Planning For Your Future

Posted on: 14 June 2017

One of the best things you can do to measure your financial progress is perform tests to determine if your financial state is improving. While there are numerous ways to do this, one good method is by periodically checking your net worth. Your net worth is a number you can easily calculate, and you can use it as a measurement of your financial growth. What Is Net worth? Net worth is an amount that represents how much you are worth. [Read More]

Posted on: 7 June 2017

A nonworking spouse in a married couple may perform years of unpaid work carrying out household and family duties. Most retirement accounts can be held in the name of only one individual, so the working spouse is usually the registered owner of any 401(k) funds. As a practical matter, a married 401(k) owner is likely to view the account as a joint asset. However, a participant in a 401(k) plan may also fund an individual retirement account for a nonworking spouse. [Read More]

Posted on: 30 May 2017

If you're not fully satisfied with your current financial situation or how you handle your own financial affairs, it may be time to consider getting professional help. There are financial planners who are able to help you with a variety of financial needs. Keep reading to better understand the many ways in which a financial planner can help you. Handle Your Taxes Correctly Many people find taxes to be confusing. They don't understand which forms to use or don't know the best ways to get the best possible tax breaks. [Read More]

Posted on: 15 May 2017

Annual investments in an IRA help set a course for the future that may lead to a more comfortable retirement. An IRA operates much like a mutual fund, but with a few differences. Mainly, IRA deductions are tax deductible and money cannot be withdrawn without penalty until a set retirement age is reached. Those planning for retirement a little late in life do need to be very careful how their funds are invested. [Read More]