Archive - December 2010

1
Bubbly New Year!
2
A Good Reason NOT To Convert to a Roth IRA
3
3 Financial New Years Resolutions Everyone Should Make
4
See If You Must Wait to File Your Taxes
5
3 Key Steps To Financial Success

Bubbly New Year!

Happy New Year! According to Bloomberg, everything is fixed just in time for 2011. That’s great news and it matches what we have been saying all along, i.e. that the recovery is alive and well, just a little slow. Unfortunately it also means that the time is right for new asset bubbles.

No doubt the Federal Reserve will take credit for the decrease in unemployment claims and the pick up in business activity. However, it is unlikely that the purchase of $600 billion of government bonds in November had any impact on December’s economic indicators.

Historically it has taken

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A Good Reason NOT To Convert to a Roth IRA

While there are many reasons that it may be in your best interest to pay tax and convert funds from a traditional IRA to a Roth IRA, there are a few situations that you might want to keep in mind as you consider converting.

I covered Three Reasons You May Not Want to Convert to a Roth IRA in an earlier article, and here we’ll be talking about another – the probability of paying medical expenses from your traditional IRA.

Under current tax law, you are allowed to deduct medical expenses to the extent that the expenses exceed 7.5% of …

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3 Financial New Years Resolutions Everyone Should Make

It is that time of the year again to make your New Year’s resolutions! Each year most people decide on a number of changes to make for the coming year. How about including your financial life in this year’s resolutions. Let’s take a look at some ideas.

Investigate 401k Employer Matching Contributions: Most 401k plans provide for employer matching contributions. The match consists of the employer contributing a certain dollar amount to your 401k account based on the dollar amount you contribute. For example, your 401k plan has a dollar for dollar employer match up to $1500. For every dollar …

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See If You Must Wait to File Your Taxes

Toward the end of this year, the IRS began warning Congress that last-minute changes to the tax laws could result in delays for taxpayers. Since the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 did not come into being until Dec. 17, the IRS has announced that many taxpayers will have to wait until mid-to-late February 2011 before they can their 2010 Federal returns. Anyone who needs to file Schedule A will have to wait, as will taxpayers claiming various other deductions and credits.

The delay affects those who file on paper as well as e-filers; the …

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3 Key Steps To Financial Success

This is an investment strategy that works, all it takes is a good plan and discipline.

Simply Put:
Saving is the process of reserving a portion of current income for future use. Investing is putting those savings to work to increase wealth. Diversifying and rebalancing are investment strategies meant to increase the likelihood of success.

Not So Simply Done:
Most people understand saving. Investing is a much more complicated process which tends to produce feelings of fear and inadequacy in many people. With good reason – over the last 10 years we experienced two market meltdowns and in result, a …

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