Archive - January 15, 2010

1
2010 Roth IRA Opportunities
2
Simplify, Give, and Save
3
Tax Planning In A Recession
4
New Year’s Resolutions Part Deux
5
What’s the Difference Between Bonds and Bond Funds?

2010 Roth IRA Opportunities

A Roth IRA allows you to save tax deferred money like a regular IRA, and withdraw money tax free. The catch is that instead of paying taxes when you are retired and withdrawing money, you pay tax before you make your contribution.

Besides tax free withdrawals, one of the best features of a Roth IRA is that there is NO required minimum distribution (RMD) at age 70 ½. This works great for extending the life of your nest egg, which is crucial in down years like 2008, when many IRA owners age 70 ½ would rather let their portfolios recover. …

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Simplify, Give, and Save

The end of the the year can mean an influx of stuff and an outflow of dough. When the new year starts, we all have resolutions a plenty. One way to counter clutter, simplify your life, and save money is to go through your closet and get rid of all your unwanted clothes. Every year I have a few shirts, sweaters, coats, and other things that I just don’t need anymore. Between my wife and I, this year we had six bags of clothes to donate.

How can you Give, Save, and Simplify your life? Follow these simple steps:

1. …

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Tax Planning In A Recession

Americans are saving more money. The budget deficit will eventually give way to spending cuts or higher taxes; ergo, we need to prepare for a higher tax environment. Below are twelve ways to save money on taxes during a recession:Tax Planning In A Recession

1. Tax Loss Harvesting – Unfortunately, because of the market decline, we had a lot of losses last year. Fortunately, we captured those losses so that you could use them to offset ordinary income up to $3,000.

2. Pay off Debt – You do not have to pay tax on your savings if you use it to pay down debt. …

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New Year’s Resolutions Part Deux

Kick off those snow boots and slip on the flip-flops….here are six more more resolutions that can be accomplished in just a few hours this year:New Year's Resolutions - Part Deux

July – Learn One New Thing

– It’s summertime and the livin’  is easy.  So, read a book, subscribe to a blog, push yourself to understand one more thing about the stock market, bonds, commodities, ETFs, mutual funds, you name it.   Women – try Manisha Thakor’s Get Financially Naked for some juicy summertime reading.  Men – read it over her shoulder (you know you will…)

August – Create A Long-Term Plan

– This is …

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What’s the Difference Between Bonds and Bond Funds?

There is a question that often comes up when discussing investment strategies, especially for an astute investor who has done some research on various kinds of investments.  Specifically the question often is: why would we choose a bond fund or a bond index fund versus purchasing a specific bond (or several bonds)?Bonds and Bond Funds

Bonds in General

To answer the question, we have to start with a basic understanding of bonds in general.  A bond is a loan – either to a corporation, the US government (or a foreign government), a state, or a municipality, among others.  For this loan there are… Read More

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