Author - sraskie

1
Wants and Needs
2
It’s Never Too Early to Teach Your Kids About Money
3
Be Careful of Average Returns
4
A Consequence of the Affordable Care Act
5
The Designation Everybody Should Be Aware Of

Wants and Needs

350px-kiaules_metai1_2007-01-112Sometimes when we need more money for a specific goal in the future such as retirement, college, a down payment on a home or an emergency fund we may feel that before these things can happen we need to make more money. We may feel that once our incomes are up to a certain level that we’ll be able to afford to save for those goals.

It may not be necessary to earn more in order to achieve the above goals. For many folks the solution is simply to prioritize. In other words, learning to distinguish between the wants and …

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It’s Never Too Early to Teach Your Kids About Money

Lincoln memorial cent, with the S mintmark of ...

Lincoln memorial cent, with the S mintmark of the San Francisco mint. (Photo credit: Wikipedia)

I have two daughters and it has given me the pleasure of seeing them grow up and get excited about even the little things like chasing butterflies or finding a lucky penny. My kids find lucky pennies all the time. In fact, they find lucky coins all over the place. Some are by chance as we’re walking down the sidewalk and other times it’s a lucky coin that I may place in an inconspicuous place so they stumble upon it and find it (sometimes it’s… Read More

Be Careful of Average Returns

Standard Deviation Diagram Created with raw Po...

Standard Deviation Diagram Created with raw PostScript by Pat Beirne, 5/1/06. Based on an original graph created in Adobe Illustrator by Jeremy Kemp, 2/9/05 (Photo credit: Wikipedia)

When saving and investing for retirement many folks as well as advisors helping those folks plan save and invest for retirement generally will have the conversation that includes how much they can save per month or year, how much they need at retirement and how long they have to save until retirement. Essentially, all of the ingredients in the previous paragraph boil down to a phrase mentioned many times in financial planning classes… Read More

A Consequence of the Affordable Care Act

Barack Obama signing the Patient Protection an...

Barack Obama signing the Patient Protection and Affordable Care Act at the White House (Photo credit: Wikipedia)

As much as I wanted to put the word unintended before consequence in my title, I had a hard time believing that what I’m about to write about was unintended.

As many of you are aware, the Affordable Care Act a.k.a. “Obamacare” is the law passed that requires, among other things, that everyone carry health insurance, subject to some specific exclusions. What I want to talk about is how this affected my insurance specifically and likely affected the insurance of many others.

Before …

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The Designation Everybody Should Be Aware Of

We will stick together..smile together..be tog...

At some point in your life you have probably started a new job, applied for life insurance, started an IRA or retirement account, or opened a bank account. You may remember when filling out the paperwork that the form asked for a beneficiary – both primary and contingent. This is simply telling the account’s custodian to whom you want your account to go to should you pass away.

Your primary beneficiary is the first (hence the name primary) that receives account balance or death benefit. The contingent is who receives the account balance in the event your primary beneficiary predeceases …

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