Archive for the Investments Category

Reasons Why Health Savings Accounts Show Rise in Popularity

More and more Americans are definitely availing of a health savings account (HSA). November 2013 figures show HSAs have accumulated up to $18.1 billion in assets nationwide since they were introduced in 2004. In a nutshell, a health savings account helps you save on future medical expenses […]

5 Things to Think About Before Choosing a Discount Broker

5 Things to Think About Before Choosing a Discount Broker

Here are some factors you should definitely consider before you choose a Discount Broker: Breadth of Investment Products and Mutual Funds All of the discount brokers out there allow you to trade stocks. What they all don’t offer is the same amount of mutual funds or other […]

5 Exceptions to the IRA 10% Penalty for Early Distributions

5 Exceptions to the IRA 10% Penalty for Early Distributions

Here are 5 exceptions to the 10% Penalty for Early Withdrawals I’ve come up with after sourcing through the documentation provided by the IRS on IRA’s. Take advantage of these only if you have to, taking money out of your retirement is serious business. Medical Insurance That’s […]

Simple IRA or SEP IRA? Which one Should I Choose?

Simple IRA or SEP IRA?  Which one Should I Choose?

Today I’m going to compare two IRA’s side by side to give you some insight on which is the best for you. The two we are going to look at are the Simple IRA and the SEP IRA. If you wish to know some more in depth […]

SEP IRA Basics

SEP IRA Basics

What is a SEP IRA? An SEP-IRA is a variation of the traditional IRA and is used by small businesses to provide retirement benefits for its business owners and their employees. SEP-IRAs do not require the start up costs that conventional retirement plans have and allows contributions […]

SIMPLE IRA Basics

SIMPLE IRA Basics

What is a SIMPLE IRA? A SIMPLE IRA is a tax-favored retirement plan that certain small employers and the self employed alike can set up for the benefit of they’re employees or when talking about the self-employed, can set up to benefit themselves.  SIMPLE IRAs are written […]

Traditional IRA Basics

Traditional IRA Basics

What is a Traditional IRA? A traditional IRA is an IRA that is not either a SIMPLE IRA or Roth IRA. They have two main advantages for investment and those are 1.) You can deduct some and sometimes all contributions to it, which just depends on your […]

ROTH IRA Basics

ROTH IRA Basics

What is a Roth IRA? A Roth IRA is an individual retirement plan that provides more flexibility than a traditional IRA.  The Roth IRA offers many advantages over a traditional IRA but has an income limit that is based off your filing status.  Roth IRAs are a […]

Diversify your stock portfolio

Diversify your stock portfolio

Diversify your stock portfolio. A good rule-of-thumb is never invest more than 20% of your portfolio in any one company. Even if the company’s performance is solid you should consider spreading your stock in several different companies that have a good performance record.

When making investments, patience is a virtue.

When making investments, patience is a virtue. When investing in stocks, remember that you may not yield returns overnight. Usually, it will be a few years before for you obtain significant returns in your stock investments. Be patient and let your stock investments make money for you.

Latest E.I Facebook Update

E.I. Tip: Host a BBQ for the 4th of July Weekend. Host a Traditional Barbecue. According to the American Farm Bureau Federation, the classic backyard barbecue is one of the only Fourth of July ideas that is actually becoming less expensive. A 10-person cookout costs roughly $56.00 — or about $5.58 per person, which is about 3% cheaper than it was..

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