Archive - October 13, 2010

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How to Select the Right Retirement Plan If You’re Self Employed
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4 Ways to Raise Money Smart Kids

How to Select the Right Retirement Plan If You’re Self Employed

Article in Summary:

  • Selecting the right type of retirement plan if you self-employed can be complicated
  • Your choices include: IRA/Roth IRA, Solo 401k, Simple IRA, SEP-IRA, and Keogh Plan

While the tax code provides several provisions to encourage self-employed individuals and small business owners to save for retirement, selecting the right type of plan can be a complicated process.  The good news is that the correct plan can help you save a significant amount of money toward your retirement and provide generous tax advantages as well.

Set forth below is a summary of the various retirement plan options, including a …

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4 Ways to Raise Money Smart Kids

A friend of mine recently lamented, “My girls think I am an ATM”.  We might be tempted to snicker about Daddy’s little girls, but the truth is we want to give our kids whatever they need, regardless of gender. The key here is what they need, as opposed to what they want. One of the things they need to learn about is how to manage money and build wealth. That may seem obvious, but what tends to escape us is that their teacher is going to be you, their parents, intentional or not. Our kids pick up all sorts of …

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