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I contributed to a Roth IRA, but make too much money. What do I do now?

I contributed to a Roth IRA, but make too much money. What do I do now?

by AFP Staff | Feb 10, 2022 | Economics, Financial Planning

The IRS specifies that you can only contribute to a Roth IRA if you make under a certain income limit. For 2022 you can make a full contribution if you are: Single and make under $129,000 or married and make under $204,000. You can make a partial contribution if you...
Are We in a Stock Market Bubble?

Are We in a Stock Market Bubble?

by AFP Staff | Feb 22, 2021 | Economics, Financial Freedom, Financial Planning, Investments

Are you familiar with stock market bubbles? If you’ve been investing since before the housing bubble of 2008 then you are, but perhaps the 1999 dotcom bubble is a more poignant and painful reminder for you. In the runup to the dotcom bubble everyone believed that the...
The Quintessential Key to Building Wealth: It’s Not What You Think

The Quintessential Key to Building Wealth: It’s Not What You Think

by AFP Staff | Aug 27, 2020 | Economics, Finance & accounting, Financial Freedom, Financial Planning, Investments, Life Planning

Anyone can create the lifestyle and legacy they want—even you, especially you! The good news is that if you want to experience prosperity, you don’t have to time the markets perfectly, make a six-figure income, or inherit a fortune from your deceased uncle. The bad...
A Huge Warning Sign for Stock Market Investors

A Huge Warning Sign for Stock Market Investors

by AFP Staff | Aug 13, 2020 | Economics, Financial Planning, Investments

In the third week of March, 2020, the stock market experienced its worst day since 1987. With fears of the global pandemic worsening, the S&P 500 Index was down 34% by March 23rd.[1] Investors lost a lot of money. While much of that has been recovered, the 2020...
What to do With Your Investments in Light of the Coronavirus

What to do With Your Investments in Light of the Coronavirus

by AFP Staff | Jul 29, 2020 | Economics, Finance & accounting, Financial Freedom, Financial Planning

Much has changed in the world of investments since the coronavirus pandemic. The volatility in the stock market this February and March rattled investors before making a rocky recovery April-July. Added to the coronavirus fears are real economic issues of companies...
Coronavirus Fears Worsen, but not Fundamental Market Issue

Coronavirus Fears Worsen, but not Fundamental Market Issue

by AFP Staff | Feb 28, 2020 | Economics, Financial Planning, Investments

The stock market has taken a beating this week with the Dow Jones Industrial Average (DJIA) experiencing at least two quadruple digit loss trading days and a possible third today. The DJIA peaked earlier this month at 29,551 points, but is currently trading in the...

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