Wednesday, April 25, 2012

Are you an aggressive investor?

According to Dan Danford, CFP® and Founder/Chief Executive Officer of Family Investment Center, forget rules of thumb when it comes to determining your aggressiveness in investing. In this video, Danford answers the question of whether or not the rule of thumb of limiting your stock percentage to 110 less your age makes sense if you don't want to risk giving up potential gains. Danford offers his reasons for ignoring that oft-used financial expression and why answers to retirement questions and portfolio diversity depend on what your retirement time horizon is.

Tuesday, April 17, 2012

How short-term loans affect credit scores

In this week's Money Made Easy, Dan Danford, CFP®, Founder and Chief Executive Officer at Family Investment Center, addresses a viewer's question about the impact a short-term loan could have on his credit score. Danford explains the ways in which these quick-fix loans affect credit scores and why the more reputable your lender is, the more likely they are to report your loan.

Friday, April 13, 2012

Electronic pickpocketing?!

Scary stuff! One third of credit and debit cards are now "enhanced" with radio frequency identification (RFID). While this new technology boasts convenience, it is putting cardholders at serious risk for fraud. You'll be surprised how easy it is for someone to steal and USE your account information. Watch this video to see how to protect yourself from electronic pickpocketing.

Tuesday, April 3, 2012

2011 IRA contributions still accepted


It's not too late to make IRA contributions for 2011, but please be aware that it must be deposited to your account on or before April 17, 2012.

2011/2012 Maximum IRA Contributions:
Under Age 50: $5,000.00
Age 50+: $6,000.00