One sure-fire way to live a good, no make that great retirement is to utilize all the savings tools at your disposal today. The past two blogs discussed the 401-K Plans, both the Traditional and the ROTH. Let us look at two additional retirement tools, the Individual Retirement Account (IRA) and the ROTH IRA. Even if you have access to a 401-K, an IRA is a GREAT investment tool. Think ...
Read MoreLast week, I discussed the best retirement investment tool, the 401-K Plan (401-K). This week we wil look at a variation of the 401-K, called the ROTH 401-K. For those of you who have a ROTH IRA, the rules and benefits are similar. Vanguard Investments’ data indicate 60% of their client companies offering a 401-K plan offer both a traditional plan, and the ROTH 401-K. However, Americans may not completely understand ...
Read MoreLast week I interviewed my young friend Jake and we discussed his family’s primary investments tools, including the 401-K Plan (401-K). The absolute best investment vehicle I and MILLIONS of other Americans utilize is the 401-K. Yet, of the 79% of Americans who have access to fund a 401-K, only 41% participate. Let me explain why 59% are making a huge mistake that will cost them dearly in the future…say ...
Read MoreThis week I interview a young man, Jake, whose household Net-Worth is on a great trajectory. Jake and his wife Jen, in their early 30’s, have already built a Net-Worth, that is 30 times greater than the average American Household for a couple their age. THIRTY TIMES GREATER - bears repeating. So lets take a look at their strategy and accomplishments! By the way, Jake ...
Read MoreDo you believe Queen Elizabeth II, { Elizabeth II, by the Grace of God, of the United Kingdom of Great Britain and Northern Ireland and of her other realms and territories Queen, Head of the Commonwealth, Defender of the Faith} deserves more pay than her husband, Philip, Prince Consort? Imagine trying to put the Queen’s formal title on a business card. With a title like that, I side with the Queen! {And anyway ...
Read MoreFor the past two weeks I have talked about the importance of eliminating debt. It is past time to get started. I did it and you can too. If you are in debt and do not believe you can take control then don’t waste your time reading this blog. But if you want to get out of debt and create debt free financial freedom - KEEP READING! Below four steps ...
Read MoreLast week I wrote about debt. Majority of people during their journey to wealth will use and manage debt. But some debt is simply BIG, BAD and UGLY. Too many Americans are deeply in debt, and taking no steps to come out. MY INTRODUCTION TO CREDIT CARD DEBT After college, the easiest credit card to obtain was Sears. I needed to build my credit, so I applied and received the Sears Credit ...
Read MoreLast week I wrote about debt. Majority of people during their journey to wealth will use and manage debt. But some debt is simply BIG BAD and UGLY. Too many Americans are deeply in debt, and taking no steps to come out. MY INTRODUCTION TO CREDIT CARD DEBT After college, the easiest credit card to obtain was Sears. I needed to build my credit, so I applied and ...
Read MoreAs a child, I loved the story of the three little pigs. But just imagine if the Three Little Pigs had a debt problem. To be fair, sometimes we have no choice but to acquire debt: medical emergencies, loss of a job, school loans, etc. But we must avoid choosing debt to fulfill “wants”. If there is no emergency, and you simply have a “want”- pause for a few days ...
Read MoreLast week, I discussed the importance of mentors. Finding and learning from mentors is simply an investment in yourself. This week, I want to provide other methods to beef up your investment competencies. The following are some tried and true ways that I have been able to increase my investment knowledge: • Formal Education: Community colleges offer short and inexpensive courses. You can return to college and pick up a degree ...
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