IRA Retirement
What is a SIMPLE IRA plan?
Aug 24th
A SIMPLE IRA plan is an IRA-based plan that gives small employers a simplified method to make contributions toward their employees’ retirement and their own retirement. Under a SIMPLE IRA plan, employees may choose to make salary reduction contributions and the employer makes matching or nonelective contributions. All contributions are made directly to an Individual Retirement Account or Individual Retirement Annuity (IRA) set up for each employee (a SIMPLE IRA). SIMPLE IRA plans are maintained on a calendar-year basis. See IRS Publication 560, IRS Publication 590 and IRS Notice 98-4 for detailed information on SIMPLE IRA plans.
Types of IRA Retirement Plans
Jul 22nd
Retirement plans are an excellent way to plan for your future. It is a way to guarantee a stream of income when you retire or stop working due to any other reason. An Individual Retirement Account is commonly known as an IRA. It is a retirement plan that offers many tax advantages for retirement savings. More >
Retirement planning
Apr 30th
When it comes to planning for your retirement the first part of the retirement planning that comes to mind is the financial aspect of retirement. You end up wondering if you will be able live comfortably after you retire and whether or not you will have enough money to keep up your standard of living. If you feel that it is time that you start to save for your retirement then you can either tackle your retirement planning on your own, or if you do not feel secure enough doing it yourself you can always ask a financial professional for advice on retirement plans. More >
Portfolio manager: its a balancing act
Apr 30th
You’ve carefully weighed in your own mind how you want your retirement portfolio to look: just the right amount of your assets allocated to stocks versus fixed-income investments. You feel comfortable with the growth/income and risk profile of your investment portfolio, and you have carefully diversified your assets over all the investment categories, and even within each category. Then, inevitably, the market jumps up or down, and your investment portfolio is thrown completely off balance. More >
What are stocks?
Apr 30th
The Definition of a Stock
Plain and simple, stock is a share in the ownership of a company. Stock represents a claim on the company’s assets and earnings. As you acquire more stock, your ownership stake in the company becomes greater. Whether you say shares, equity, or stock, it all means the same thing.
Being an Owner
Holding a company’s stock means that you are one of the many owners (shareholders) of a company and, as such, you have a claim (albeit usually very small) to everything the company owns. Yes, this means that technically you own a tiny sliver of every piece of furniture, every trademark, and every contract of the company. As an owner, you are entitled to your share of the company’s earnings as well as any voting rights attached to the stock. More >
