Archive for the Personal Finance Category

Balling On A Budget

By Lauren ‘Leaux’ Hawkins Lauren, pictured below, is a free-spirited, financial literate/certified, adventurous young maven whose voice will be heard with her fashion sense and through the cyber world. Even though she is a college graduate, she is still constantly learning in all aspects of life. Currently […]

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 […]

How to Choose a Financial Advisor

How to Choose a Financial Advisor

Universally, people deal with money, also known as finance, to lead a comfortable lifestyle. Generally, it refers to the exchange of goods and services in the form of one currency or another, but has also come to invoke thoughts and ideas of balance and record-keeping. Why do […]

6 Affordable Christmas Gifts for College Students

6 Affordable Christmas Gifts for College Students

1. Laptops With the revolution of technology, laptops are here to stay. Nobody can deny the fact that a laptop in the hand of a college student is the perfect gift that he/she can receive. With the ever-increasing necessity for education, the days at college are something […]

12 Steps To Saving More in the New Year

12 Steps To Saving More in the New Year

1. Set up Automatic Deposits to your Savings Account Depositing money in the bank is one of the prudent efforts that a person can make during his life-time. As it goes, the first expense should be saving, it is of prime importance to save your money. Setting […]

Latest E.I Facebook Update

Great event today at the Academy of Peace in Wilmington, Delaware. I provided attendees with a brief discussion on the importance of budgeting during the holidays. Thanks to those in attendance for the great feedback regarding my presentation. A special thanks goes to Dr. Jay Macklin for organizing, coordinating, and hosting this outstanding community..

1 hour ago

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