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.
Guest post from David Waldrop, CFP® with Bridgeview Capital Advisors, Inc.
Savers have you been frustrated with low interest rates offered from banks? I feel your pain! Universally clients always ask where they can get a little bit better interest rate for their savings accounts. I usually tell them that they need to be patient and interest rates will rise someday. Looking to online banks is a viable alternative.
Bringing balance to our lives is something all of us strive for daily. It might be balancing your work and family life or your professional goals and your personal goals. We struggle to figure out how to best meet the demands that we are looking to accomplish. Our investments have an alignment issue at times as well.
The leaves are starting to fall and pile up which means we are less than two months away from year end. Here are a few simple things you can do to help your financial situation as we wrap up 2015.
Review Your 401k
Family’s schedules are typically packed with school, activities for you and your children and squeeze in work for you. I recognize the last thing on your mind is putting together or establishing an estate plan.
A dollar today or two down the road. That is how you should approach using your Health Savings Account (HSA). Those individuals and families who have high deductible insurance plans can participate in HSAs and contribute on a pretax basis.