January 2014

How can $2,000 make a huge difference in your retirement account?

By starting at age 25. Look at what the results are with an 8% return. Check out what happens if you wait but put more money in. This simple strategy could turn you into a millionaire. Discipline and consistency beats everything in the world of investing.   Our young investor saved $2,000 a year from…

How you can earn an extra $83,000 in your IRA

Procrastination is a big enemy for investors. Take IRA contributions. You can invest $5,500 if you are under 50 ($6,500 if over) in January for your 2014 contribution. You have until April of 2015 to make this contribution. If you decide to wait those extra 15 months each year, the effects are dramatic. Over a…

Why is college so ridiculously expensive?

  College costs have exploded in the recent decades. Loans have become available to all who apply. Huge sums of money has been spent on luxury dorms and sports stadiums. Schools have hired an enormous amount of well paid administrators. All of these costs do not add up to a better education and increased employment…

Where you can find some extra money.

Marketwatch reports American leave over ONE BILLION dollars in gift cards that are unredeemable each year. Now is the time to go through your wallet and organize what you received for the holidays. Use them before you lose them. The numbers tell the story.

How can you determine how much life insurance you need?

Here is a simple formula but like anything else it can change based on your individual circumstances 1.Multiply your salary X 10 2. Add in the dollar amount of any large future expenses (Ex: College Costs) 3. Add any debt you would like to cover (Ex: mortgage, car loan, home equity loan) 4. Subtract any…