John Gay, CFP® www.ffplan.com

44 Flips | 1 Magazine | 10 Followers | @johncgay | John is a Certified Financial Planner in Frisco, Texas who has been advising individuals on financial planning issues for twenty years. He has been named by his colleagues to the D Magazine Dallas-Fort Worth list of best financial planners six consecutive times.

Should I Contribute to a Roth IRA or a Traditional IRA?

by <b>Wade Pfau, Ph.D., CFA</b><p><i>November 19, 2014</i><p>Especially with the growth of Roth 401(k) plans, many retirement savers will confront a decision at the …

10 tips for a great life after work

This article is reprinted by permission from NextAvenue.org.<p>I sold my successful software business in 2007 and almost immediately began feeling a …

New TSA fees to make airfare more expensive

Between shelling out hundreds of dollars in airfare and forking over even more for ancillary fees, travelers are already spending more than they have …

Why Do We Fund Social Security Differently From Other Government Programs?

Since its inception during the Great Depression, Social Security has been financed primarily by a dedicated tax on labor earnings. Today, workers and their employers together pay a 12.4 percent tax on the first $117,000 of labor earnings. This revenue – along with a relatively small amount of …

Include Your Kids in the Kitchen, No Matter What Age They Are

Getting kids involved in the kitchen isn't just great for teaching them how to cook, but also enhances math and motor skills. Next time the kids ask …

Kids

The death of U.S. savings bonds

U.S. savings bonds, a graduation gift staple for nearly a century, are on the verge of extinction.<p>Americans bought over 40 million of the most popular savings bonds in 2000. Last year, the U.S. sold a mere 400,000 of them.<p>They were often given to students, newly married couples or anyone having a …

The 4 Words Terrifying Americans Right Now

<i>This post is in partnership with</i> <i>The Fiscal Times.</i> <i>The article below was originally published on The Fiscal Times.</i><p>Americans are freaking out about …

Would an inheritance ruin your kids' ambition?

An inheritance can give your children just the financial boost they need. They could use it to pay off lingering debt, for a house down payment, to …

How To Destroy Your Wealth In 7 Easy Steps

It’s common if you’re wealthy to worry about losing your fortune due to forces beyond your control, like market meltdowns or economic stagnation. But what many don’t realize is that their own behavior may be the root of significant losses. Here are 7 wealth-draining behaviors to avoid:<p><b>1.</b> <b>Chasing</b> …

A Financial Planning Guide For Expectant And New Moms

For first-time mothers, pregnancy is an overwhelming physical and emotional experience. Aside from carrying up to 40 extra pounds, there’s the constant anxiety surrounding issues like preparing a baby’s room, picking a name and dealing with a host of logistical items, including selecting an OBGYN …

Nvidia’s stock climbs 0.6% premarket, after running up 13% the past 5 sessions to a record close

May 10, 2018<br>8:06 AM<p>May 10, 2018<br>8:05 AM<p>Wix.com downgraded to outperform from strong buy at Raymond James<p>May 10, 2018<br>8:04 AM<p>Inter Parfums upgraded to outperform from market perform at Raymond James<p>May 10, 2018<br>8:04 AM<p>CM Finance upgraded to outperform from market perform at Raymond James<p>May 10, …

Eli Lilly

Expense Ratio: The Mutual Fund Stat You Can't Afford to Ignore

Feeling Cool About A Hot Personal Finance Book

It’s pretty rare for a personal finance book to hit the New York Times bestseller list. So, when my Next Avenue editor asked me to evaluate the latest one, <i>The Bank on Yourself Revolution</i> by Pamela Yellen, I welcomed the opportunity.<p>I had reviewed the author’s earlier book<i>, Bank on Yourself</i>, for CBS …

Infographic: How Much Should You Be Saving?

There isn’t a magic number that works for everyone, but industry experts agree that regular contributions to a savings account is essential for every …

Infographics

Feds say Pennsylvania woman cashed dead mother's Social Security checks for 30 years

CARLISLE, Pa. -- Federal prosecutors say a Pennsylvania woman has agreed to plead guilty to stealing more than $520,000 in Social Security checks …

Map: State and Local Individual Income Tax Collections Per Capita

States depend on a variety of sources for tax revenue, but one of the most common are individual income taxes. This week’s map shows state and local …

Retirement

Maxing Out Your 401k Early in the Year May Lead to a Better Return

Depending on how your 401k is set up, you could get more out of it by contributing your maximum allowed amount as early in the year as possible. G.E. …

Retirement

College Gets Even More Costly: Federal Student Loan Rates Set To Rise

Bad news for students who need to borrow federal student loans: your interest rates for the 2014-2015 school year will be higher than they were during the 2013-2014 academic calendar.<p>The United States Treasury completed an auction of the 10-year note on Wednesday, selling $24 billion in 10-year …

Finally, ATMs That Can Spit Hot Acid When Thieves Attack

Want a splash of steaming acid to the face next time you try to jack an ATM? Researchers at ETH Zurich University may have you covered. Almost.<p>They …

The Only 3 Money Principles You Need To Know

<i>EDITOR’S NOTE</i>: <i>This post is adapted from the Forbes eBook,</i> <b>The Millennial Game Plan</b><b>: Career And Money Secrets To Succeed In Today’s World</b><i>, by Laura Shin. If you’d like to learn more about how exactly to budget, invest and negotiate your salary and raises, the title is available now for download at</i></i> …