The Pareto Principle is one of the most popular economic ideas of all time. Also known as the “80/20 rule,” this principle arose from Vilfredo Pareto realizing that 80% of the land in Italy was owned by 20% of the people (in 1896). Richard Koch further broke down the 80/20 rule in his famous book … Read more
As a parent, you should be thinking about retirement for teens because… Time is Money. Start contributing to retirement when you’re a teen, and you have time on your side. But is it unrealistic to expect a teenager to understand the value of saving money for retirement? Possibly. After all, what kind of tax deduction … Read more
Nobody likes to talk about death. Especially if you’re young. However, death is inevitable. Regardless of where you are in your life, it’s important to consider whether you need to have an estate plan. What is an estate plan An estate is defined as, “all the money and property owned by a particular person, … Read more
The process is a fairly simple one to rollover your 401k to an IRA. You should consult a professional during the process, however. Your employer’s plan should have an advisor available to assist you. How to Rollover a 401k to a Roth IRA: It’s Easy Here are the five simple steps you’ll need to take: … Read more