Archive - October 4, 2013

1
Using a Roth IRA for Retirement and Emergency Savings
2
The Power of Taxable Investing
3
You Need to Lose Money to Make Profits
4
The Doomsday Portfolio

Using a Roth IRA for Retirement and Emergency Savings

For a while now standard financial planning advice has been that you need emergency savings that would cover 6-12 months of expenses. And of course, all financial experts stress the importance of starting to save for retirement as soon as possible. If you are trying to decide whether to concentrate on building up your emergency savings or increase retirement savings, there may be away for you to do both.

The Seattle Times discusses how you can “use a Roth individual retirement account to kill two birds with one stone, because both an emergency fund and retirement savings are critical.”

Putting …

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The Power of Taxable Investing

As a fee-only financial advisor who is always looking at the tax impact of investing, I often write about the importance of pre-tax investing.  Whether it is in a 401k/403b, SEP, SoloK, or a traditional IRA, creating a tax deduction by investing for your future is certainly a home run.  In September of 2011, I penned the article titled 401k: Still the Best Game in Town!  The post was an example of my belief in the power of pre-tax investing.

Unfortunately, we often are limited to the amount we can invest on a pre-tax basis.  The tax code limits how …

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You Need to Lose Money to Make Profits

Do you remember your first investment loss? What did it feel like? My first loss was a long time ago. I know so much now, but I don’t think I will ever forget the first time I lost money.

I wanted to invest some money I had saved up but knew nothing about investments. A friend hooked me up with her sister who was an insurance agent. She sold me a life insurance policy with a cash value that was a good "investment". The cash value was guaranteed by the insurance company. It sounded good to me and I signed …

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The Doomsday Portfolio

It never fails to happen. Whenever events such as the current US government shutdown or the impending debt ceiling deadline arise, the media declare these crises and speculate regarding their impact on our lives.

Reporters often solicit advisor opinion at times like these regarding the advice we would give an individual investor. My replies to these requests are typically a variant of the one below, from an actual exchange I had recently with such a reporter.…

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