The Roth vs. Traditional IRA – Which is Best for You?

If you’re considering adding an Individual Retirement Arrangement (IRA) as part of your overall retirement plan, you may be wondering whether a Roth or traditional account will work better.

Depending on your circumstances, it could be either, or it can even be both.

What is a Traditional IRA? – Basics

Traditional IRAs allow you to save up to $5,000 ($5,500 for 2013) in a self-directed, tax deferred account.  You can also increase the amount of that contribution by $1,000 if you are age 50 or older.

Not only will this allow you to build your own retirement portfolio, but you can also contribute to an IRA even though you’re covered by another retirement plan.  However there are limits on the tax deductibility if you are covered by another plan.

For single taxpayers, the IRA deductibility begins to phase out with an income of $58,000 per year.  It completely phases out at $68,000.
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British Airways Visa Signature Card Review – 50,000 Bonus Avios

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Do you fly British Airways?  (They have over 300 destinations BTW.)

If you do then you should take a look at the British Airways Visa Signature® Card.

The British Airways Visa Signature® Card is what many consider an airline miles credit card.  It’s a card that is issued on behalf of the airline where you can typically earn that airline’s miles faster when you buy flights with the card and you can earn additional miles on general purchases.  These miles can then be redeemed for free flights with the airline.

You can also see lots of other great perks in an airline miles card that help make owning the airline’s credit card well worth it.Continue Reading

The Fiscal Cliff Doesn’t Just Affect the Rich

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Though the election is long over, the debate over whether or not to extend the Bush-era tax cuts continues.

This is the so-called “fiscal cliff” that’s all over the media right now.

On the surface, this sometimes seems like a debate over taxes in general, and specifically on higher taxes for the rich.

But don’t bet on it – the fiscal cliff doesn’t just affect the rich – it has the middle class squarely in its crosshairs.

A series of tax increases will begin on January 1, 2013, if Congress does not take action to restore at least some of the Bush-era cuts.

And they’ll be substantial.

Not only will the tax cuts reach deep into the wallets of everyone who has a paycheck, but the fallout from the changes will have wide effects on the overall ecomomy too.

How the Fiscal Cliff Will Affect More Than the Rich

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United MileagePlus Explorer Card Review

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Do you fly United Airlines with any frequency?

Would you like special flying privileges on your United flights?  Would you like to earn free flights and more?

If you answered yes to any of the above then you need to look at the United MileagePlus® Explorer Card from Chase.

The United MileagePlus Explorer Card is considered an airline miles credit card.  What that means is the purchases you make earn you airline miles which can be redeemed for flights and more.  Airline miles cards are a great way to use your purchases to earn you free flights.

Here’s what the United MileagePlus Explorer Card offers you:

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Think Long Term When Shopping Black Friday and Cyber Monday

Black Friday Sales

When you do your Black Friday and Cyber Monday shopping don’t just think of things for the upcoming holidays — think long-term!

Many sales are at their best on these days.  It may be worth it for you to take advantage now and buy items for events and purposes throughout the year.

Many a time has passed where I thought I’d see an item on sale again but it ended up not being as good as the Black Friday or Cyber Monday price.  Damn!  Missed out.

Of course for this to work you have to have money in your budget to buy extra now for the rest of the year.  It’s silly to put great deals on credit if you are going to end up paying credit card interest later on.

If you think out it and plan well, buying now can save you money, and time, for the upcoming year.

Here are some great occasions to shop for on Black Friday and Cyber Monday:

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How to Get FEMA Assistance

A lot of people in New York and New Jersey are only now becoming aware of the full extent of the damage brought on by Super Storm Sandy.

After nearly two weeks working just to get electric power on and gasoline for cars, the difficult job of rebuilding is about to begin.

There is help from various sources, first and foremost from FEMA, the Federal Emergency Relief Agency whose primary responsibility it is to be available to provide assistance in just such a disaster.  Many people are only remotely aware of what FEMA does, and if you live in the battered Middle Atlantic region, you’re now finding out first hand.

What is FEMA and how does it work?

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Southwest Airlines® Rapid Rewards® Premier Credit Card | Review – Earn 50,000 Bonus Points

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Do you fly Southwest Airlines?

Do you want to earn free flights as well as hotel stays, gift cards and more including international flights?

Then read on for my Southwest Airlines® Rapid Rewards® Premier Credit Card review and see if the card is good for you.

Let’s look at the Southwest Airlines Rapid Rewards Premier Credit Card:

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