Archive - April 2015

1
Pay Attention to Automated Retirement Savings Plans
2
Investors Greatly Undervalue Safeguarding Their Money
3
File your tax return on time, even if you can’t pay
4
How to Save on Auto Insurance

Pay Attention to Automated Retirement Savings Plans

Once we have decided what to contribute to a 401(k) or other automated savings plan, we just assume that money is being set aside and perhaps only check its growth once a year or so.

A Washington Post “@Work Advice” column outlines scenarios that demonstrate why our retirement accounts and investments merit more vigilance. As the title “When your company plays fast and loose with your retirement savings” indicates, your employer may not play fair with your retirement funds.

One reader wrote in to say that while it seemed that her company had set up her IRA on …

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Investors Greatly Undervalue Safeguarding Their Money

  I read with interest an article in Financial Planning Magazine entitled, “HD Vest Settles SEC ‘Supervisory Failures’ Charges“, which read in part:
HD Vest, a CPA-centric independent broker-dealer, agreed to pay $225,000 to settle SEC charges of supervisory failure, following the barring of a former independent representative who allegedly swindled his elderly clients of over $300,000. … During his time with HD Vest, Lewis J. Hunter convinced two elderly clients to invest $250,000 in a Canadian bank in 2010 and 2011, providing fabricated guaranteed investment certificates and using their money instead to pay for personal expenses, according
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File your tax return on time, even if you can’t pay

So you’re up against the deadline for filing your taxes, and when you run the final numbers you discover that you’re going to have to pay a boatload of tax. Panic-stricken, you look at your bank account and see single digits, and there’s nowhere near enough left over on payday to make the tax payment. What should you do? Go ahead and file your tax return on time, even if you can’t pay. If you have all of the information to file a correct tax return on time, you will avoid penalties for not filing. You’ll still have penalties for… Read More

How to Save on Auto Insurance

No, this isn’t a plug for a specific insurance company. It’s more of a plug on how you can put more money into your pocket by following a few simple steps to lower your auto insurance premium without sacrificing the importance of liability coverage.
  1. Consider raising your deductibles. If you’ve never been in an accident or it’s been quite a long time since your last accident then chances are you’re paying too much if your deductibles are low – anywhere from $0 to $250. Raising your deductibles can lower your premiums and generally the higher the deductible the lower your
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