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.…
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.…
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.…
