Understanding Your 401K and 403b Plans

Every working American should put away some money for retirement. A couple of the more common vehicles for retirement savings are the 401k and 403b plans. Both of these plans are tax-deferred and serve to reduce current income tax obligations. They can also grow over time to make up a good nest egg provided that people continue to contribute. The main difference between the 401k and the 403b is related to the types of business that set them up. For-profit companies w...
More

What are the Best Investment Strategies for 2012

This year, as always, investors have many options when it comes to deciding where to put their money. Stocks, bonds, certificates of deposit and annuities are just a handful of the many different investment options that are available. Here are some suggestions. Those who have serious credit card debt should look at paying off their credit cards as an investment. Credit cards can have interest rates that run anywhere from 10, 15 or even 20 percent. Paying off these debts will effectively have ...
More

Steps to Take to Improve Your Credit Rating

Improving your credit score is important for anyone who has ever needed to get a loan or apply for a job. Fortunately, there are many things a consumer can do to improve his or her credit score. The best way to improve a credit score is to make full and on-time payments on all of your current bills. This includes utilities and loans. A late payment can reduce a credit score by as much as ten percent, and making less than the minimum required payment typically has the same affect on a credit s...
More

Tips and Tricks to Save Money Around the House

Jobs are scarce and prices are going up, so people are trying to save money every way they can. Saving just 10 or 15 a week might not sound like much, but it can add up after a while. It is not that difficult at all to save money if you think outside the box. There are even quite a few ways you can save money around the house. Don't Spend a lot of Money on Decorating Decorating your home can be a lot of fun, especially if you just moved in. However, decorations can be very expensive and pu...
More

What is Your Debt to Income Ratio?

Consumers who are interested in purchasing a home should understand their debt to income ratio. For many, this is a new term and one that they may not fully understand. The term is used primarily when purchasing a home for lenders to determine the maximum payment you may afford. Calculating income Your income is calculated on a gross basis, the amount you earn prior to taxes. Income from all sources should be considered if they are stable. In addition to your weekly payche...
More