Monthly Archives: April 2010
The Value of Compounding with 8% interest
The foundation of making correct decisions with regard to money and personal finance begins with basic financial knowledge. In working with consumers for over 35 years, I’ve discovered that often times people’s knowledge of these subjects is limited. It is … Continue reading
Money Management Basics Part 1
I am asked all the time about the building blocks young people must practice in order to begin making proper personal finance and money management decisions . This piece is not intended as the “be all and end all,” but it should … Continue reading
Roth IRA Conversions
Roth IRAs differ from traditional IRAs in that the Roth contribution is with after tax money, and not pre-tax money. In addition, all growth is tax free and not tax deferred, as it is with traditional IRAs. Conversion from traditional … Continue reading
Beneficiary Designations
There has always been confusion between the terms, trusts, probate and beneficiaries. How are they used? What are the advantages and pitfalls? In this posting, I want to discuss beneficiary designations and appropriate ways of caring for this subject.