Pravasi Herald

Do you need an immediate annuity?

11/30/10
Living • MoneyMatters •
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Profit From Your Losses

Towards the end of the year, investors begin to size up the performance of their investments for the year. Our winning positions, both realized and unrealized fill us with great satisfaction while our losers sit there and stare us square in the face. Attempting to take advantage of your losses may help you overcome them both psychologically and financially.

10/31/10
Living • MoneyMatters •
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Retire with $1 million

10/31/10
Living • MoneyMatters •
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A New Approach to Making Money: Buy and “Know when to sell”

The oldest adage on Wall Street is “Buy Low, Sell High”. We all are able to do one part very easily i.e. buy. Why do we have such a hard time selling? Why are we so afraid to sell? Why do we rarely see magazine covers or analysts telling you about the investments to sell right now?

09/01/10
Daily Update • Living • MoneyMatters •
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Health Insurance: Decisions, Decisions

These days, medical conditions that previously killed and crippled are being treated and those afflicted, cured. Americans—and people from other countries who come to this country in search of medical care—pay the increasing costs associated with the improved quality of care. Physicians, patients, insurance companies, and even the government have sought ways to reduce cost but maintain quality.

07/01/10
Daily Update • Living • MoneyMatters •
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Common Insurance Mistakes - Are YOU making one?

We all know we need insurance but it’s not usually at the top of our priority list. Insurance is a valuable tool to protect our families from unforeseen events that can severely damage their financial futures, but it does not often get much of our attention. I have compiled a list of common insurance mistakes so you can determine if you are currently making any of them and hopefully properly insure you and your family before it is too late.

05/01/10
Daily Update • Living • MoneyMatters •
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Managing Risk in Volatile Markets

By Rajiv Hargunani

Every one who has been investing in the stock market over the past few years has been taken on a wild ride, up and down. We naturally enjoy the “up” ride more than the “down” ride. Even today, many investors are frightened about investing in the stock market because they neglect to utilize risk management strategies designed for their investments. While no strategy can be guaranteed to be profitable, nor protect against loss, there are ways to help manage risk.

So how does one manage risk in the portfolio? The answer actually is quite simple. It all comes down to understanding what risk means to you. Each one of us has a different tolerance to risk. Younger people & high income earners tend to be more risk taking where as older folks migrate towards risk aversion.

03/01/10
Living • MoneyMatters •
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2010 Roth IRA Conversion – To do Or Not to Do

By Rajiv Hargunani

In a few months something very exciting is about to change the world of retirement planning. I am talking about the Roth IRA Conversion. Roth IRAs have always been an attractive vehicle for retirement savings given their primary benefit of tax free distributions. However, if you were a high-income earner, most likely you were unable to contribute to a Roth IRA. Well, that’s about to change in 2010, thanks to the Tax Increase Prevention and Reconciliation Act signed in 2006, anyone regardless of their income or filing status will be able to convert their traditional IRA to a Roth IRA.

01/07/10
Living • MoneyMatters •
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Changing Jobs? Don’t let your 401(k) slip away

By Rajiv Hargunani

Today’s job market is more transitory than ever. And, as more and more individuals switch jobs, they begin to wonder what they should do with the money they have accumulated in their employer-sponsored retirement plans such as their 401(k) plans. The good news for 401(k) plan participants is that your retirement plan assets are very portable so you may be able to keep your existing 401(k) plan assets in a tax-deferred environment. The trick is to resist the urge to use the monies.

After tucking money away in your 401(k) for quite some time, you may be tempted to use it to treat yourself to a new car or some other indulgence. Because it could literally take years to replace your existing 401(k) funds, you should think carefully before prematurely taking money from your retirement savings.

10/30/09
Living • MoneyMatters •
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Peer behind the financial curtain!

Who's doing what with their money (and how it can help you)! Click to find out!


What is the typical household spending on food, fun, and more?	What it the typical home worth?	How much has the typical household stashed away and where?