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Traditional vs. Roth IRAs
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Traditional vs. Roth IRAs

IRA, Personal Finance

Traditional vs. Roth IRAs

Traditional vs. Roth IRAs Perhaps both traditional and Roth IRAs can play a part in your retirement plans. IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant impact on how those accounts might grow. IRAs, or Individual Retirement Accounts, are investment vehicles used to help save money for retirement. There are two different types of IRAs: traditional and Roth. Traditional IRAs, created in 1974, are owned by roughly [...]

By info@northlightfinancialservices.com|2019-02-01T13:57:20-05:00January 30th, 2019|IRA, Personal Finance|Comments Off

Preparing to Retire Single
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Preparing to Retire Single

Financial Fitness, Retirement

Preparing to Retire Single

Preparing to Retire Single Unmarrieds need to approach retirement planning pragmatically. In an ideal world, it would be simple to prepare for a solo retirement. You would just save half as much as a couple saves, buy half as much insurance coverage, and expect to live on half the income. Reality dictates otherwise. Real-world planning for a solo retirement begins with an assumption. You assume, at some point, [...]

By info@northlightfinancialservices.com|2019-01-25T12:37:03-05:00January 18th, 2019|Financial Fitness, Retirement|Comments Off

Build Your Rainy Day Fund
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Build Your Rainy Day Fund

Financial Fitness, Personal Finance, Savings and Investing

Build Your Rainy Day Fund

Build Your Rainy Day Fund Like an emergency fund, it can come in handy. Sometimes, life gets expensive. A little bad luck or a twist of fate can hit us right in the checkbook and challenge us to live within our budget. An emergency fund may help us handle major financial disruptions. For the minor ones, a rainy day fund may suffice. A rainy day fund and an emergency fund differ in scale, but not purpose. Both funds are designed [...]

By info@northlightfinancialservices.com|2019-01-14T11:03:19-05:00January 3rd, 2019|Financial Fitness, Personal Finance, Savings and Investing|Comments Off

Smart Financial & Insurance Moves for New Parents
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Smart Financial & Insurance Moves for New Parents

Financial Fitness, Personal Finance, Savings and Investing

Smart Financial & Insurance Moves for New Parents

Smart Financial & Insurance Moves for New Parents As you start a family, consider these ideas. Being a parent means being responsible to a degree you never have been before. That elevated responsibility also impacts your financial decisions. You are now a provider and a protector, and that reality may make the following financial moves necessary. Think about a budget. As a couple, you may have lived for years without budgeting. As parents, this may change. You will face new [...]

By info@northlightfinancialservices.com|2019-01-14T10:00:28-05:00December 18th, 2018|Financial Fitness, Personal Finance, Savings and Investing|Comments Off

End-of-the-Year Money Moves
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End-of-the-Year Money Moves

end of year money moves, Financial Fitness

End-of-the-Year Money Moves

End-of-the-Year Money Moves Here are some things you might want to do before saying goodbye to 2018. What has changed for you in 2018? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes occurred in your personal or professional life, then you will want to review your finances before this year ends and 2019 begins. Even [...]

By info@northlightfinancialservices.com|2018-12-05T11:25:57-05:00December 5th, 2018|end of year money moves, Financial Fitness|Comments Off

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