April 2010

IRS Tax Deadline: When and How To File a Tax Extension


With the IRS tax deadline of April 15th on the horizon, procrastination may actually turn out to be a good thing for some taxpayers who have not filed yet. You may want to file for a tax extension if you are trying to claim a home-buyer tax credit this year, you want to reverse a Traditional IRA […]

This Week in Personal Finance – April 9, 2010

Personal Finance

It’s been a crazy couple of weeks around the R2 household and office!  There seems to be just a lot of stuff going on. I’m really looking forward to some rest this weekend! But, it’s another week in the books and it’s time for a quick tour. This Week in Personal Finance takes a look at interesting […]

What You Need to Know About Roth IRA Conversions


By now you’ve all heard of the opportunity for Roth IRA conversions right? Ok, but maybe you are unsure what a Roth IRA conversion is all about. Let’s dispel any myths about this and take a look at exactly what’s going on for this year for Roth IRA conversions. This post will be more of a lesson in what’s […]

Financial Budgeting: How to Stay on Track


Sometimes it feels like we’re moving at a snail’s pace when it comes to getting ahead doesn’t it?  I mean, if things could just change over night it’d be so much better – but it doesn’t. This is where financial budgeting comes in! Besides life insurance, financial budgeting is one of the only other personal […]

IRA Withdrawal Rules – When Can You Withdraw Your IRA?

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For some reason I get this question a lot, so I thought I’d provide a little clarification on IRA withdrawal rules. Individual Retirement Arrangements or IRAs were designed to provide an opportunity for folks to save for retirement on a pre-tax, tax-deferred basis.  In other words, the money grows without having to pay any taxes on […]

This Week in Personal Finance – April 2, 2010

Personal Finance

Friday’s  here!  But Sunday’s coming!!  Welcome to the the Good Friday edition of TWIPF. It’s a great day to reflect on what Jesus did 2,000 some years ago as His life of 33 years was about to be ended.  But He would soon conquer sin and death with his resurrection just three days later. If […]

5 Things Every Baby Boomer Must Know About Retirement Savings

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According to Wikipedia, Baby Boomers are those who are born between 1946-1964 – meaning they range in age from 46-64 years of age. Retirement is certainly on their minds and they are concerned about how much they need for retirement savings. As baby boomers approach the magical age, there are some pretty important things to […]