Blog Archives
Is Your Financial Future Secure?
In the current economy of highs and lows, having a strong financial position is more important than ever in making sure that your financial future is secure. It can help you in eras of uncertainty and provide a sense of … Continue reading
Tagged Financial Future
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Take Control of Your Future
Don’t put your faith in pension plans that may or MAY NOT be there when you need it. There are multiple issues that could go wrong with your pension plan if you even have one. You need to take control. … Continue reading
Highlights of changes for 2023
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased to $22,500, up from $20,500. These are just a few of the highlights of change for 2023. The … Continue reading
Tagged 401(k), 403(b), 457, IRS
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What is the Difference Between a Traditional IRA and a Roth IRA?
Roth IRA A Roth IRA is an individual retirement account that offers the opportunity for tax-free income in retirement. Annual contributions are taxed upfront and all earnings are federal tax-free when they are distributed according to IRS rules. This is much … Continue reading
Tagged Roth IRA, Traditional IRA
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What Happens If Your Life Insurance Company Fails?
“What Happens If Your Life Insurance Company Fails?” should be question that we all ask. In the rare case, a life insurance company fails, there is already a safety net ready to protect your policyholders. Most life insurance companies stay … Continue reading
Is the 401(k) Plan a Rip-Off?
The focus of the following article will be on 401(k) pros and cons, including the history of the plan and why it is that virtually all working-class Americans are participants. In other words, “Is the 401(k) Plan a Rip-Off? The … Continue reading
Two Sides of the Same Coin
Two sides of the same coin. If you create an infinite bank (infinite banking), you are also creating a tax-free retirement account. If you are creating a tax-free retirement account, you are also creating an infinite bank. Infinite Bank (Infinite … Continue reading
Jim Harbaugh agrees to increased compensation in form of life insurance- 2016
Michigan Head Football Coach Jim Harbaugh Michigan and football coach Jim Harbaugh agreed to a contract amendment that will increase total payments from the school to $9 million in 2016. It is increased compensation in form of life insurance. In … Continue reading
Tax-Free Income
Taxes are a necessary part of our financial lives, and it’s important for every American to pay their fair share. However, it’s not fair for the average American to pay a much larger proportion of their income in taxes than … Continue reading