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| Blog Name: |
genXfin |
| Url: |
http://mcclenning.wordpress.com/ |
| Language: |
English |
| Topics: |
Financial Planning, Investments, Insurance |
| Description: |
This blog is intended to serve as a forum for financial advice that is relevant to my generation as well as occasional commentary on current events and other issues of interest.
Some of the posts will be reproductions of my participation in The Keen Insight Group’s e-mail communication with clients. We normally send out a weekly commentary and, since there are three of us, I contribute every third week. I will supplement this communication with regular postings in the interim.
This is not intended to be specific advice for a particular situation as many factors must be taken into consideration. The information is intended to be hopefully educational and conversational in nature. Please feel free to suggest any topics that you would like to see addressed. |
| Popularity: |
25 Followers |
Roth IRA Conversions
To Convert or Not To Convert…That is the Question
We are all about to be inundated with media and financial industry chatter regarding Roth IRA conversions. What is happening is that in 2010 the Roth conversion modified adjusted gross income (MAGI) limits will be eliminated. MAGI limits for Roth IRA contributions will still be in effect but not for conversions from a Traditional IRA or other qualified plan.
Roth conversions ha
Friends Don’t Let Friends…
Friends don’t let friends buy gold coins in their IRA. We’re not sure exactly where the push is coming from, but several clients have asked us recently about buying gold coins within their IRA. This may be a good strategy if you think that civilization is coming to an end and we will be living in a permanent Renaissance festival. The problem with buying actual gold coins is that you are going to have to pay someone to store them and then also figure out how (and who) you are going to sell the
Warren Harding and The New Normal
You will be hearing (or have already heard) of the popular new economic buzzword/phrase, the new normal. This has been coined to describe the type of economy that we are expected to see going forward. Most of the ink written about this subject suggests two distinct possibilities: One possibility is a world economy which returns roughly to its pre-crisis rate of growth, without regaining the ground that was lost (this is what typically has happened after financial crises). The other possibility is that growth stays at a permanently lower rate, with investment, employment and productivity growth all more feeble than before.
The difference between thes
Boys of Summer
I want to take the opportunity to congratulate the Gwinnett Braves on a very successful and memorable inaugural season. I made the decision to buy season tickets as soon as I heard the Braves’ AAA team was moving to Gwinnett, especially since the new stadium was going to be close by in Buford/Lawrenceville. This probably was not the most financially sound decision since we ended up attending only about half of the games; weekday games were tough, made all the more challenging by accommodating the needs of 3- and 1-year old boys. But it’s one of those deals where the time spent with your loved ones is something that you can never regret. So there was some sadness wh
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