by Tim Schmidt | Aug 20, 2019 | Precious Metals Investing
There are a plethora of different reasons why gold prices move. Sometimes it’s the economy. Other times it’s investor sentiment. Still other times it’s the health of central governments and central banks. For the average gold investor, it’s going to be impossible to...
by Tim Schmidt | Aug 8, 2019 | Money Management
Today I’ll share with you the basics of a 529 plan.This plan operates as a savings plan for college that provides specific financial aid and tax related benefits. Many of today’s 529 plans are also used as a way to invest and save money for grade school tuition...
by Tim Schmidt | Aug 3, 2019 | Money Management
Budgeting – it’s one activity that everybody seems to dread. Is budgeting really that bad or does it have a bad reputation? Truth be told, all a budget really is is a plan to manage your finances. That’s not too scary, right? Unfortunately some people see it as a form...
by Tim Schmidt | Jul 29, 2019 | Side Hustles
Unless you have a lot of money to spare, you’ll typically try to find the best ways to earn or save money. Going on the Internet to find products via comparison-shopping and getting online discounts is an excellent way to cut your spending. By shopping this way, you...
by Tim Schmidt | Jul 25, 2019 | Retirement Tips
Do you love buying books? Are you the type to stop at every bookstore in your path? Do you always buy at least one new book whenever you’re in a bookstore? It’s no secret to your family and friends that you’re a book fanatic. In fact, they enable your collecting habit...
by Tim Schmidt | Jul 23, 2019 | Retirement Tips, Side Hustles
Not that long ago, I met a guy who just decided that it was time to get started in the real estate game. He decided to become a real estate agent. But he didn’t end his education there. In fact, he decided to learn all he could about renovations too. This led to him...
by Tim Schmidt | Jul 12, 2019 | Retirement Tips
If you are looking to use your ROTH IRA as a retirement vehicle, but don’t have a huge balance, this post is for you! A Roth IRA, can be a powerful vehicle to not only accumulate property, but also do it in a manner that saves you money in the long term with...
by Tim Schmidt | Jul 10, 2019 | Credit Hacks
Understanding your credit is one thing, but being able to improve your credit score without higher credit repair company Trump’s all. It’s pretty much means you can qualify for lower interest rates, better benefits on your credit cards and you can borrow...
by Tim Schmidt | Jun 27, 2019 | Credit Hacks, Money Management
You’d be shocked at how many people simply don’t understand how credit scores are calculated. There are many factors involved, but by understanding a few of the basics, you can essentially game the system and ensure you are always in a solid standing credit-wise...
by Tim Schmidt | Jun 24, 2019 | Side Hustles
Turning the excess stuff laying around your home into cold hard cash is a brilliant way to get rid of your clutter. And you have a number of different options to do so at this point including eBay, Amazon, Craigslist, Facebook, and even classifieds in the newspaper....
by Tim Schmidt | May 29, 2019 | Retirement Tips
I like people who think ahead. In the case of Tori Dunlap, who wrote this article for Forbes, she’s thinking very far ahead. I was intrigued by her contribution and ability to forward think enough that I thought I’d come and share what she’s doing in...
by Tim Schmidt | May 23, 2019 | Retirement Tips
When it comes to places to retire, it seems like most Americans (especially those from the Midwest and the Northeast) make their way down to warmer climates in the south like Florida and Arizona where they can spend their days golfing and not having to worry about...
by Tim Schmidt | May 20, 2019 | Retirement Tips
Basically, if you’re looking for the type of retirement plan that you can fund using money that you’ve already paid taxes on, then you’d want to set up a nondeductible IRA. With a traditional IRA, you have the ability to use your income tax to deduct contributions....
by Tim Schmidt | May 20, 2019 | Stock Market
Know what feels even better than getting some money from a hard day’s work? Making money passively! While some investments take a lot of research and speculating to choose the right place to put your money in a growth stock, you can rest easy when putting some...
by Tim Schmidt | May 20, 2019 | Money Management
A lot of people think that to be considered to have “perfect” credit, you need to have a score of 850. After all, that is the highest credit score possible on the standard range of credit scoring. However, as described in the previous post about the...
by Tim Schmidt | May 15, 2019 | Money Management
When you check your credit, you will likely see a note on the site that indicates that the range of possible scores go from 300 to 850. These are the most common models of credit scores, so to answer the question in the title above, no, a 900 credit score is not...
by Tim Schmidt | May 13, 2019 | Money Management
Buying a home is one of the biggest decisions you’ll face in your life. If you mis-step, you can easily put yourself in jeopardy of ruining your finances. I’ve purchased homes, sold homes, rented homes, and I’ve even had a property foreclosed on....
by Tim Schmidt | May 7, 2019 | Retirement Tips
When the financial crisis in 2008 ravaged retirement accounts far and wide, I had friends who realized exiting the workforce was no longer in the cards so they delayed it for a while longer.They still had adequate savings, but they felt waiting was the right...
by Tim Schmidt | May 6, 2019 | Precious Metals Investing
As I perused today’s news in Google, I couldn’t help notice many stories talking about what’s going on with gold. While many of the click-bait titles drew my attention, there was no getting away from the article I read on The Street that discussed the rabid...
by Tim Schmidt | Mar 1, 2019 | Retirement Tips
An eye opening Forbes Magazine article definitely put some fear into American’s looking to retire in the next several years. The basis of the article stated that a large part of the population will struggle financially during their retirement. Citing...
by Tim Schmidt | Feb 27, 2019 | Precious Metals Investing
Many advocates of buying gold will tell you that it’s the best way to fend off a recession. As fiat currency and equities take a nose dive, something tangible, like gold, will not only keep value, but rise in value. Overview Why Gold is a Solid Long Term...
by Tim Schmidt | Feb 12, 2019 | Retirement Tips
As a blogger who focuses on investing in retirement, I’ve always got my eyes on ways to save money as we get older. One often overlooked topic is that of Auto Insurance for Seniors. Today I’m going to talk about that in great detail, hoping that some of...
by Tim Schmidt | Jan 14, 2019 | Money Management
Buying an engagement ring is one of the most important decisions and moments of life. Offering a diamond engagement ring to your soon-to-be wife is considered a tradition in many parts of the world. While my blog focuses mostly on retirement decisions, I...
by Tim Schmidt | Jan 10, 2019 | Stock Market
Those of you who are holding cash in retirement accounts may want to consider some stocks that yield high dividends. I just came across this gem of a stock called Monroe Capital that is currently paying a 14% yield. If that’s not jaw dropping, I don’t...
by Tim Schmidt | Dec 8, 2018 | Retirement Tips
The electronic cigarette industry is undoubtedly one of the fastest growing industries globally. Barely a decade since its introduction to the market, the industry has already achieved global popularity and might hit the $59 billion worth mark in less than 10 years...
by Tim Schmidt | Dec 4, 2018 | Retirement Tips
I’m all for alternative investments and diversification when it comes to long-term investing. Today I’m going to speak about how you can use your IRA to buy real estate. How IRA Real Estate Investing WorksI started this blog when I converted my SEP IRA plan...
by Tim Schmidt | Nov 27, 2018 | Retirement Tips
It’s been a long year for me personally, and I haven’t had the chance to keep this website as up to date as I wanted to due to many personal reasons. However, today I came across an article on US News that I knew I just had to come and put in perspective that...
by Tim Schmidt | Apr 21, 2018 | Self Directed IRA Investing
As an Internet Entrepreneur, I’m always coming across unique ways to earn money online. I do everything from e-commerce, to selling on Amazon, to SEO Consulting, and perhaps my favorite part of Internet Marketing and usually where people know me from – Affiliate...
by Tim Schmidt | Mar 8, 2018 | Precious Metals Investing
Gold has always been a sexy investment, however investors have also turned to the merit of precious metals for investment.Just like gold, precious metals such as platinum, silver and so on are also equally capable of retaining monetary value even if the economy goes...
by Tim Schmidt | Mar 7, 2018 | Stock Market
Among other precious metals, gold has been the most popular choice among investors. Most people today view the metal as a hedge against inflation and a measure of protection in stringent economic times. Many people choose gold to diversify their portfolios.There are...
by Tim Schmidt | Mar 7, 2018 | Precious Metals Investing
Some people have been scammed into buying fake gold bullion and coins online. If you are looking to invest in gold coins and bullion, you should be careful before making the purchase. Moreover, you can also verify your gold bullion and coins for authenticity. Salient...
by Tim Schmidt | Mar 7, 2018 | Retirement Tips
In a not so shocking, yet disturbing report by CNN Money, it was announced that 66% of millennials have not saved a single penny for retirement.This doesn’t surprise me, to be entirely frank. I keep seeing the younger crowd buying the latest iPhone, the most popular...
by Tim Schmidt | Feb 6, 2018 | Retirement Tips
If you are looking to head into retirement with a well stocked bank account, listen up. Today I’m going to highlight five books you can read that will help you kick start your savings routine.I read about this list on Time.com, and felt it was worth...
by Tim Schmidt | Jan 29, 2018 | Retirement Tips
My number one tip in planning for retirement is to not procrastinate. “I’ll do it later, there is plenty of time,” is an often heard out loud thought that many people possess. It’s never too soon to start saving for your eventual retirement and if you find...
by Tim Schmidt | Dec 5, 2017 | Stock Market
Beginner investors find it more comfortable to invest in small cap stocks instead of taking on bigger investments. Small capitalization companies, of which these stocks belong to, are valued in between a price range of $250 million to $1 billion.The biggest advantage...
