teaching teens about financial planning for retirement

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How Higher-Income Earners Use A Nondeductible IRA To Fund A Roth Account

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Some tax filers are not able to directly fund a Roth individual retirement account because their income is too high. Individuals with too much income to directly fund a Roth IRA may contribute to a nondeductible traditional IRA and then roll those funds over to a Roth account. Contributions to a traditional IRA are not always fully tax-deductible, so many accounts consist of both pre-tax and after-tax amounts. When a traditional IRA is initially opened, it is not designated as deductible or nondeductible.…

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When Should You Purchase An Annuity With A Legal Settlement?

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If you’ve recently been awarded a legal judgment or settlement through a personal injury, medical malpractice, or other tort lawsuit, you may be wondering what to do with these funds. You may need a sizable portion of your judgment or settlement monies to pay medical bills or other costs stemming from your accident, or to help pay off debt incurred while you were out of work. However, you may still have money left over – particularly if you were awarded punitive damages.…

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3 Tips For Managing A Financial Windfall

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Did you recently come into a large sum of money? Perhaps from an inheritance, a lawsuit settlement, or even from lottery winnings? You’re probably thrilled about your windfall, and you should be. However, it’s important that you take steps to protect your new-found wealth. There are plenty of stories of lottery winners or heirs who don’t know how to handle their new wealth and blow it on frivolous spending. If you truly want this money to be life changing, you need to make sure it lasts for the rest of your life.…

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3 Reasons To Consider Investing In Real Estate

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Every portfolio should be diversified in order to maximize the returns on your money and weather any financial issues. One key part of any decent portfolio is real estate. This is because it offers a huge number of advantages that you can utilize in order to make sure that you are successful.  1. Will Function as a Retirement Plan, Whether You Want it or Not Everyone knows that they need to save for retirement.…

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Using Social Media Before A Crowdfunding Campaign

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Crowdfunding is quickly becoming a great way for entrepreneurs to raise start-up capital for a business. Crowdfunding is a type of capital raising involves asking a large number of people to invest a small amount of money to develop or promote a product. With a great idea and potentially great product, it can be a good way to start a business for some people. Before starting a campaign, a lot of planning and work needs to be done.…

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