Merry Christmas

Merry Christmas all!  I hope today brings you time with family and friends along with time reflecting on the birth of our savior.  Rejoice!

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Changes to 401(k) and IRA in 2013

The new year will bring changes to 401(k) and IRA accounts.  These changes will allow you to save more.  Here’s a list of what’s changing: Increased 401(k) contribution limit – The maximum you can save annually will increase from $17,000 to $17,500.  These figures apply to 403(b) accounts, too. 401(k) fee notifications – Quarterly statements… Continue reading Changes to 401(k) and IRA in 2013

Student Loan Debt Affecting Parents and Grandparents

A recent Wall Street Journal article indicates that an increasing number of parents and grandparents are being affected by student loan debt:  http://blogs.wsj.com/bankruptcy/2012/10/29/soured-student-loans-bankrupt-parents-grandparents.  From the article: As young graduates and former students struggle to find work, their student-loan obligations are increasingly falling to the family members who agreed to back the debt in the event… Continue reading Student Loan Debt Affecting Parents and Grandparents

Avoid Getting Into Debt

I periodically post finance-related verses from the Bible and the Catechism of the Catholic Church. As I finished up mid-morning prayer from the Liturgy of the Hours yesterday, I came across scripture that relates directly to personal finance.  From Romans 13:8-10 (or you can visit the Universalis web site for the full mid-morning prayer:  http://www.universalis.com/20120924/terce.htm):… Continue reading Avoid Getting Into Debt

Cash Flow Planning

I took Dave Ramsey’s Financial Peace University (FPU) course last fall and learned quite a bit.  I entered the class not expecting to learn too much but came out surprised with the many fresh ideas Dave gave me. One of my favorite lessons focused on cash flow planning.  Cash flow planning allows you to plan… Continue reading Cash Flow Planning

Philanthropy: 40 Days for Life

One of my goals with this web site is to introduce readers to great causes where they can contribute their tithing dollars. There are plenty of charities out there, but only some that accomplish their missions while abiding by the teachings of the Church.  I hope you find this helpful! 40 Days for Life is… Continue reading Philanthropy: 40 Days for Life

Target Date Retirement Funds – Silver Bullet?

Target date retirement funds are fairly recent inventions created by investment brokerages to simplify the lives of investors.  Target date retirement funds take care of asset allocation for you, adjusting holdings to a more conservative mix as you near a fund’s target year, presumably a date near your retirement date.  As the fund nears the target… Continue reading Target Date Retirement Funds – Silver Bullet?

Grow Your Retirement Portfolio with Dividends

In the past, I typically looked at four criteria to evaluate mutual funds for my retirement portfolio: Asset Allocation – The asset classes (i.e., stocks, bonds, cash, etc.) I have chosen to invest in based on my timeline and risk tolerance.  Since retirement is in the distant future, I’m willing to incur more risk in… Continue reading Grow Your Retirement Portfolio with Dividends