teaching teens about financial planning for retirement

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Planning A Financially Secure Future

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The wisest thing that you can do for your future is to have a solid financial plan in place. Changes can happen in your life when they are least expected, which could put you in a bad situation financially. If you have enough money saved up in the bank, you will be able to get through certain situations a lot easier. You can hire a consultant that can help you make plans for saving money in a way that will not be a struggle to do.…

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Using a Roth IRA as a Savings Account to Claim the Saver's Credit

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Roth IRAs are primarily used for retirement planning, but the flexibility inherent in a Roth IRA lends itself to shorter-term financial planning. Tax filers with earned income under certain levels can receive a tax credit for funding a Roth account. The Credit for Qualified Retirement Savings Contributions, often referred to as simply the saver’s credit, may be claimed for a Roth IRA contribution. Depending on your income level, the saver’s credit can be as much as 50 percent of your contribution to a Roth IRA.…

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The Parent Plunge: Planning Retirement Before Becoming A Stay-At-Home Parent

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Making the decision to have one parent stay at home is something that many families will have to debate. There are many positive points to having two wage earners in the home and there are just as many pros for having a parent caring for the children full time. The money issue for a stay-at-home parent is a true concern. Here are some ways to plan out retirement solutions before becoming a stay-at-home parent and maintaining them afterward.…

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How Can You Make Foreign Trading Decisions In A Volatile Market?

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If you’ve just begun to dip your toe into the investment waters of foreign equities and currency exchange markets, you may be nervous about how global economic conditions are affecting your short-term profit margins. In a volatile market, how can you take advantage of good sales without unduly risking your capital? And what can you do to prevent yourself from acting on panic or dismay as markets take a nosedive? Read on to learn more about how forex indicators can help you make wiser, more scientifically-based investment decisions when purchasing foreign equities.…

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Retirement Saving Tips All 20-Somethings Should Know

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Many financial advisors recommend that you begin saving for your retirement in your 20s because you’ll benefit from decades of compound growth, save money on taxes, and maximize the amount of employer contributions you capture. However, it’s common for young adults to put off saving for retirement because it’s an event that is so far into their future. The fact is, if you’re in your 20s, you should start saving for your retirement immediately – you’ll be thankful that you started early when you reach retirement age.…

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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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