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How to Start Retirement Planning

How to Start Retirement Planning
This is a column that was published on The Korean-American Journal (September 2015), a news paper located in St. Louis, MO. Some contents may be specific to Korean immigrants in the US.   How to Start Retirement Planning As problems regarding retirement planning were emphasized in the last column (Aug. 2015), let’s now find out…
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Test your knowledge in financial aid

Test your knowledge in financial aid
Many people think parents' assets greatly affect their children's chance of getting financial aid. While it may be true in general, not all assets are treated equal. For instance, monies in parents' retirement accounts and primary home equity do not influence amount of financial aid in FAFSA (Free Application for Federal Student Aid), which most…
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Practice Retirement

Practice Retirement
Retirement is a big turning point in life. Some people enjoy the free time that they longed for, while others find themselves depressed without “purpose." Regardless of how you view this change, practicing would help you ease into a whole new life. We strongly suggest practicing for a life after retirement at least three years…
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Trad. IRA vs. Roth IRA

Trad. IRA vs. Roth IRA
There are two types of IRA accounts that any individual with an income can open although contribution limits and deductibility may vary depending on one's situation. Like other qualified retirement plans, all funds inside of these accounts grow tax-deferred. See the chart below for comparisons. This is for information only and may not apply to…
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The Bottom Line

The Bottom Line
Nowadays we are inundated with information in personal finance, but the bottom line is to achieve your sustainable financial stability. Of course, different individuals in different situations require different (many more) ways to protect their own financial needs and those of their loved ones. Talk to a financial advisor to find out what you need to do to…
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