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Another Silver Lining to Investing in an IRA

By on March 19, 2013 in Achieving Financial Independence, Balanced Living, Estate Planning, Goals-Based Planning, Post-Retirement Planning, Tax Planning, Uncategorized

This is the time of year you will hear much about IRAs (Individual Retirement Accounts) This is because an IRA contribution is the last tax deduction you can still create for your 2012 tax return to make a pretax IRA contribution (provided that you not eligible for another form of retirement saving, ect 401k defined benefit [...]

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Dow Hits All-Time Record – Looking Backward and Forward

By on March 5, 2013 in Achieving Financial Independence, Investments, Policy and Your Money, Post-Retirement Planning

  The Dow Jones Industrial Average (Dow) closed just above its peak 5 ½ years ago, but as you will see below much has changed over that time. The Last Time The Dow Was Here (Oct. 2007) vs. Today: Dow Jones Industrial Average: Then 14164.5; Now 14253 Regular Gas Price: Then $2.75; Now $3.73 GDP [...]

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Entrepreneur’s Max Out Retirement Contribution (up to $55k/year) READ TIME: 3 Minutes

By on August 17, 2012 in Achieving Financial Independence, Balanced Living, Investments

 I set up my financial planning practice in Glen Ellyn back in 1996, one of my first concerns was how I would save for retirement as an entrepreneur.   At the time, the best plan for me was a SEP IRA which allowed me to set aside 25% of my “net” income.  Several years ago a [...]

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Why I Contribute to a Roth 401k

By on January 24, 2012 in Achieving Financial Independence, Post-Retirement Planning, Tax Planning

The number one reason I contribute to a Roth 401(k ) rather than a traditional 401(k) is that I am protecting myself from a confiscatory (taxes) government.  Our Government is on pace to go belly up thanks in large part to entitlement programs out of control costs.  I believe there is a good chance that [...]

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