Author - Karin E. McKerahan, MBA, CFP®

1
Should Your Teen Have a Roth IRA?
2
Eliminate Your Junkmail and Boost Your Credit In One Simple Step

Should Your Teen Have a Roth IRA?

Your teenager may not get rich mowing lawns or babysitting the neighborhood children, but contributing some of those after-school earnings to a Roth IRA can pave the road to a more secure financial future.

Any child with “earned income”, regardless of age, is eligible to contribute. Sure, Roth IRA contributions are not tax deductible but most kids pay little or no taxes anyway. Best of all, the money will grow tax-free for decades.

Even if your child does not receive a W-2 for their work, just keep a record of the dates and hours worked and the amounts earned. Your …

Read More

Eliminate Your Junkmail and Boost Your Credit In One Simple Step

Recently I noticed a sudden increase in the amount of junk mail we receive at home. Looking through the piles, I realized that much of it was those pesky credit card offers. You know the kind: you’ve been pre-approved, (fill in your name, or perhaps a grossly incorrect version of your name), for a VISA credit card. The kind that you must shred before discarding so that no one can go through your trash and use that information to fraudulently open & use a credit card in your good name…

It was time, once again, to opt out.

Under the …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login