Individuals who know a great deal about personal finance don’t always make the wisest investors.
Dowling & Yahnke
If you have twenty-something children are they supporting themselves yet? If they are still living in your house or cashing checks that you write to keep them afloat, join the crowd. Many recent grads are finding it hard to wean themselves from the bank of mom and dad and move on with their lives.
Do you know how much taxes are eroding your investment returns? It could be more than you think. Studies by the Vanguard Group suggest that taxes can erode the net returns of domestic stock funds by as much as two percent annually. That might not sound like much, but this small percentage can represent a huge hit.
My husband and I recently finished paying for college.
The recent wildfires that swept through San Diego County and destroyed at least 65 homes can serve as a wake-up call to the rest of us to be prepared if and when a natural disaster strikes. To protect against worst-case scenarios, it’s important to make sure that your house and personal property are covered by the right kind of insurance and that you know where your key documents are. Here is a checklist that can help you prepare for a disaster:
If you’ve ever considered converting your traditional Individual Retirement Account into a Roth IRA, you should understand the rules before you proceed. Here is what you need to know:
Affluent investors are eligible for Roth conversions.
Can you afford to waste an extra $10,000 in unnecessary investment fees? Or how about $25,000 or $50,000 or perhaps even $100,000 in extra fees?
Over their investing lifetime, many Americans unwittingly end up paying tens of thousands of dollars or more in extra fees by investing in overpriced mutual funds.
One of the biggest dangers that investors face are themselves.
When the markets crater, many investors panic and pull out of stocks and/or they simply stop adding new money to their accounts.
Are you an IRA procrastinator?
Waiting until the last minute to contribute to an Individual Retirement Account could cause you to leave serious money on the table.
Before we explain how procrastination can hurt your retirement account, let’s review the rules regarding IRA contributions.