Author - FiGuide

1
You Only Have Until October 17th to Undo Your Roth IRA Conversion
2
Maximizing the Value of Your 401k
3
Overcoming the Biggest Risks Preventing Your Retirement
4
How to Live the Active Lifestyle in Retirement
5
Why The Gold Bubble is Ready to Pop

You Only Have Until October 17th to Undo Your Roth IRA Conversion

 

 

 

 

 

 

There’s no sense in paying higher taxes on an account value that has lost its value right?

If you converted to a Roth IRA in 2010 and the value of that converted money is now lower (and it probably is because the miserable stock market performance), you can undo the Roth IRA conversion and get the taxes you paid on the original conversion back.

Voilà – your conversion is gone and you get your tax money back.  Sound too good to be true? Here are the steps you need to follow:

Step #1: …

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Maximizing the Value of Your 401k

 

 

 

 

 

 

 

Saving the maximum possible in a 401(k) is a wise goal for most, but tough to reach for many.

However, maximizing your 401k account isn’t as far out of reach as many think.  Forbes has some tips that we wanted to share to help you increase the contributions you’re making to your plan each year.

Get Your Employer to Contribute

Make sure you contribute enough to get matching contributions from your employer. If they stopped their contributions during the recession, ask them to reinstate them now.

Don’t Treat Raises and Bonuses as “Extra”

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Overcoming the Biggest Risks Preventing Your Retirement

 

 

 

 

 

 

 

Hey, we know reaching your retirement goal isn’t easy.  In fact, it’s probably harder today than ever.  Below are 7 huge risks to your retirement with solutions to overcome those risks courtesy of Katherine Reynolds Lewis.

1.) Living Longer

If you’ve already made it to age 65, chances are that you’ll make it to at least 81 or 83. Better to plan to live until 100 and rest assured that you can maintain your quality of life.

2.) Inflation

Even with a low rate of inflation like 3%, you’ll lose half your …

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How to Live the Active Lifestyle in Retirement

 

Rather than seeing retirement as a time to lounge around relaxing, eight out of ten baby boomers say they expect to continue working as “retirees”, and many plan to go back to school.  It seems that the very concept of retirement that prior generations had is now changing as soon to be retirees plan active retirement lifestyles.

A recent survey by Allstate Financial sheds light on what people heading for retirement expect to spend their time doing.

The top five activities those retiring soon plan on enjoying are:

Traveling

  1. Family
  2. Hobbies
  3. Gardening
  4. Fishing

As, Ken Dychtwald, an author …

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Why The Gold Bubble is Ready to Pop

 

 

 

 

 

 

Gold has been on a tear of late.  Gold has become so popular that the # of different infomercials on TV asking me to sell them gold and jewelry now outnumbers the number of Netflix subscribers!

All joking aside, let’s assess if gold truly is a good investment to hold.

In 1999, the price for gold was $250 and as skyrocketed well over $1800.  That’s a 620% return in just over a decade!  Some even forecast gold to reach $2300 by next year, so it’s no wonder there is investor frenzy with gold.…

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