What is my current cash flow? Businesses generate a source and uses of funds statement to evaluate their income and expenses and to check profitability. Similarly, a cash flow statement can help you evaluate your personal income and expenses and […]
What is my current net worth? In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time […]
Should I refinance my mortgage? Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Depending on how many months the ongoing payment savings will take to cover your upfront closing costs, […]
Should I adjust my payroll withholdings? Each April many taxpayers are surprised as they realize that they have either over withheld or under withheld on their taxes. Use this paycheck withholding calculator at least annually to help determine whether you […]
Want to read the full report? There are three basic categories of investments: moderate conservative aggressive Aggressive instruments are those primarily invested in for growth. As the chart shows, they include things such as common stocks, stock mutual funds, commodities, […]
Want to read the full report? Before you retire, you should know what all your various sources of income will be, and how much you can expect to receive from each. Obviously, Social Security benefits will be one of those […]
Want to read the full report? Nothing exists in a vacuum, meaning that even if you’ve determined the best time and method of taking your Social Security benefits based on your age, objectives, and lifelong earnings, it won’t matter unless […]
Want to read the full report? The idea behind Required Minimum Distributions, or RMDs, is that the government wants to give us a tax incentive to save for retirement – but they also want to make sure we don’t misuse […]
Want to read the full report? There is an ideal order in which to pull from retirement accounts when taking IRS Required Minimum Distributions (RMD). The goals, which often go unheeded, are to help minimize taxes, help minimize taking principal, […]
Want to read the full report? Have you ever bought a pair of pants for your child or grandchild that were too big? It’s a common occurrence, and when it happens, you basically have two options: 1) you can throw […]
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