Do you need an IRA? An IRA offers you a great way to save for retirement and receive income tax benefits. The basic IRA contribution limit for 2011 is $5,000. If you turn age 50 or older during the tax year, you can make an additional $1,000 contribution. Traditional IRA A Traditional IRA provides tax-deferred […]
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When should I convert term life insurance to permanent life insurance
Both term and permanent life insurance are sound life insurance products for obtaining death benefit protection. Yet over time, permanent life insurance coverage can offer greater long-term advantages to you and your loved ones. At first, term life insurance is less expensive than permanent life insurance coverage. But term life insurance premiums are based on […]
Before you invest: Three questions to ask yourself
Why are you investing? Is your goal short-term in nature, like saving money to buy a new car or take a Caribbean vacation next year? Or do you have a long-term goal of accumulating money for your childrenÕ’ college education or your future retirement? For short-term goals, consider saving money in a savings account. This […]
College Saving: Four Simple Steps
Don’t be discouraged by the rising costs of education. You can reach your college savings goal with these simple steps. 1. Start now – It’s never too soon to start saving! Investing a small amount of money each month toward your educational goal can help increase your savings over time. 2. Save systematically – Make […]
