Withdrawal IRS Stimulus Payment From Your IRA Penalty and Tax Free
By choosing to have your 2007 tax refund directly deposited into an individual retirement accounts (IRA) or any other tax-favored account, your stimulus payment will follow suit and also be directly deposited into the same tax-favored account. But don’t worry, the Internal Revenue Service (IRS) is allowing you to withdrawal your money tax-free and penalty [...]
Use Credit Card Rewards Programs to Save for Retirement
Participating in your employers 401(k) match program allows for a great way to accelerate your retirement savings, but have you ever considered using your credit card rewards program as a means to save? Although rewards programs are all over the map in their offerings, certain programs present a great way to add to your future [...]
Investing in Real Estate vs. Stocks - Which Is Best?
For years, the United States Government has encouraged citizens to become homeowners, primarily with tax incentives like deductions from mortgage interest, mortgage points, and property tax. However, if the U.S. Government was held as a fiduciary by encouraging home-ownership, our tax breaks might subside based off recent numbers highlighted in a recent Washington Post article [...]
When Should I Buy Into The Stock Market?
A volatile market, such as we are currently experiencing, can make timing the market seem impossible. When should you pull the trigger and buy into this unstable market? In my opinion, the best time for many is now. I am not saying this because of the current financial crisis, the announcements of possible mergers, or [...]
United State’s Newest Epidemic - Insufficient Financial Literacy
Opinion -
Congress, regulators, and the financial services industry are pointing fingers at each other in an attempt to pass the blame regarding who is at fault for our current credit crisis. In reality, everyone probably shares a piece of the blame; however, to leave a lack of sound financial literacy out of the equation [...]
