Silver and Gold!

Silver and Gold! By Steve Carlson   “Silver and Gold!  Silver and Gold!  How do you measure its worth?  Just by the pleasure it gives here on Earth!”  – Sam the Snowman from Rudolph the Red-Nosed Reindeer I can’t help but think about Cornelius the prospector from the Rudolph movie when people ask about investing

Basic Investing Building Block #3

Basic Investing Building Block #3 By Steve Carlson and Jonathan McAlister   How can you reduce investment risk? Diversification! Diversification in investing is a technique whereby you allocate your money in different financial instruments, industries, etc. By doing so you reduce your risk by limiting your exposure to any single company. Simply put: Do not

Tax Penalty

You may owe a 50% penalty tax on your IRA!

Individuals who deposit pre-tax funds into an Individual Retirement Account (IRA) or employer-sponsored 401(k) retirement account are required to begin withdrawing a minimum dollar amount each year once they reach age 70 ½. The Internal Revenue Service (IRS) requires investors to begin taking money out to ensure these tax-deferred savings ultimately become taxable!  This is