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What About Penny Stocks?

by Keith A. Rhodus on Nov 12, 2018

Stock buying can be risky, even if you’re purchasing the stock of a reputable, established company. While market dips are fairly typical with any stock, most established companies can rebound nicely from any unexpected drop in the market.

So, what about penny stocks? Is there really an opportunity to make a lot of money on stocks that typically trade below $5 per share?

The answer is maybe.

Here are some of the benefits and drawbacks to investing in penny stocks:

Advantages:

Things You Should Know About Social Security and Your Retirement

by Keith A. Rhodus on Oct 22, 2018

With more than 95% of American workers currently covered by Social Security, there are some things about this massive retirement program that you should probably know.  If you’re still in your forties or fifties, you can probably wait a few years to learn the intricacies of Social Security, but if you’ve recently entered your 6th decade on this planet, here are a few things you should be aware of:

Pet Insurance, Cancer Insurance and Discounted Dental Plans: A Worthy Investment?

by Keith A. Rhodus on Oct 15, 2018

Pet insurance. Cancer insurance. Discount dental plans.

You’ve likely heard about all of the above options, but if you haven’t purchased one, you may not fully understand how they work, what they cover, what they don’t cover, and ultimately, if they’re worth the cost. Here’s a brief explanation.

Bankruptcy Basics

by Keith A. Rhodus on Oct 9, 2018

While never an easy decision, filing bankruptcy can provide immediate assistance to those struggling to pay their debts. A long, sometimes complicated process, filing bankruptcy should never be the first solution to manage debt, but can provide a way to start over, free from overwhelming debt.

The two most common types of bankruptcy filed by individuals and married couples are Chapter 7 and Chapter 13.

2018 Tax Changes You Need to Know

by Keith A. Rhodus on Sep 24, 2018

As we draw closer to the last quarter of 2018, Americans are starting to think more about the changes to the U.S. tax code. Though the tax code has been tweaked in recent years, it’s been 27 years since the last major revision that took place under President Reagan. Whether you plan on doing your own taxes, or will be consulting with a CPA or other tax professional, take some time to familiarize yourself with the multiple changes that will take effect in 2019 for the 2018 tax year:

Investing in Tangible Assets

by Keith A. Rhodus on Sep 17, 2018

Remember Beanie Babies?  In the late 1990’s, Beanie Baby mania swept the country, with amateur collectors searching frantically at every card shop and kids store to find the latest beanie. Many turned to online stores and eBay, looking for the Beanie Baby that would make them enough money to retire or send their kids to college. Ty, Inc., makers of Beanie Babies helped to fuel this craze by ‘retiring’ certain Beanie Babies, making them unavailable, and in essence, increasing their value.  The Beanie Baby craze lasted through 1999, abruptly ending when Ty Inc.

Financial Literacy for Children

by Keith A. Rhodus on Sep 14, 2018

In a recent survey by JumpStart Coalition for Financial Literacy, only 26 percent of those between the ages of 13-21 said that they had been taught how to manage money. Yet, when they turn 18, kids are signing contracts for student loans, opening credit card accounts, and in many instances, living away from home with little financial guidance available.