Monday, December 8, 2014

NFL Picks for Week 15 of 2014 Season!

Below is a Quick Video I made about what teams I think will win for Week 15 of the 2014 NFL Season. These picks are guesses, and are not meant to be used in betting, if you have intentions on doing something of this nature than I recommend speaking to someone of whom is a Professional.

Thursday, December 4, 2014

Why I Like JetBlue Airways!

JetBlue Airways Headed to new Highs?

JetBlue Airways Corporation (NASDAQ:JBLU) -  a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircrafts.
 (NASDAQ:JBLU) shares over the past 52 weeks have exchanged hands for as low as $7.61, and traded as high as $15.61. Currently shares are trading hands for around $15.15 of which is around 14 times Potential Earnings. With under 300 M shares outstanding and a current market cap of 4.23 B shares of JetBlue may be heading for a bit of a pull back before racing higher to new Highs. YTD shares are up over $6.60 per diluted share over 77% gains. As I am a lover of the airline industry, and with recent oil prices falling this company is well positioned to benefit dramatically.

Example Savings Time Chart!

Example Retirement Savings Chart!

Wednesday, December 3, 2014

Why a Roth IRA conversion might be a smart idea!

When people think about saving for retirement many think that it's just opening account and you're done. Well if you want to get the best bang for each dollar you save take charge you need to be proactive in managing it. Depending on your financial situation converting some of your funds from your traditional IRA into a Roth IRA could be a very smart strategy over the long-haul. One reason being that you can withdraw your funds from your Roth IRA tax-free. Another great reason is that the Roth IRA is excluded from the required minimum distribution, or withdrawal amount when you do decide to retire. Finally if you're ineligible to contribute to a traditional or Roth IRA due to income limitations, you can still contribute to a "nondeductible" traditional IRA and then process what's known as a "backdoor" or the Roth conversion. 

Do you have a 401(k) or a Roth IRA account?

Have you ever heard of the back door technique?

Make sure to Max 401(k) Contributions

The end of the year is almost here, for most of you the only things on your mind right now are food holidays and spending time with family. However making that max contribution to your 401(k) should definitely be on your mind as well. For 2014 you're allowed to contribute up to $17,500 if you are under the age of 50. For all of you 50 and over your max contribution can be up to $23,000. This is the max amount that you are able to send per year and still be able to avoid paying income tax on that money. Since your 401(k) contributions must be made via your payroll deduction talk to your company's payroll department and think about maybe adjusting your December contribution or even maybe adding a lump sum amount from your leftover money after buying all those expensive gifts for friends and family. 

Do you currently have a 401(k) account?

Do you think it's important to Max your 401(k) contributions?