Pros and Cons of a Big Tax Refund

Tax season for this year has come and gone, but now is the time to think about next year and start planning for it. If you got a big refund, it's time to think about whether or not this is the right option for you. Everyone is different, so what works best for one may not work best for someone else. According to the experts, there are way more cons to getting a big tax refund, than pros. The biggest pro is this: Forced Savings If you have difficulty saving money, this is basically forced … [Read more...]

Six Critical Ages to Remember When Planning Your Retirement

Retirement planning can seem pretty daunting at times. If you are young, you may be thinking that you don't need to worry about it just yet. If you are older, you may just be in denial. No matter what your age though, even if you are young, you need to know these important age milestones because they each can play a significant role in how you are going to fare when you do finally retire. Age 50 When you turn 50, you are eligible to start doing extra "catch-up" contributions to your 401k and … [Read more...]