Anthony Isola

Honor Roll or Dean’s list does not equal money smarts

On the contrary, many people who received high grades end up being awful investors. These people are like Michael Jordan who thought he could transfer his skill on the basketball court to the baseball diamond. He found out the hard way it was not that easy. The skills needed to be a great or even…

Why Wall Street hates index funds

Here is the difference between $3,000 a year invested ages 25-65 in an actively managed funds vs. a market index fund. This money out of your pocket. Knowledge is power only if you act on it

How much will an extra 1% of savings per year be worth to you?

You would be amazed what a difference this makes over time. This simple system of increasing your savings by 1% each year could change your life. Go the bottom of the article and use the interactive calculator to show what small changes to savings accomplish. http://www.nytimes.com/2014/02/15/your-money/beware-of-the-end-of-year-401-k-match.html?ref=business&_r=0

Will having too many credit cards hurt my credit score?

Not necessarily, it can actually help if you pay them in full each month. Watch out because if you have too many cards and miss or make minimum payments, disaster may be around the corner. From Learn Vest 3. Will having too many cards hurt my credit? It’s not the number of credit cards that…

Why cashing out your 401k will devastate your retirement income

Besides paying taxes and penalties, the worst part of doing this is sacrificing the miracle of compound interest. The money you cash out will never get a chance to grow. 35% of workers who left their previous employer did this last year. In a study completed by Fidelity Investments this could lead to sacrificing $470…