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Difference Between Growth Investing and Value Investing

When you invest for growth, you are typically seeking capital appreciation over the long term. You will likely choose investments that you believe will exhibit a faster-than-average increase in share price over the coming years. Growth stocks have the potential to outperform slower-growing investments, such  …read more »

Who Needs Financial Planning

Everyone. Allow me to explain. Everyone has various financial and personal goals they would like to achieve. Whether you have a written plan (or simply a vision in your mind), it does not change the fact you have unique goals and dreams. If you are  …read more »

Roth IRA

A Roth individual retirement account (IRA) is a personal savings plan that offers certain tax benefits to encourage retirement savings. Contributions to a Roth IRA are never tax deductible on your federal income tax return, which means that you can contribute only after-tax dollars. But  …read more »

Is It Too Late to Contribute to an IRA for 2012?

Generally speaking, the IRS allows you to make your IRA contribution for a particular tax year up until April 15 of the following year. This rule applies to both traditional IRAs and Roth IRAs, giving you some flexibility in terms of the timing of your  …read more »

New Rules Allowing Roth Conversions inside 401(k) Plans

The American Taxpayer Relief Act of 2012 (ATRA) also makes it easier to make Roth conversions inside your 401(k) plan (if your plan permits). A 401(k) in-plan Roth conversion (also called an “in-plan Roth rollover”) allows you to transfer the non-Roth portion of your 401(k) plan  …read more »

The American Taxpayer Relief Act of 2012

The new year began with some political drama, as last-minute negotiations attempted to avert sending the nation over the “fiscal cliff.” Technically, we actually did go over the cliff, however briefly, as a host of tax provisions and automatic spending cuts took effect at the  …read more »

IRA and Retirement Plan Limits for 2013

IRA contribution limits The maximum amount you can contribute to a traditional IRA or Roth IRA in 2013 increases to $5,500 (or 100% of your earned income, if less), up from $5,000 in 2012. The maximum catch-up contribution for those age 50 or older remains  …read more »

Financial Planning for New Parents

Estate planning is a subject many parents would like to avoid. After all, you’re celebrating new life, and it’s sad to think that you may not be around to raise your child. However, it’s crucial to the welfare of your child that you leave behind  …read more »

Importance of a Financial Plan

Financial planning takes into account your risk profile, needs, concerns, and desires about money and your future.  Based on your needs and goals, a custom tailored financial plan can improve your financial outlook.  As a minimum, it provides a snapshot of your financial situation. Important  …read more »

Borrowing from Your 401k Plan

Employees are usually unaware but many 401k plans allow borrowing from your 401k account balance.  Of course, the primary purpose of a 401k is to fund your retirement but on occasion it may make sense to borrow money from the plan. Basics of Borrowing from  …read more »