Internet Stock Exchange Investment Club

In today’s review of the first eight chapters of The Bogleheads’ Guide to Investing, I mention the importance of calculating your own net worth, and in the past I’ve mentioned how to calculate it.

But why is knowing your net worth important? What value does it have? Here are five reasons why you should calculate your net worth.

It provides a rule-of-thumb indicator of your overall financial health. This one number indicates your financial standing at the moment, for better or worse. How you interpret it is up to you.

IRA tax deductions are a little different, depending on which kind of IRA account you have. There are the traditional IRA's, Roth IRA's, and even self directed subtypes of the two. Knowing the various tax options with each is critical both in the short term and long term. Also, knowing your responsibilities for each kind of account is equally as important.

Traditional IRA

The great things about an IRA include the tax savings and the growth of your money. There are some things that not everyone likes though. Among the many things that some people do not like are the Roth IRA withdrawal rules that many people have to deal with. While the rules are detailed fairly well some individuals may have questions regarding the rules that govern IRA's. It is important to understand the rules prior to opening the account. You may find that some aspect of the Roth-IRA withdrawal rules are not quite what you expected.

Americans are infamous for not adequately saving for retirement. If you find yourself in this position, you need to start taking action immediately. For many people, this means looking to an individual retirement account, better known as an IRA.

By Linda E Ballis and John C Ballis

Do you feel that you are managing your financial life or that it is managing you? Most people who you speak to these days are living paycheck to paycheck and spend far too much of their time worrying about money. But imagine how your life might change if you could achieve genuine peace in your finances and never worry about money again. If this is what you really want, then within a few moments you'll have a rock solid strategy for making this a reality in your life.

Step One: Identify the Problem

by: Larry G Potter

There are two "basic" types of limit orders that you will encounter. First the brokerage will ask "is this a day order or a good till cancel?" Now what is all that about? Well, when you tell the broker you are willing to buy a stock at 52 or less, he needs to know if you mean for "today" only, or until you call him back and say "never mind" which can be up to 60 days later.