Wendy is now age 50, a great time to shop and buy long term care insurance, LTCI. The reasons to buy on or before age 50 are twofold; premiums are low relative to waiting as most do into the next[…]
Read more...In our last two sessions, Wendy opened a Safe Harbor Roth IRA for tax year 2011 and took a $50,000 loan from her 401k plan to fund a tax-favored investment. Today, we’ll explore her greatest risks; short and long-term disability.[…]
Read more...By Steven Wightman, CFP, NAPFA Registered Financial Advisor With no income cap for 2011-2012, many people are thinking of converting their traditional IRAs to Roth IRAs. Pause before you leap. I think two important and often missed[…]
Read more...By Steven Wightman, CFP, NAPFA Registered Financial Advisor. This article is about how to build personal wealth in the 21st century. However, if you’re expecting hot stock tips or a nifty new way to use the Internet to invest[…]
Read more...A Roth provides tax-free retirement income, but how do you navigate the tough five-year rules to open one? Want tax-free lifetime income? Can’t convert to a Roth IRA in 2012 because you’ll be over the income limit? Open a[…]
Read more...In the prior issue, Wendy decided to place a little less than 10% of her retirement savings, 50K, in a private placement as an independent drilling contract, IDC, in oil and gas development as a general partner. Although this investment[…]
Read more...In the last issue, ficticious client Wendy Wise increased her tax deferred retirement contributions to close the gap in her retirement savings rate. Had she not done this, she would have been forced to work into her late 70’s to[…]
Read more...In my last article we looked at adding monthly covered call income to cash flows. In this article we’ll look at the other side – cutting expenses and increasing retirement savings without feeling a squeeze. My fictional client is Wendy[…]
Read more...Up Your Cash Flows Even – In This Anemic Market Cycle By Steve Wightman, CFP Author of Women, Wealth, & Wisdom; Unleash The Fire Within To A Life Of Purpose. C. 2011. December 10, 2011 Could you use a little[…]
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