Wealth-building for Gen Y-ers

Money Magazine's 101 Ways to Build Wealth offers valuable financial tips for each stage of your life.  Listed below are their bits of advice for 25- to 34-year-olds.  To read the full article for more details, click here.   

1)  Start saving for retirement now.

2)  Favor cash-rich stocks.

3)  Add microcap stocks for growth.

4)  Build your career.

5)  Play the numbers.

6)  Get smarter about your money.

7)  Get with the program.

8)  Watch what you buy.

9)  Build your credit score.

10) Slash your student loans.



2013 Key facts and figures

How much can I contribute to my IRA this year?

What is my income tax rate?

What tax incentives are available for education expenses?

How much money can I make without affecting my Social Security benefit?

Find answers to these questions and many more by clicking here.

Having "the talk" with your parents

Here's more advice on having a conversation with your aging parents about their money. From CNN Money, Ismat Sarah Mangla's article, "How to Ask Your Aging Parents About Their Money," provides more strategies for presenting these duscussions in the best way to to avoid potential conflict.

Click here to read the full article.

2012 IRA contributions still accepted

Reminder:
 

It's not too late to make IRA contributions for 2012, but please be aware that we must receive your deposit no later than April 15, 2013. 

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

 

Please note that in 2013, contribution limits increased to $5,500 (if under 50) and $6,500 (if 50+).

 Family Investment Center

 3805 Beck Road

St. Joseph, MO  64506

Phone: (816) 233-4100

www.familyinvestmentcenter.com