As you enter your 30s you start running out of excuses on why your financial house is not in order. As you get older time is at a premium to spend on mapping out your goals and achieving them. I often hear people say they don’t know where to start!
With most stock indices in a bear market it is helpful to remember some simple things to prevent you from making a huge financial mistake. Bear markets may be named after an animal but you need to keep your animal instincts at bay. Keep in mind these do's and don’ts of a bear market.
All of us have big audacious long term financial goals that we would like to achieve. With these big goals set, short term goal should be a cinch to get checked off our list, right? Not so fast! We can get distracted easily when trying to reach our short term goals. Here is our guide to achieving your short term financial goals.
When you get a big raise or a significant promotion you naturally want to celebrate. This may include treating you and your spouse to dinner out or a vacation you have been talking about for years. It might also mean you are going to increase your spending to coincide with your new income growth. Lifestyle creep is something that impacts people in different stages of life.
When I wear my financial planner hat, I give advice to clients, friends and via the Castlebar blog on a regular basis. I wish I had followed all my advice that I'm giving now to my clients throughout my entire life. I've made a lot of mistakes along the way and some were real gems.
Guest post from Jason R.
One of the few hobbies I have been able to keep up as I enter middle age is reading. I read a lot more this year, but only a few books make the cut that I would recommend to you. If you are looking to pick up something to read this holiday season here are a few of my favorites for 2015.
Investing and Business Books
SEP-IRAs (Simplified Employee Pension Individual Retirement Arrangement) have been the most common retirement plan for self-employed` individuals and small businesses owners. They allow business owners to contribute a chunk of money to their retirement plans while reducing their tax bills at the same time.
After tax 401k contributions have been a source of confusion for most people who can contribute to a 401k plan. It used to be tricky how to handle after tax 401k contributions once you leave your company or retire.