Macho Money Definitions - What Is An IRA?

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Macho Money Definitions - What Is An IRA?

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vid_whatisira.jpgWhen talking investments, IRA is the abbreviation for “Individual Retirement Account,” not “Irish Republican Army.” According to About.com, IRAs are basically savings plans with lots of restrictions. The main advantage of an IRA is that you defer paying taxes on the earnings and growth of your savings until you actually withdraw the money. The main disadvantage is the tax law imposes stiff penalties if you withdraw the funds before you turn age 59.5 years old. There are different types of IRAs, each with their own tax implications and eligibility requirements. And here is a little fun fact, IRA's stem from the early 1970s when NBC broadcasted a television special called “The Broken Promise,” which showed Americans the consequences of poorly funded pension plans. In this short video, USAA Certified Financial Planner Scott Halliwell explains IRAs in further detail.


See also...

image for Defense Finance and Accounting Service (DFAS) Military Pay Tables

Defense Finance and Accounting Service (DFAS) Military Pay Tables

UPDATE: The link to the DFAS Military Pay Tables has changed. Visit the DFAS website to get the latest Military Pay Tables and charts and get other information to help you manage your money.

The Defense Finance and Accounting Service (DFAS) military pay tables have current and historical pay tables including Reserve pay, special pays, and allowances.

The DFAS website has the following regarding the military pay tables it provides:

"The following pay tables are provided for reference use only and not for official purposes. The effective dates of certain pay rates may differ from dates for various allotments and other pay entitlements.

Pay tables are presented in .pdf (Acrobat) format."

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Inc 500/5000 Conference and Mentor Fair

Guys, I personally attended this event last year in Phoenix and it was the best conference I've ever attended.  Inc. goes out of their way to make you feel welcome and feel as part of their family.  They offer a high-level of support even when the conference is over...hell, especially when the conference is over.  If you have your own business, or are thinking of starting one, I highly recommend you apply for this program.  If you don't get selected, I highly encourage you to go anyway.

Chris

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