Brexit Effect Review

Why you Need to be Aware of the Brexit Effect In a national referendum, Britain has voted in favor of Brexit (Britain’s Exit from the European Union); an astounding decision, closely followed around the Globe, as repercussions from this decision will be far reaching. What Americans can expect from Brexit Reuters showed markets dropping from…

Bond Changes – Risky Or Safe

2016 Bond Changes- Are Bonds Still Safe or Too Risky Two years ago, the SEC announced a change in its Money Markets rules. Going into effect October 14, 2016, Institutional prime money market funds will be forced to use a floating NAV (net asset value), instead of using the fixed $1 per share price that…

403b Plan: Am I Eligible

What is a 403(b) and can I get one through my employer? A 403(b) plan is tax-sheltered annuity (TSA) plan, is a retirement plan for employees of public school systems, employees of certain tax-exempt organizations, and certain ministers. Additionally, the following organizations may offer a 403(b) plan: A tax exempt 501 (c) organization (not for…

IRA: Is a Individual Retirement Account Right for You

IRA; Everything You Need to Know on Individual Retirement Accounts IRAs, unlike the popular 401K or the lesser known 403B are individual accounts, not set up by employers. In fact, IRAs are often used by self-employed individuals. That being said, there are several types of IRA accounts, each with eligibility restrictions based on your income…

401k Investment

What is a 401(k) plan? Is this the best plan for me? History of the 401(k) plan. The 401(k) plan is named for the section of the tax code that governs it. The rules established in the Revenue Act of 1978 made it possible for employers to create tax advantaged savings accounts for their employees,…