Archive - 2010

1
New Year’s Resolutions Part Deux
2
What’s the Difference Between Bonds and Bond Funds?
3
Benefits Of A Financial Plan: Retirement Planning
4
How Much Can You Contribute to Your IRA if Married or a Widower?
5
The Difference Between “Saving” and “Investing”

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

Benefits Of A Financial Plan: Retirement Planning

One of the primary purposes of a financial plan is to identify how clients can achieve their financial goals while exposing themselves to the smallest amount of risk possible. For instance, I recently worked with a couple who just transitioned into retirement. This couple was accustomed to living a lifestyle that required $72,000 of annual gross income. However, this client’s million dollar nest egg was cut in half during the bursting of the credit bubble in 2008, and consequently, the clients were incredibly risk averse. In fact, their portfolio was 100% cash, and they didn’t want to invest in anything …

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How Much Can You Contribute to Your IRA if Married or a Widower?

2010 IRA MAGI Limits for a Filing Status of Married Filing Jointly or Qualifying Widow(er)Current Year MAGI Limits for IRAs – Married Filing Jointly or Qualifying Widow(er)

Note: for the purposes of IRA MAGI qualification, a person filing as Married Filing Separately, who did not live with his or her spouse during the tax year, is considered Single and will use the information on that page to determine eligibility.

For a Traditional IRA (Filing Status Married Filing Jointly or Qualifying Widow(er)):

If you are not covered by a retirement plan at your job and your spouse is not covered by a retirement plan, there is no MAGI limitation on your deductible contributions.… Read More

The Difference Between “Saving” and “Investing”

As a financial planner, I work with clients of all ages and income levels. The basis of good financial planning is great communication between the clients and the planner. Clients are always encouraged to ask any question that pops into their mind. Recently, a young newlywed who is expecting her first baby was in the office and said: I have a very basic question: What is the difference between “saving” and “investing”?The Difference Between “Saving” and “Investing”

That is a great question because many people think saving and investing are one in the same. In reality they represent two distinct ways of managing your money …

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