Stock Message Boards
MNV
Market News Video
MNV MNV Model Portfolios ChartZero
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

One Put, One Call Option To Know About for American Express
Monday, March 31, 12:03 PM ET, by Market News Video Staff

Consistently, one of the more popular stocks people enter into their stock options watchlist at ...

One Put, One Call Option To Know About for JPMorgan Chase & Co. (JPM)
Monday, March 31, 12:10 PM ET, by Market News Video Staff

Consistently, one of the more popular stocks people enter into their stock options watchlist at ...

Gilead Sciences, Inc. Now #33 Largest Company, Surpassing Visa Inc
Monday, March 31, 4:40 PM ET, by Market News Video Staff

In the latest look at the underlying components of the S&P 500 ordered by largest ...

iShares Russell 1000 Growth ETF Experiences Big Outflow
Tuesday, April 1, 11:36 AM ET, by Market News Video Staff

Symbols mentioned in this story: IWF, HD, GILD, MA Exchange traded funds (ETFs) trade just ...

Notable ETF Inflow Detected - VTV, JPM, PFE, T
Wednesday, April 2, 10:59 AM ET, by Market News Video Staff

Symbols mentioned in this story: VTV, JPM, PFE, T Exchange traded funds (ETFs) trade just ...

  More articles:  1 2 3 4 5 6 7 next »

Getting The Most Out Of Your Bonus

By Market News Video Staff, Friday, January 18, 12:52 PM ET
Play Video: The Importance of ETFs


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

Lucky you if your employer gave you a cash year-end bonus – and not a stuffed turkey. Ideally you haven’t frittered it away on toys you don’t really need.

But one of the things you definitely should do is spend part of it on something memorable – dinner out with friends, a weekend getaway with your spouse or partner, time at a sporting event, museum, concert or theme park--perhaps Disney (DIS) or Six Flags (SIX) with your kids or grandkids. So the first step to take is to designate a percentage of the bonus for having fun. After all, theoretically you worked hard at your job during 2012!

Four additional recommendations:

1 Pay off a credit card. Or at least reduce the amount due on one of them. For most people, it makes sense to pay off your higher rate cards first. If you haven’t saved your latest monthly statement, call your credit card issuer, such as American Express (NYSE:AXP), Visa (NYSE:V) or MasterCard (NYSE:MA) --or go onto the company’s website) to find out what interest rate you’re paying and what your outstanding balance is.

Then, to determine out how much you'll save by doing paying off a card, use one of the helpful calculators at: www.dinkytown.net. Click on “Loan Calculators.”

Here’s another school of thought to consider: that you should first pay off in full the card with the smallest balance, in part to give you a boost – both psychological and financial. Again, run the numbers at dinkytown.

2 Add to your emergency fund. The rule of thumb here is to save six, or better yet, nine months of living expenses. Then if you lose your job, become ill or for some other reason are not working, you have money to tide you over. Or to do household repairs, such as getting a new roof or fixing your hot water system. So take a look at what you have in savings accounts, bank CDs and money market funds. Then, add what you can to reach the six or nine month nest egg goal.

3 Refinance your mortgage. Especially if you have difficult-to-make high monthly payments. This is an ideal time to refinance as interest rates are low. If you don’t think you’ll be staying in your house for several more years, then refinancing doesn’t make sense but it does make sense to use some of your bonus to pay down the loan.

Compare what your mortgage interest rate is with those offered by some of the larger banks, such as JPMorgan Chase (NYSE:JPM), Bank of America (BAC) and Citibank ©.

4 Fund your retirement account. At dinkytown you’ll find all the details you need about investing in a traditional IRA, a Roth IRA, an IRA SEP, a Keogh, a 401(k) plan and other retirement options.

Aim to make the maximum contribution allowed regardless of your age. As Billie Burke, the actress and radio personality who died in 1970 said, “Age doesn’t matter, unless you’re a cheese.”


Top Six Most Viewed Stories This Week @ Market News Video:
Tuesday Sector Leaders: General Contractors & Builders, Computer PeripheralsTuesday Sector Leaders: General Contractors & Builders, Computer Peripherals
Channel: Market Movers
Related symbols: MHO,BZH,EXTR,KTCC
S&P 500 Analyst Moves: VRTXS&P 500 Analyst Moves: VRTX
Channel: Upgrades/Downgrades
Related symbols: VRTX
Tuesday 4/1 Insider Buying Report: TFM, HEROTuesday 4/1 Insider Buying Report: TFM, HERO
Channel: Insider Buying Report
Related symbols: TFM,HERO
S&P 500 Analyst Moves: MHKS&P 500 Analyst Moves: MHK
Channel: Upgrades/Downgrades
Related symbols: MHK
Dow Analyst Moves: CSCODow Analyst Moves: CSCO
Channel: Upgrades/Downgrades
Related symbols: CSCO
Wednesday 4/2 Insider Buying Report: LUB, EXAWednesday 4/2 Insider Buying Report: LUB, EXA
Channel: Insider Buying Report
Related symbols: LUB,EXA

This Article's Word Cloud:   Burke   Definition   Express   NYSE   Rate   Then   Visa   about   balance   bonus   boost   call   card   company   credit   dinkytown   doesn   find   first   full   goal   have   haven   interest   make   money   monthly   mortgage   most   need   nine   other   part   paying   rate   retirement   save   savings   sense   should   some   sporting   such   take   tide   time   water   what   with   your
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use & Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  Econonomic News  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Stock Market Definitions
MNV

Getting The Most Out Of Your Bonus | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.