Archive - 2017

1
Public Safety Employee Retirement Plan Withdrawal at Age 50
2
Crypto-Currency: The Next Tulip Craze?
3
Home Equity is Not a License to Spend
4
Should Adult Children Pay Rent?
5
How to Plan for Retirement

Public Safety Employee Retirement Plan Withdrawal at Age 50

For certain types of workers, specifically someone employed as a public safety employee, there is a special exception to the normal distribution rules. For a public safety employee, retirement plan withdrawal can begin without penalty as early as age 50, rather than age 55 or 59½.

Public Safety Employee

The list of public safety employees includes government or municipal firefighters, police, and emergency medical service employees. Recent expansion of this definition was put in place to include federal employees who work in certain public safety professions. These additional classifications include federal law enforcement, customs and border protection officers, federal firefighters, …

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Crypto-Currency: The Next Tulip Craze?

Imagine transacting business or buying goods and services one day without using a single dollar bill or other country currency.  Imagine further that no one country or organization controls the currency and no one can create further units to dilute the value of your buying power. That’s the promise of crypto-currencies, which, since the first one was introduced in 2009, have been gaining much attention and buying.

In fact, one candidate for the greatest bull market run (uptrend) in financial history is the recent run-up in price of the Bitcoin—the crypto-currency favored by international arms dealers and drug cartels, but …

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Home Equity is Not a License to Spend

Many homeowners find themselves in a beneficial position a few or many years into their mortgage. As their payments continue, their mortgage balance gradually lessens and generally their home equity increases.

It may be tempting to view this increase in equity as a license to spend. In other words, individuals may be tempted to start spending on wants versus needs and no longer delay gratification.

A few arguments can be made in favor of using your homes equity in order to make purchases. Such arguments include home remodels, purchasing vehicles, taking vacations, and paying for college. Additionally, some may argue …

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Should Adult Children Pay Rent?

What does financial independence look like? This can be a tricky question when adult children are employed but still not earning enough to finance their own lives. If you can sit down and discuss the matter before the child has moved back in, you are ahead of the curve. Some parents find themselves having this discussion after their adult child has been home for a while—that can be awkward but better late than never.

In an article that argues for parents not to charge adult children rent, one writer acknowledges that both she and her mother had tight budgets …

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How to Plan for Retirement

Most families have not planned for their retirement. They may save toward their retirement, but without a plan their saving is random and haphazard. Retirement decisions today can only be made in the context of accurate math projections that span decades. Saving what you can and hoping for the best is an expensive and dangerous approach.

Every seven years you delay can cut your retirement assets in half. That means that if you under fund your retirement for the next seven years you will have to save double what you should have saved in the following 7 years in order …

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