The wisest thing that you can do for your future is to have a solid financial plan in place. Changes can happen in your life when they are least expected, which could put you in a bad situation financially. If you have enough money saved up in the bank, you will be able to get through certain situations a lot easier. You can hire a consultant that can help you make plans for saving money in a way that will not be a struggle to do.…
Read More »Roth IRAs are primarily used for retirement planning, but the flexibility inherent in a Roth IRA lends itself to shorter-term financial planning. Tax filers with earned income under certain levels can receive a tax credit for funding a Roth account. The Credit for Qualified Retirement Savings Contributions, often referred to as simply the saver’s credit, may be claimed for a Roth IRA contribution. Depending on your income level, the saver’s credit can be as much as 50 percent of your contribution to a Roth IRA.…
Read More »Making the decision to have one parent stay at home is something that many families will have to debate. There are many positive points to having two wage earners in the home and there are just as many pros for having a parent caring for the children full time. The money issue for a stay-at-home parent is a true concern. Here are some ways to plan out retirement solutions before becoming a stay-at-home parent and maintaining them afterward.…
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