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Good Financial Reads: Eat Your Vegetables, SEP IRA’s, and More

Good Financial Reads 03.25.16

Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.

Catch up on some of the latest posts with this week’s roundup:

 

Eat Your Vegetables: A Life Insurance Primer

by Pam Horack, Pathfinder Planning

My kids love vegetables! I might have the only boys who will eat asparagus and brussels sprouts. They know that vegetables are good for building healthy bodies. Even if they think they won’t like a vegetable, they give it a try.

Most of us don’t like vegetables this much, even though we know they are good for us. The same goes for insurance. It’s not fun, glamorous, or sexy, but we do need it to build a healthy financial platform for future investing.

[Read the Full Article]

 

A SEP IRA Is An Easy Retirement Plan for Small Business Owners

by Aaron Hatch, Woven Capital

With many individual retirement account options, it’s hard to choose the vehicle that will help you maximize your retirement savings. One option is the Simplified Employee Pension plan, also known as the SEP IRA.

An individual retirement arrangement is an account that allows holders to make investments that will provide them with tax advantages as they establish financial security for their retirement years.

[Read the Full Article]

 

IRAs 401ks or both?

by Jeremy Portnoff, Portnoff Financial

I just answered a question on www.Nerdwallet.com which was “You can have a Traditional IRA and a Roth IRA; but can you also have a 401k and a Roth 401k, all 4 at the same time?” and thought I’d put this on my blog since it is a common question. Here is my answer:

Yes, you most certainly can have a Traditional IRA, a Roth IRA, a 401k, and a Roth 401k all at the same time. The issue will be which you can contribute to and how much.

[Read the Full Article]

 

20 Smart Choices to Make With Your Tax Refund

by Mary Beth Storjohann, Workable Wealth

If you’re someone who receives a tax refund, the sudden surge in cash, no matter how large or small, is sure to put a smile on your face. You overpaid your taxes for the year and now you have some extra money you weren’t necessarily expecting.

So, what do you do with your tax refund? Here is a list of 20 smart money moves you can make with your tax refund:

[Read the Full Article]