Creating Income with a Mix of Fixed-Investments and Dividend Stocks
Bil Lako, CFP® and Dr. Gene discuss a strategy for an investor who was burned by the market and lost his 6% dividends.
Deposit and Money Market Insurance Coverages
Between the bailouts and various financial legislation, many investors have wondered how much of their deposits are covered by FDIC insurance. For more information on the standard FDIC limits, coverages specific to the type of account, and the new programs developed by the FDIC, read this Financial Tip.
Social Security: Your Earnings and Benefit Estimate Statement
About three months before your birthday, taxpayers should receive their "Earnings and Benefits Estimate Statement" from the Social Security Administration. This annual report will give you an idea of how much you may receive in Social Security when you retire. For a description of the information you will find on this statement, read this Financial Strategy.
Important Changes to Education Savings Accounts (ESAs)
Beginning in 2011, Education Savings Account contributions will be capped at $500 per year per child, and expenses for primary education will not be considered qualified expenses. For more changes to these accounts and recommendations on what you can do with funds in an ESA, read this Financial Strategy.
Converting to a Roth IRA
Bil Lako, CFP® and Dr. Gene discuss some of the major considerations for converting a Traditional IRA to a Roth.
Income Portfolios
At Henssler Financial, we have established our Henssler Model Portfolio, which is a mix of our recommended high quality, individual common stocks. Our Model generally yields between 1.5% and 2% in terms of dividends. Over the years, we have also created a couple of income portfolios, one that has a higher current yield with…
Some Tips of Traveling Abroad and Staying Within Your Budget
A tight economy is no reason to postpone your travel plans until better times. While our econonomy is beginning to recover, bookings are still soft for airlines and hotels, so you may be able to benefit from discounting. For more information on how to stretch your dollar especially when traveling abroad, read this Financial Strategy.
Investing for the Long-Term
Let’s create a visual here. Picture an editorial cartoon of a Prius driving down the road. In that Prius are two graduates hanging out the windows drinking from what looks like vodka bottles, but instead of vodka, the bottle says “Power.” There is also a sign under the window of these graduates that says…
The Importance of Naming a Guardian for Your Minor Children
A guardian is someone who the parents choose to care for their minor children in the event they cannot. While this may prove to be a tough decision to make, once agreed upon, the guardian can be simply named in the parents’ Wills. For more information, such as the things to consider when choosing a guardian, read this Financial Strategy.
How Children Affect Your Financial Life
Children play a humongous role in your financial life. When adding a child to your family, you should prioritize and address the most critical areas of your finances to prepare for the future. Having a child involves estate, insurance, tax, and education planning. For more information on how a child affects each of these key areas, read this Financial Tip.