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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