War On Wealth Series -

The congressionally mandated g-fee increases set to go into effect as of now, will artificially increase mortgage rates by more than 1/2 percent with some lenders. It will increase mortgage rates to some degree with all lenders.

The Federal Housing Finance Administration (FHFA) has mandated Read the rest of this entry

Popularity: 3% [?]

The way they are funded and the rules governing withdrawing funds, are the major differences between a Roth IRA and a traditional IRA.  

IRA Funding

Traditional IRAs are funded with your income dollars before Read the rest of this entry

Popularity: 9% [?]

401(k)’s were billed by the government and corporations as one of the most powerful tools you have to save for retirement. 401(k)’s are offered through employers and can be contributory or noncontributory.In addition to saving for retirement they were billed as one of the best tax shelters that our federal government has ever managed to create.

Well let’s see. The government gets to tax money years down the road when the pot is much bigger, therefore tax revenues are much greater, and corporations get to pass the risk to the employee. No wonder they are both staunch supporters Read the rest of this entry

Popularity: 10% [?]

401k picture

The self-employed 401(k) plan was designed for self-employed people who have no employees, other than their spouses, working for them.

The 401(k) is promoted as one of the most powerful tools you have to save for retirement. These instruments are offered through employers and can be contributory or noncontributory. In addition to enabling you to save for retirement, they offrer one of the best tax shelters that our federal government has ever managed to create.

Key Features of the Self-Employed 401(k) plan are: Read the rest of this entry

Popularity: 2% [?]

As I mentioned in an earlier post, a Simplified Employee Pension Plan, is a retirement plan specifically designed for small-business owners and self-employed individuals. These plans work even if you are the only employee, as the rules are the same.

 Don’t Forget To Check Out “Maximizing The Bank Of You Concept”

Key features include: Read the rest of this entry

Popularity: 4% [?]

Don’t Forget To Check Out “Maximizing The Bank Of You Concept”

Simplified Employee Pension Plans (SEP), are retirement plans designed for small-business owners and slef-employed individuals. Employers can make tax-deductible contributions on behalf of their employees because the plan is based on an IRA. That means, if you are eligible, you will not pay taxes on the contribution but you will pay them on the distribution you receive from the SEP account. Read the rest of this entry

Popularity: 7% [?]

Don’t Forget To Check Out “Maximizing The Bank Of You Concept”

No, I am not talking about what you spent the last year teaching your pet to do. The rollover that I am talking about is a procedure that the IRS designed that allows you to distribute or “roll over” assets from one retirement plan into another. Why would you do this? Say for example you changed jobs or retired, you could transfer assets from one retirement plan to another i.e., from an employer sponsored 401(k) plan into an IRA–protecting your tax-free status and avoiding any early withdrawal penalties.

Self Directed IRA’s

The advantages of rolling over your managed IRA plans into a self-directed plan are many. Self-directed IRA’s offer you a range of investment choices i.e., mutual funds, stocks, bonds,real estate, and CD’s that Read the rest of this entry

Popularity: 4% [?]

There are some people who must deal with debt that they have consistently gained over the course of time. There are others who must deal with a certain unfortunate and sudden situation that puts them in sudden debt. After the holidays we suddenly find ourselves with a heap of debt we did not count on 2 months earlier. It can be difficult to deal with debt that comes up unexpectedly. It can be hard to regain your footing and your financial focus when you are blindsided with a large amount of debt. These five steps will Read the rest of this entry

Popularity: 2% [?]

If you are trying to figure out what retirement plans are available through your employer, keep in mind that Employer retirement plans and the tax laws that back them are very complex. Do not hesitate to seek outside help if you need help determining the best plan for you.

Most plans fall into one of two categories: defined benefit or defined contribution.

Defined Benefit Plan

There are two key features of a defined benefit plan. One, the employer commits to the benefit, and two, the employer takes on the responsibility of managing the plan. Now, the benefit is based on what’s in the plan when you retire. So, company may define a plan that requires it to deposit a Read the rest of this entry

Popularity: 9% [?]

Get Our More Than 32 Video Set Series on “The Traders Mindset”

The best read ever on “Wall Street” is Burton Malkiel’s book. A Random Walk Down Wall Street. In his books he debunks the most popular theories on stock selection used by the gurus of Wall Street. Malkiel’s dart throwing chimp theory caused quite a comotion at the time. He said a blindfolded chimpanzee throwing darts at the Wall Street Journal could select a portfolio that would do as well as one carefully selected by a so-called Wall Street expert. This statement did not exactly make him the prom king of Wall Street.

Here’s the thing. A successful stockbroker typically would have a hundred or more clients. Now, let’s say that broker were to call each client during a normal trading day to let them know what was happening in the market. That stockbroker would only spend about 4 minutes with each client. Let’s also say the market is in a sudden downturn or upturn, what chance do you think you would have at getting through to this broker?

Here is An Alternative Read the rest of this entry

Popularity: 2% [?]