Life often throws us around unexpected curves. Cars break down, water heaters blow up, medical expenses pile up, jobs lay people off… The best that people can hope to do is to be ready for the little things that come up – and be prepared ahead of time for the big ones too. Having a stash of readily accessible money can really help smooth even the worst situations.
Many of you may know that Benjamin Franklin is said to have coined the phrase “A penny saved is a penny earned.” He actually had quite a lot to say about compound interest. But, as it turns out, a few other founders of the United States of America had something to say on the subject of finance, too.
Continue reading about Financial Advice from Five Founding Fathers
Whether or not they admit it financial security is important to every individual. Some people have a tendency, however, to ignore what needs to be done to make their families and themselves financially secure. What is financial security anyway?
This year – 2009 – officially marks the 35th anniversary of the inception of the IRA, or Individual Retirement Account. Though these savings and investment vehicles have changed dramatically over the years, the fundamental principle is the same: preferred tax treatments as an incentive to save for retirement.
Continue reading about More Important Than Ever: Happy Birthday to the IRA
So far during IRA Awareness Week series, we have taken a look at the Roth and Traditional forms of Individual Retirement Accounts. Now we will finish by taking a look at the SEP and SIMPLE IRAs.
Continue reading about SEP and SIMPLE IRA Accounts: IRA Awareness Week
This is the second account style we’ll look at in the IRA Awareness Week series: The Traditional IRA
Continue reading about The Traditional IRA: IRA Awareness Week
