Roth IRA

A Guide to IRAs: What Are They and Why Should You Care?

IRA stands for Individual Retirement Account. Quite simply, these are accounts that are set up by individuals rather than by employers. Opening an IRA is very easy and requires only taxable income and a little paperwork. Most banks and investment firms allow users to open these accounts in a matter of minutes. Once an account...

The Wild Ride of Retiring in a Bull Market

It’s official – the U.S. stock market is now enjoying the second-longest bull market in history. This bull run started on March 9, 2009, and continues to maintain record-breaking momentum. As a former broker for nearly 20 years, I have advised countless people on how to structure their portfolios. But this gives me pause… When...

Investing for Millennials: Tips for Spending and Saving

There’s no denying that we’re living in an age of instant gratification. We’re constantly told to “live in the moment” without a thought of tomorrow. The problem is, tomorrow always comes, and we’re increasingly less prepared for it. Retirement savings, for instance, are falling by the wayside. While we all imagine our golden years to...

Millennials: Don’t Be Stupid, Invest

There it was, staring me in the face. An article, written by a millennial, titled “If You Have Savings in Your 20s, You’re Doing Something Wrong.” I stared at it, dumbfounded. Like many of you, I was once a 20-something. I had more hair back then. I also didn’t bother investing in my company’s 401(k)...

Obama’s myRA Won’t Fix Our Retirement Crisis

Americans are facing a crisis of epic proportions… This catastrophe is going to shape the future of our country. And since it has already begun, it’s going to be extremely tough to resolve. I’m talking about the retirement crisis. Of the U.S. workers who responded to the 2014 Retirement Confidence Survey, 60% reported less than...