There is still time to contribute to an IRA for 2014

There’s still time to make a regular IRA contribution for 2014! You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2014 ($6,500 if you were age 50 by December 31, 2014). For most taxpayers, the contribution deadline for 2014 is April 15, 2015. You can contribute to […]

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Today’s Spending Decisions

TODAY’S SPENDING DECISIONS How a person spends money is far more important than how he or she invests it.  It is much easier to reach retirement goals by deciding how to live, rather than how to invest.  Deciding what to do with the money we earn – how to spend it – is what brings […]

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Medicaire Open Enrollment Period Begins October 15

What is the Medicare open enrollment period? The Medicare open enrollment period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plans typically change what they cost and cover. In addition, your health-care needs may have changed over the past year. […]

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Deadline Approaching for Undoing a 2013 Roth IRA Conversion

If you converted a traditional IRA to a Roth IRA in 2013 and your Roth IRA has sustained losses, you may want to consider whether it makes sense to undo (recharacterize) your conversion. You have until October 15, 2014, to undo your 2013 conversion. (If you’ve already filed your federal income tax return for 2013, […]

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Longevity Income Annuities

With luck, many of us can expect to live to a very ripe old age. Are you prepared, however, for the financial implications of that possibility? Today, individuals contemplating retirement frequently face the fact that the financial costs associated with retirement will fall largely on their own shoulders. Even though you may set aside funds, […]

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What is Financial Planning?

What is Financial Planning? In the purest sense, financial planning is, quite simply, cash flow planning. It is planning to have available the amount of cash needed at the time it is needed, or in the hands of the desired person, to accomplish an individual’s financial goals. The steps taken to implement a financial plan […]

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