David's Personal Finance Roundup - May
David’s Personal Finance Roundup – May

When I launched The Astute Advisor personal finance site, I was excited to reach a much broader audience. But I’ve always believed that the blog shouldn’t be my voice alone. I’m convinced my readers will benefit by hearing from other financial professionals too. Here are some articles that are worth a read.


2 Credit Card Secrets That Will Save You Money

This article is a great reminder that credit cards aren’t necessarily a bad thing. It’s how we use them that matters. We’re always told to stay away from credit cards, but doing so means you could miss out on some nice benefits. It was written by Certified Financial Planner™ Shannah Game, author of yourmillennialmoney.com and host of the Millennial Money podcast.

Read it HERE

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Take the Guesswork Out of Your 401(k) Investments

Enrolling in a 401(k) plan and choosing investments can seem overwhelming. This is especially the case if you’re not familiar with investment and financial jargon. Katie Brewer, Certified Financial Planner™ and author of yourrichestlifeplanning.com does a great job putting the process into plain English.

Read it HERE

5 Common IRA Prohibited Transactions That Could Tax You

Certain transactions with IRAs are a big “no-no” and if you’re not careful, they could cost you. As with anything related to finance or tax, there are rules and regs to follow. Being unaware of the rules is neither an excuse nor defense for violating them. Kirk Chisholm is a Wealth Manager and Principal at Innovative Advisory Group. In this article, Kirk lists the five most common prohibited transactions.

Read it HERE

Demystifying “Fiduciary” Financial Advice

Major changes have recently come to the financial industry and it seriously affects how financial professionals work with clients and their retirement accounts. While this topic has been hotly debated within the industry for years, it’s unlikely that most of the investing public is aware. Sheri Iannetta Cupo is a Certified Financial Planner™ and she does an excellent job explaining what you need to know as an investor. There is also a funny video on the subject with Tony Robbins. Check it out.

Read it HERE

401k Loan versus Early Withdrawal

Some 401(k) plans allow participants to take loans and some allow “in-service” withdrawals. The rules in this area can be confusing so it’s a good idea to understand the differences between loans and withdrawals. Jim Blankenship is a Certified Financial Planner™ and provides a solid explanation on this subject without the jargon. You’ll want to pay attention because this can have a huge impact on your retirement nest egg.

Read it HERE

I hope you enjoy the reading! While you’re on these sites, be sure and check out their other articles.

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