CTC Tips: fund your IRA at the beginning of the year

Waiting until the end of the year to contribute to your IRA limits your potential for growth. A Money.com article reported that 70% of IRA contributions in 2013 were made near the contribution deadline. Waiting until then can cost an investor over $15,000 over 30 years: “assuming an investor contributes the maximum $5,500 annually for 30 years…

CTC tips: invest!

Saving is necessary for any budget or financial plan. However, it’s important to invest, too. Expensive financial goals such as buying a home, paying for college, and preparing for retirement can be difficult to reach without investing – and in some situations, they might not be possible at all. Of course, investing can be scary;…

CTC tips: create an emergency fund

You can’t plan when emergencies happen but you can have a plan for whenever they occur. That plan should include an emergency fund that covers at least three months’ worth of expenses. What kind of expenses are we talking about? Basically any expense that you would need to cover to maintain your health and safety, and…

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…