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IRA Contributions

March 23rd, 2014 Posted in Business, Finance Tips

This is the time of the year to make your IRA contribution. Remember you have till April 15 or till you send in your tax return to contribute for 2013. It is also a great time to start your 2014 IRA contribution, the sooner the money is deposited the sooner it can start to grow. Remember to make sure you contribute the correct amount based on your age, income and other plans you may have at work. Check out both traditional and Roth IRAs if opening a new account.

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Plan ahead

March 13th, 2014 Posted in Business, Finance Tips

EisenhowerWell it is the time of the year to try and plan ahead. Sometimes we do business with more financial institutions then is really necessary and it can help to consolidate some accounts. Old retirement plans where you used to work, or from distant cities where you used to live or travel to. Planning is essential. Here is a quote from D. Eisenhower “In preparing for battle I have always found that plans are useless, but planning is indispensable.” Keeping as much of your money as legally possible can be a real battle that you want and need to win.

Think about the long term!

March 4th, 2014 Posted in Business, Finance Tips

Remember when investing you are making decisions for the long term. Don’t be swayed by short term news and events for they will rapidly pass into history. Remember your investing plan sell if your plan calls for it but beware of short term events. Once you sell, you must then make a decision as to what to buy and when. Plus you have now incurred additional expenses and possibly tax consequences.

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