Do I Need An IRA?

I’ve had many people ask do I need an IRA? So many individuals don’t know what an IRA really is and why they need one. They think that having a 401(k) or similar account from their employer is enough to prepare for retirement. It’s not enough! In a study Fidelity Investments revealed, 49% of the people based their retirement on a date not on whether they had enough money to…

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The Rise of the Automated Financial Advisor

  Have you heard of automated financial advisor platforms? You may be able to get started investing with less than you think. Usually when you think of a financial advisor you picture going into an office to meet a person. This person is a financial advisor and will learn about your money situation and prove they can help you reach your financial goals. However, with the rise of automated financial…

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How to Pick a Financial Expert: 4 Key Items to Consider

A financial expert is great to provide resources and information as well as provide accountability and feedback. However, it may be confusing on how to pick a financial expert.  In a previous article I talked about how to determine which expert you need.  Once you have determine which financial expert you need, then comes the task of picking one to hire. So you’ve probably heard that you should get recommendations…

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What is the Difference Between Financial Advisors, Planners, Consultants and Coaches

You’re on a journey to make progress with your money and build wealth. As you’re working on increasing your net worth and investing for retirement you’ll get to a point where you need a financial expert to assist you. We all do, we can’t know everything. So how do you figure out who you need?   A financial advisor, planner, consultant or coach? Many people think that they know what…

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Top Money Tips For Your Age Part 3: Money in Your 40s

I often get the question “what should I be doing with my money.” This prompted me to write articles on the top money tips for your age across the decades. We just talked about actions to take in your 20s and 30s to increase financial fitness and do the best with your money. If you haven’t started or accomplished the steps from a previous decade now may be a great…

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Why Your 401(k) Isn’t Enough!

No matter your age you hear about 401(k)s and IRAs, retirement investment accounts. You hear over and over that you need to be ready for retirement. You need to know your nest egg number. You need to save and invest now so that you’ll be comfortable later. You’ve probably seen the charts that show if you contribute steadily starting in your twenties, you will be a millionaire by the time…

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10 Actions Needed for Financial Freedom

The terms financial freedom and financial independence generally refer to the same concept or ideal. However, individuals consider them to mean different things. For some they mean debt free, having the ability to live without working to earn income, or being financially secure and not stressing about money. Whatever your definition of financial freedom, there are some key actions that you should take to get you on the right path…

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These Are Not Great Ways to Save Money on Taxes

During tax season, most people get a refund after filing their taxes. Many of us then start to consider how we can save money on taxes next year and what we will do with our tax refund (if we haven’t completed planned it out already). Many people offer advice on things you should do throughout the year to save money  on taxes the following year. Some suggestions I think are…

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Key Things to Do Before Investing

Investing is a great vehicle to make your money work for you, your money goes to work at another company and makes you money (provided the company does well). You can invest yourself or you can get help from a financial planner or advisor. Many don’t have the knowledge, time, and energy to monitor the market, so they hire someone else to do it. Some jump in on their own…

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5 Tidbits to Build Wealth

Who doesn’t want to build wealth and achieve financial freedom? It’s seems so elusive to many; yet, there are also many who have achieved it. Some you see splashed on the television screen or in those top millionaire lists, while others are quietly amassing their wealth unbeknownst to anyone besides themselves and maybe their financial advisor. The latter is who you should truly admire and aspire to imitate. They learned…

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