From the category archives:

Investing

Five Steps Toward Automating Your Way to Wealth

by joeplemon on September 1, 2010

in Budgeting,Investing,Retirement

Will power just doesn’t get the job done.

An automated dimmer ... in the 1950's!

Sure, on a day when you are feeling particularly noble you might set aside an extra $50 in your savings account or pay an extra $25 on that credit card debt. But, if you are like most of us, starting a plan and sticking with it gives you all the progress of a yo-yo. Want to hear some good news? You can circumvent will power by automating your way to wealth. Why does automating work? Because if you don’t see the money, you learn to live without it. [click to continue…]

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Guidelines and Tax Saving Tips Pertaining to Retirement Savings

by joeplemon on July 28, 2010

in Guest Post,Investing,Retirement,Taxes

Saving for retirement with specialized retirement plans is an excellent way to build wealth on a tax-free or tax-deferred basis. Considering that most people rely on their tax-deferred retirement accounts as income after they stop working, making a mistake can be extremely costly.

Here are some retirement saving tax tips that should help you keep more of that money for yourself: [click to continue…]

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Should You Roll Your 401(k) to an IRA? It’s Not A No-Brainer.

June 28, 2010

When I left my last place of employment,  I rolled all of my 401(k) funds into a traditional IRA. I figured doing so was a no-brainer, but I recently read an article in Kiplinger’s Retirement Report that, while validating my decision, also gives some reasons why a rollover is not always the best course of [...]

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What is the Difference Between Saving and Investing?

June 21, 2010

Most of us innately know that saving and investing are not the same, but do we understand the difference? Because clarity in this distinction can greatly impact one’s financial well being, realizing these difference is vital. The key is in two words: risk and liquidity.

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My House Flipping Experience: The Bid

May 17, 2010

When our son Jonathan approached us with the prospect of flipping a house, I listened. As part of his duties with his current employer, Jonathan has earned his boss some decent income by overseeing the purchase and resale of two houses in our community. In this post and upcoming posts, I plan to chronicle the [...]

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Rising National Debt Makes Roth IRA a Good Choice

September 2, 2009

photo credit: Kevin Krejci Assuming you are investing for future retirement, you should seriously consider the Roth IRA (Individual Retirement Agreement). I am already a huge fan of the Roth, but as the national debt increases with federal bailouts and stimulus packages, the Roth IRA is looking better all of the time. Let me explain. [...]

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Traditional IRA or Roth IRA: Which is Best For You?

August 25, 2009

photo credit: stuartpilbrow You have come to the conclusion that you and you alone are responsible for your retirement. Good for you. You have decided to use an IRA (Individual Retirement Arrangement) as the vehicle to accomplish your goals. Good for you again. Now you are struggling with whether you should use the Traditional or [...]

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