Personal Finance

HELP FUND A YOUNG PERSON’S ROTH IRA

December 18, 2015

HELP FUND A YOUNG PERSON’S ROTH IRA

  • CANNOT FUND MORE THAN YOUTH EARNED THAT YEAR
  • CANNOT BE MORE THAN THE MAXIMUM ANNUAL CONTRIBUTION ALLOWED
  • $5500 IN 2015
  • $5500 IN 2016

Watch the related WEALTHTRACK episode.

PLAN AN OVERSEAS VACATION TO TAKE ADVANTAGE OF THE DOLLAR’S STRENGTH

March 27, 2015

Watch the related WEALTHTRACK episode.

TAKE ADVANTAGE OF TAX DEDUCTIBLE GIFTS

December 19, 2014
  • Donate appreciated stocks or mutual funds to favorite charity
  • Must have held for at least one year
  • Make bequests during your lifetime
  • Give up to $14,000 per person to as many people as you like without filing a gift-tax return
  • Max out 401(k) plan

Watch the related WEALTHTRACK episode.

ASSESS YOUR RISK TOLERANCE WITH A FINANCIAL ADVISOR

January 25, 2013
  • Determine the rate of return needed to reach your life’s goals
  • Ask yourself how much you can afford to lose over the course of any given year and reach those goals
  • Understand your emotional tolerance for risk

Watch this Episode

RESOLVE TO BE A MORE EFFECTIVE GIVER THIS YEAR

January 4, 2013

Combine head and heart

Get to know:

  • organization
  • leadership
  • programs

Ask for:

  •  Strategic plan
  • Annual reports
  • 990 IRS form

 Watch this Episode

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