investing

Investing In Gold And Silver

05.20.2013
investing in gold and silver

The following is a guest post from Cindy who writes at Midlife Finance. After my post on ways to hedge your bets for expenses and investing, one commenter asked about investing in gold. Was it a good option for safeguarding your money? Well, yes…maybe. First, it’s necessary to decide how you want to deal with these precious metals. (I’m adding silver into the discussion, though other metals, like platinum and copper, are also significant.) People have been using them for coinage and ornamental purposes for thousands of years; early civilizations like the Sumerians and Egyptians seem to have focused primarily on [...]

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Defensive Investments To Weather A Stock Market Correction

04.26.2013
Defensive Investments To Weather A Stock Market Correction

First of all, I am not a financial advisor and I have no idea what the stock market is going to do next. I’m just trying to play defense on my IRA and you need to do your own research before making big changes to your investment. The reason why I’m writing this article is because I need to research and figure out what to do. Hopefully, I can get some suggestions from more experienced investors as well. Last November, I rolled over my 401(k) to an IRA and invested everything in the stock market. This was a bit risky [...]

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Who the heck has $3,000,000 in their IRA?

04.19.2013
Obama cap 3 million IRA Mitt Romney $100,000,000 IRA

Have you paid attention to President Barack Obama’s 2014 proposed budget? It includes a provision to put a 3 million dollar cap on your tax-preferred retirement accounts. This proposal would generate $9 billion in revenue for the Treasury over the next decade according to White House. Actually, the limit would be based on the amount needed to buy an annuity that will pay $205,000 per year. What’s my cap? First of all, it seems a little silly to base the limit on annuity. The payout varies according to your age, sex, inflation, and interest rate. If you are a 62 [...]

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Reaching for the 15% Tax Bracket

04.15.2013
Reaching for the 15% tax bracket

Whew! Tax day is almost over. This is the first year that I seriously considered hiring a professional to do our taxes. Our taxes were quite complicated this year and I spent 2-3 hours every weekend since late February to get it done. I decided to keep doing our own taxes because we will be able to plan better next year. Let me complain a bit first and then we’ll see how doing your own taxes can help you plan. I had more income sources than ever in 2012 and that means more 1099s than ever. The self employment tax [...]

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