Investing

Purchasing a Foreclosure or Short Sale? — Things to Consider

A recent article in Money magazine about purchasing a home through a short sale or foreclosure really piqued my interest.  With over one million unsold foreclosures and 550,000 probable short sales, the market is full of buying opportunities.  To add to those numbers, RealtyTrac predicted that another 1.4 million properties would be added to these [...]

Continue Reading →

Should Christians Use Faith Based Mutual Funds?

According to the Social Investment Forum, socially responsible investing (SRI) makes up over 12% of all U.S. invested funds. SRI mutual funds screen out investments in companies that are harmful to individuals, the community or the environment. With over 250 SRI mutual funds available, it’s easy to see how popular of a choice it is [...]

Continue Reading →

5 Roth Conversion Myths

2010 is the big year for Roth Conversions. The $100,000 adjusted gross income threshold is gone forever,  allowing anyone at any income level to convert their traditional IRAs to Roths.   Also, for this year and this year only, Congress has made the conversion not so painful; you are allowed to report  half of the [...]

Continue Reading →

Five Steps Toward Automating Your Way to Wealth

Will power just doesn’t get the job done. 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 [...]

Continue Reading →

Guidelines and Tax Saving Tips Pertaining to Retirement Savings

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 [...]

Continue Reading →

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

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 [...]

Continue Reading →

What is the Difference Between Saving and Investing?

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.

Continue Reading →

My House Flipping Experience: The Bid

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 [...]

Continue Reading →

Rising National Debt Makes Roth IRA a Good Choice

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. [...]

Continue Reading →

← Previous Entries

Next Entries →