dependent on if you participate in an employer plan and how much…

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Your IRA: The Essential Facts

Your IRA: The Essential Facts

IRA stands for Individual Retirement Account.  Take some of your earned excess money and stash it away in an account and watch as its value (hopefully) grows over time; boom, done, nothing to it.  Sounds simple enough right?  Well sort of. The Benefit of Tax-Deferred Growth! Now you may be wondering what makes an IRA different from a regular bank savings account or investment account, the answer is two words; tax-deferred.  You see, with an IRA all your hard-earned money…

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Dominate Your 401k

Dominate Your 401k

Your 401k graciously provided to you by your employer is likely one of the most powerful retirement saving devices currently available to you.   Addressing common questions such as how much should I contribute, what investments should I choose, and how do I intermittently check up on my account could make the difference between retiring in a luxurious beachside condo in Kauai or a windowless studio apartment in Kauai (personally I’d take either). Exactly How Much Should I Contribute? Well now…

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You’re Young, Time to Start Investing Like It

You’re Young, Time to Start Investing Like It

What does it mean to be a young working professional? Well generally speaking, it means we’re a part of a generation comprised of the collaborators, the technologically-savvy, the multitaskers, the value-orientated and the socially connected. We are the generation of the adventurous and open-mindedness where if someone tells us it cannot be done, we will find a way. With all of these flattering traits describing us it would make sense for some of these qualities to spill over to the…

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