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Joint vs. Separate Checking Accounts, Which is Better?

Joint vs. Separate Checking Accounts, Which is Better? 1

Some people swear by joint checking accounts. Others wouldn’t touch it with a 10 foot pole, and prefer to stay with separate checking accounts. Which is the better way to go? That probably depends on personal factors more than anything else.  Personal preference is a consideration, but there may be some other factors that are … Read moreJoint vs. Separate Checking Accounts, Which is Better?

Why You Need an IRA Even if You Have a 401(k)

Why You Need an IRA Even if You Have a 401(k) 3

Most of us like simplicity in life, and that even includes retirement planning. If you actively participate in the 401(k) plan with your employer, you may assume that you’ve got your retirement covered. But as the saying goes, never assume anything. Investing in an individual retirement account (IRA) is an opportunity to supplement your 401(k) … Read moreWhy You Need an IRA Even if You Have a 401(k)

Preparing for the Non-Financial Side of Retirement

Preparing for the Non-Financial Side of Retirement 5

When planning for retirement there’s an overwhelming tendency to focus on the financial side, and as well as should be. Without a solid tax-deferred retirement plan there would be no retirement for most people. But there’s also a non-financial side of retirement that we need to be concerned with too. If we concern ourselves strictly … Read morePreparing for the Non-Financial Side of Retirement

What To Do When You Can’t Pay Your Student Loan Debt

What To Do When You Can't Pay Your Student Loan Debt 8

Student loans are becoming a problem for more college graduates — or more particularly the ability to pay them. Higher college tuition and fees has led to larger student loan debts with commensurately higher monthly payments. This can be a heavy burden for a young person trying to make their way into adult life. But … Read moreWhat To Do When You Can’t Pay Your Student Loan Debt

The Key Advantages of Buy and Hold Investing

The Key Advantages of Buy and Hold Investing 11

We can debate whether buy-and-hold is a more effective method than other investment strategies, but it has two advantages that are beyond question. One is that transaction fees are generally lower with buy-and-hold than with other more active investment approaches. The second, which is even bigger, is the long-term capital gains tax benefit. Both of … Read moreThe Key Advantages of Buy and Hold Investing

Stopping Retirement Contributions to Get Out Debt

Stopping Retirement Contributions to Get Out Debt 13

There is a general consensus that when it comes to retirement contributions you should start early and never stop. But there may also be times when contributing is either undesirable or even impossible, and you’ll need to take a retirement contributions “time out”. One of those situations is when you are in debt. It’s hard … Read moreStopping Retirement Contributions to Get Out Debt

Are Bonds and Bond Funds Safe Investments?

Are Bonds and Bond Funds Safe Investments? 16

When we build an investment portfolio it should include a mix of higher risk securities as well as safer investments. This usually divides the portfolio neatly between stocks and bonds. And with mutual funds and exchange traded funds (ETF’s) being so popular, that usually means stock funds and bond funds. But are bond funds really … Read moreAre Bonds and Bond Funds Safe Investments?

How Portfolio Diversification Helps Your Investments

Discussion of investing usually centers on growth type assets, like stocks, commodities or real estate. Not only are those investment generally the best performers over the long run, but they also tend to be more complex than stable, interest bearing securities. The mix of the two broad asset classes is the basis of portfolio diversification. … Read moreHow Portfolio Diversification Helps Your Investments

What Can You Do If You Have No Health Insurance?

What Can You Do If You Have No Health Insurance? 22

We all know that everyone should have some kind of heath insurance. At a minimum, we should have it to cover medical emergencies that can run into the hundreds of thousands of dollars. Then there are the healthcare provider network discounts that come with virtually every health insurance plan. That can cut the cost of … Read moreWhat Can You Do If You Have No Health Insurance?