CTC tips: debt manager and net worth tracker

    Have you ever driven somewhere you’ve never been before? If you have, you likely used directions, a map, a GPS, or some other kind of tool to guide you to your destination. You probably didn’t get into your car, drive away, and simply hope for the best. Unfortunately, that’s how many of us approach our financial goals. We have…

A lesson from Uncle Marshall

My family roots are in the dairy farm country of Central Pennsylvania.  My grandfather and four of my uncles were dairy farmers.  Uncle Marshall was one of them.  He also drove the “milk truck” which picked up the milk from the other farms in the area and delivered it to the local dairy. As if…

A Roth IRA for kids’ college expenses?

I am 47 years old and my two sons are 7 and 5. I have been looking closely at different options to save some money to help my kids with college tuition. I have looked to 529 plans, but am concerned about the penalties involved if they decide not to go to college. As I…

IRAs and the Fiscal Cliff

Before January 1, 1998 if someone wanted to open an IRA account there was only one option available: the Traditional IRA. After January 1, 1998 IRA investors had a decision to make: Traditional or Roth? During my early years in the financial services industry, the Traditional IRA was the only game in town, so that…

Estate Planning: simple vs. easy

Simple and easy are two words that we often use in the same context, even though they have very different meanings. For example, let’s look at the game of golf. Golf is a very simple game: You hit a little white ball as many times as necessary to get from the tee to the green.…