People grow up in America dreaming big. They want to be their own boss. There will always be those who shun the 9-5 job and who are drawn by the potential of starting their own business, and who can blame them. With the markets in unchartered waters—hello, DOW 20,000—it demonstrates that sometimes big risks reap big rewards. Any successful, profitable business at year’s end ultimately faces the same realization…tax time. (more…)
Planning for Retirement
What I Have Learned about Saving for Retirement
It is stunning to me that annuities have such a bad reputation. Many consumers think of annuities as extremely complex financial vehicles with high fees and inflexible contracts. High profile financial gurus often tell their television viewers or telephone callers that annuity products are offered by shysters and should make you turn and run for the hills.
Truth be told, I bought into this viewpoint when I was less educated about what these products were and how they worked. (more…)
Shifting Attitudes on Retirement Savings
As a 24-year old law student, one of the last things I worry about is saving for retirement. I worry substantially more about my law school grades and finding a full time job after graduation, and rightfully so, as the first step toward retirement is a career that can fund one’s life and retirement savings. However, having a basic understanding of where one needs to go to retire and how one should get there is vital even before accepting that first job. (more…)
