All Financial Wisdom
Happy New Year!
Happy New Year and Welcome to 2015
Now is the time to create and stick to your new years resolutions.
- Maybe one of them can be maxing out your Roth IRA or Traditional IRA contribution. It would only cost you about $458.33 per month to reach the $5,500 limit if you are under the age of 50. Remember, you have until April, 2015 to make contributions for the 2014 tax year if you need too.
- If that is too easy, maybe you should add 10% to every mortgage payment you make this year.
- Adjust your portfolio asset allocation. It has been more than half a decade since the Great Recession and seeing the stock market loose 50% of its value. You should look into adding more US and International Bonds to your portfolios now to add stability, especially if you are going to retire anytime soon.
- Think of a vacation you want to go on and start setting aside money every paycheck to meet the goal.
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