Which IRA?

Between now and April 15th, many will choose if and how they will make their annual IRA contributions. For 2014 and 2015, the cap is $5,500 and $6,000 for people age 50 or over. In choosing between a Traditional or a Roth IRA, I use a short checklist and ask three questions to start the …

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5 Ingredients to Become a 401(k) Millionaire – Part 2

Becoming a 401(k) millionaire may be easier than you think. In part 2 of this post, we discuss our three remaining ingredients to become a 401(k) millionaire. We describe what a well tailored long-term investment strategy should accomplish, highlight why 401(k)s are an important tool for savings and review you can catch-up using 401(k)s if …

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5 Ingredients to Become a 401(k) Millionaire – Part 1

What does it take to be a 401(k) account millionaire?  Joining this select group may be easier than you think. Many miss the mark because they don’t save enough. They have a tough time balancing their needs, wants and wishes for today versus the future. Some use ill-suited investment strategies that contribute to bad investor …

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Links to Navigate Social Security and Improve Financial Literacy of Kids

Some of the most useful resources on personal finances are free but lack the recognition that they deserve. I believe these two additions to our Useful Links page are helpful for navigating the Social Security maze and improving the financial literacy of kids (and adults too). I believe you find that they add clarity and …

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