December 2010 Schnack Financial Newsletter

"Hi,

The opening paragraph of the report of the National Commission on Fiscal Responsibility and Reform reads as follows: Throughout our nation’s history, Americans have found the courage to do right by our children’s future. Deep down, every American knows we face a moment of truth once again. We cannot play games or put off hard choices any longer. Without regard to party, we have a patriotic duty to keep the promise of America to give our children and grandchildren a better life.

Every American should read it."
FULL REPORT


--Randy

Financial Tips for Twenty-Somethings You're on your own now. You've finished school, are working your first real job, and maybe you're even buying a home or getting married. Here are a few tips to help you start managing your finances. More Details

Cash-In Refinancing: Can You Benefit from This Growing Trend? Mortgage interest rates are at or near historic lows, but stricter lending standards and declining home values have made it harder to refinance. Enter cash-in refinancing. More Details

Fixed Annuities vs. CDs: Is One Better Than the Other? While some features are similar, fixed annuities and bank certificates of deposit (CDs) also have characteristics that differ. What works for you may depend on which of these factors best fits your financial situation and investment objectives. More Details

Can I roll over my traditional 401(k) plan distribution to a Roth IRA? You can roll most traditional 401(k) plan distributions to a Roth IRA. These are treated as taxable conversions. More Details Can I roll over my Roth 401(k) plan distribution to a Roth IRA? You can roll your Roth 401(k) plan distribution over to a Roth IRA. Your rollover will be tax free regardless of whether your distribution from the Roth 401(k) plan is qualified or nonqualified. More Details