Founding and Managing Member of Werth Wealth Management, LLC
Financial Advisor, RJFS
If you’re looking to diversify your investment portfolio, you may want to consider purchasing investment property. Depending on how hands-on you want to be, you may want to purchase real estate as a short-term investment; fixing up the property and then selling it immediately for profit.
Whether you like it or not, your credit score can determine how easy or how difficult it is to buy a car, buy a house, get cell phone service, or even get a job. A bad credit score can negatively impact just about every area of your life. Sometimes, a bad credit score can result from events entirely out of your control such as illness, disability, or from the loss of a job.
Mutual fund companies and asset managers will start touting their 10-year performance record with dazzling numbers. The marketers will try to lure you in based on their outsized performance. But, before you invest, dig deeper. Ask to see their 15-year track record. If they don’t have one, review their performance from 2008. How did the fund perform during the Great Recession?
Retirement Income Recipe
By Jeffrey R. Karp, CLU®, ChFC®, CASL®
One of the “early in life” messages we get from our parents- Get a job if you want to be able to buy things. They did not call it an income stream but that is really what it was. This single message formed the connection between a job and spending, which continued throughout our working career. Some people can be driven off this message by life events like a temporary job loss or a need to care for family/friend, but there is never a question about the goal for re-employment. The reliability of a paycheck keeps the focus on accumulating wealth not on the fear of income flow.
There's Still Time to Contribute to an IRA for 2018
Even though tax filing season is well under way, there's still time to make a regular IRA contribution for 2018.