Looking for something specific? Enter one or more keywords and search our entire site.	900 N. Kings Highway, Cherry Hill, New Jersey 08034 856.667.4100 · 215.563.0276 · Fax: 856.667.3652 Monthly Financial Planning Tips 2003 Financial Planning Tips Archive December - Buying stock on margin? Proceed with extreme caution In recent months, investors have been buying stocks on margin at alarming rates. Buying on margin is extremely risky, and too often investors do not fully understand the risks they're taking. Let's look at how it works, what the risks are, and how to deal with them. November - Do you have these basic financial documents? There are some basic financial arrangements that all individuals should consider making, no matter what their age or circumstances. But if you have a family, these basic documents become essential. October - Get aggressive with your credit card balances Are you feeling good because you've refinanced your mortgage down to an unbelievably low rate? Well, perhaps it's now time to turn your attention to your credit cards. It's estimated that the average cardholder is carrying over $8,000 in unpaid balances. September - Some financial pointers for the twenty-something generation Young people generally feel pretty good about life, but once in a while, they may wonder if they're making the right financial moves. Here are some simple (yet effective) financial strategies for people in their early twenties. August - Some financial tips for the "sandwich generation" The "baby boomers," Americans born between 1946 and 1966, are moving like a wave into their forties and fifties. Unfortunately, many of them are facing new financial pressures. July - Lending money to relatives? Know the tax rules There are many worthwhile reasons to lend money to a relative. For example, you may want to help a child or sibling continue their education or start their own business. June -You may be able to use your IRA funds without paying a penalty Individual retirement accounts are an excellent way for taxpayers to save for retirement. Even though the principal focus of IRAs is to fund retirement, tax rules allow penalty-free IRA withdrawals for several purposes other than retirement. Of course, "penalty-free" is not the same as "tax-free." Also, the tax rules are different for traditional IRAs and Roth IRAs. May - Be smart in saving for college It's rarely too soon to start accumulating cash for college expenses. This is especially true for financially successful parents. Your success makes it difficult for your child to qualify for scholarships, grants, or loans based upon financial need. April - New retirement plans proposed – but don't adjust your savings yet Earlier this year, President Bush proposed sweeping changes to individual and company retirement savings plans. The proposals would reduce the current jumble of savings plans to just three types of plans, all with significant tax advantages. March - A change in marital status calls for a financial review If you are getting married, divorced, or have recently lost your spouse, you certainly have a lot on your mind. While you may feel overwhelmed with all there is to do, it is important not to overlook financial matters when your marital status changes. February - Do a financial review at tax time Now is an ideal time to review your financial affairs. You have to gather information to prepare your tax return at this time. Why not take one more step and do something positive for your financial well-being? January - Smooth out the stock market highs and lows The stock market may be in a slump, but some investors are buying more shares of stock and mutual funds than ever. These investors use a technique called dollar-cost averaging. "Financial Planning Tips" are published monthly to provide useful financial information. Return to this site every month for helpful suggestions on how to reach your financial goals. The information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance. If you would like more information on anything in "Financial Planning Tips," or if you'd like to be on our mailing list to receive other financial, tax, or business information from time to time, please contact our office. We're here to help. We currently have individuals licensed to offer securities in the states of New Jersey, California, Connecticut, Washington D.C., Delaware, Florida, Maryland, Nevada, Pennsylvania, Texas and Wisconsin and to offer investment advisory services in New Jersey, Connecticut, Delaware, Florida, Maryland North Carolina, New York, Pennsylvania, Texas and Wisconsin. This is not an offer to sell or provide investment advisory services in any other state or jurisdiction. Securities offered through 1st Global Capital Corp., Member FINRA/SIPC. Investment advisory services offered through 1st Global Advisors, Inc. [Current Financial Planning Tip] [Business Information] [Home]
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