Everyone knows that having good credit is essential to survive in this day and age. If you don't have it you may get turned down for essential credit or if you are approved you may have to pay an inflated interest rate because to the lender you are a bad credit risk. So, what can you do to improve it and keep it healthy? If you have had to file bankruptcy or perhaps you have a repossession on your credit report and it … [Read more...]

The Roth IRA was created in 1997 and created quite a bit of excitement; however 2010 just may be its most exciting year yet. While many of the contribution limits and the basic rules are the same one thing that is changing is the Roth IRA conversion. Of course, another constant of the Roth IRA is that tax free money awaits you when you hit retirement. Here are a few of the major rules of the 2010 Roth IRA: 1. The … [Read more...]

Let’s face it, you can feel overwhelmed with the amount of paperwork that you generate and how much of it you may need to retain. Exactly how long should you hang on to those tax returns, bank statements, 401k records, etc.? When it comes to brokerage statements most of the experts claim that you can get rid of the old one when you get a new one, but many people prefer to keep at least 6 months worth of them. … [Read more...]

You may have heard about the Roth IRA, but you may not be entirely clear on what it is; the Roth IRA is an Individual Retirement Account providing tax free growth. It is quite possibly one of the simplest and possibly one of the most effective, of the sheltered accounts available. Rather than getting taxed twice, or more, like you would with a regular tax investment type account with a Roth IRA you will be taxed one … [Read more...]