Building Wealth

5 Ways to Kill Your Financial Progress (And How to Get Ahead)

11.20.2010 by Jason Topp 4 comments

Maybe you’ve experienced this. You’ve been trying to get ahead financially, scrounging up a little bit here and there to save into an emergency fund or your IRA, but it just seems like you never make any progress. Why is that? What are some things that are killing your financial progress? Let’s take a look at five things that may be impeding you financially, and ways to overcome…

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What are Required Minimum Distributions or RMDs?

11.07.2010 by Jason Topp 0 comments

We often spend a lot of time determining how much is needed to retire to create a paycheck that we forget we may get a raise once we reach age 70 1/2. This could have a huge tax impact on a taxpayer’s situation. So today I want to shed some light on Required Minimum Distributions…

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6 Retirement Planning Tips For Middle-Aged Procrastinators

10.26.2010 by Joe Plemon 22 comments

My 56 year old friend Colin (fictitious name), recently told me that he plans to retire at age 65 and then kick back and do what he wants. His retirement will include traveling when and where he (and his wife) choose, driving his vehicle of choice and pretty much living the good life…

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Long Term Care Insurance: Are Seniors The Only Ones Who Need it?

10.24.2010 by Jay Peroni 3 comments

Many in their 40s and 50s begin to wonder about long-term care insurance. They may be taking care of an aging parent or seeing someone they love that needs an assisted living facility, in home health care, or a nursing home. So that brings up an interesting question: who needs long-term care insurance?

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4 Habits of Millionaires

10.21.2010 by Craig Ford 13 comments

The book The Millionaire Next Door is a book that analyzes the financial habits of millionaires. The book shares the results from interviews and surveys with millionaires. The goal of the book is to give an accurate idea of what characteristics make a millionaire. I found four of those characteristics especially important…

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Why Is Warren Buffett Successful? 5 Tips for Success

10.14.2010 by Jason Price 7 comments

Overall, YahooFinance provides some pretty good tips that even Warren Buffett has followed such as living below your means. Mr. Buffett, worth $45 billion, does more than top notch investing. Here are my thoughts on why Warren Buffett is successful and how we can be too (I’m interested to hear what you think too):

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Learn How To Invest In Stocks – For Free

10.01.2010 by Bob 4 comments

Have you wanted to learn to invest in stocks and mutual funds, but don’t know where to get started? Well, Morningstar has a bunch of stock investing classes online that you can take for free. The classes start with the simplest basics of investing in stocks and move on to more advanced topics for those interested…

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Living the American Dream: Don’t Mortgage Your Future To Chase It

09.25.2010 by Jason Topp 10 comments

Ahh, the thought of living the American Dream. Everything we could ever want or ask for, right? Not so fast! It’s not that the American Dream is bad – in fact, who wouldn’t want material success and prosperity. We all do, to a degree.

But there’s a big irony about the American Dream – most folks mortgage their futures to chase it. Millionaire Next Door authors Thomas J. Stanley and William Danko, point out in their research that most of the folks whom society would deem as wealthy were simply over-leveraged…

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