Posted July 29, 2009 - 12:00 by Philip Brewer
Your IRA and 401(k) (or 403(b) if you work for a non-profit) are great tools for deferring taxes, and have other advantages as well. But because they're labeled "retirement" accounts, people are much too likely to put the wrong investments in them. Here's how to use them correctly.
Posted April 12, 2009 - 13:18 by Philip Brewer
There are things the rich do that working class and middle class folks don't. Some of them--living off the return on capital rather than wages or salary--are only available to the rich. Others--seeking a first-rate education for your kids, working for yourself rather than others--are things that ordinary folks do to the extent that they can, but their ability is limited. Even so, it's worth learning the tactics of the rich and applying them where possible.
Posted March 21, 2009 - 09:33 by Debbie Dragon
Most definitions for “investing” indicate that the term is used to describe money that is invested with an expectation of profit. This definition determines that an investment doesn't necessarily need an element of risk in order to be considered investing, even though many people fear investing because of the risk of losing their money.
Posted December 27, 2008 - 13:15 by Philip Brewer
Budgets tend to focus on needs--food, shelter, heat, light, transportation, and (of course) taxes. They also provide for wants, but generally the smaller, shorter-term wants--cable TV, a magazine subscription, an occasional restaurant meal. Instead of a budget line, the larger, longer-term wants are covered implicitly when your budget spends less than all you earn. Somewhere, though, those big, long-term wants deserve a plan.
Posted May 11, 2008 - 14:04 by Jabulani Leffall
There is a burgeoning form of Islamic fundamentalism and it has nothing to do with hate speech or bombs -- Shariah-compliant financing. These loans, based on the premise that there is no production value in credit and that loan issuance must be based on tangilbe assets and require tight debt levels, are not only growing exponentially in use but are available to non-Muslims and well, kind of make sense in some cases.
Posted April 28, 2008 - 05:08 by Philip Brewer
Do you need a kick in the pants to get you saving for retirement? Do you need someone to wave their arms and run around screaming that your whole future is at risk, in order to motivate you to put some serious money aside and take the time to learn how your 401(k) works? If so, this is the book for you.
Posted November 7, 2007 - 07:02 by Philip Brewer
This is the first Wise Bread post that I've been afraid to write. I've thought about it many times, but haven't even gotten as far as making notes until today, when I finally figured out why it was so tough: It's going to be wrong. Five years from now, there's going to be one investment that did better than any other. Every asset allocation, besides 100% that investment, will turn out to have been wrong. In the face of that, how should we go ahead and allocate our investment dollars?
Posted September 17, 2007 - 19:44 by Nora Dunn
You (or somebody you know) can have your cake and eat it too utilizing the Insured Annuity concept. It's a way to provide a guaranteed tax-preferred lifetime income while guaranteeing all your capital too. Too good to be true? Read on....
Posted September 8, 2007 - 20:41 by Nora Dunn
I know that Wise Bloggers are smart readers, so you might already know everything there is to know about mutual funds. However I have come across many very smart people who don't always have the full scoop on the mechanics of mutual funds. Hence: this refresher article.
Posted August 30, 2007 - 03:26 by Philip Brewer
There are those who point to the 1980 peak gold price of $850/oz and observe that the price would have to go up to $2149/oz just to get back to that point. I say, take a second look at the data.
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