Deciding how to handle your inherited IRA once your spouse passes can be a daunting task, especially during an emotional time of loss. With three different options available, how do you know which one best fits you and your financial situation? Your age and that of your spouse typically plays the largest role in making […]
Do you need to withdraw funds from your IRA or company plan, but you’re not yet eligible to do so? Even though most investors are required to wait until they reach age 59½, there are some special circumstances that can allow you to access your funds while still avoiding the 10% early distribution penalty. While […]
If you’ve recently received a tax refund, you may be looking for the best way to invest your money. What if you could utilize an option that is both convenient and helps fund your future? April 18 is not just the tax-filing deadline, but it’s also the IRA-funding deadline, and if you haven’t yet maxed […]
Are you thinking of naming a trust as your IRA beneficiary? You might want to reconsider making this move, unless you’re doing it for the right reasons. While naming a trust as your IRA beneficiary can add protections and provisions for how your hard-earned money is used, it can also make things more complicated and […]
I have become frustrated with the headlines from the Media, whether they be the news media or blog writers, because they are written more to illicit an emotional response than to educate the public on problems and possible solutions. Tax reform is a means to drive more growth in the US Economy. And with 90% […]
Nearing retirement? Changing jobs? Recently inherited a retirement account? There are many reasons to consider an IRA rollover, and if you answered yes to any of these questions, there is a good chance you’re a great candidate for this financial move. There are many benefits that come with an IRA rollover, including more investment options, […]
It’s tax season! Every year, around this time, the Internal Revenue Service (IRS) publishes its dirty dozen – a list of scams criminals use to try and ferret out personal information and/or steal money.1 For example, if you received an email from a top executive in your company or organization requesting data from IRS form […]
You’ve probably been told that one of the smartest financial moves to make is investing in your future by maxing out your retirement plan contributions. Traditional IRA and Roth IRA investors have had the same $5,500 limit for years, with a $1,000 catch-up contribution option for those 50 years of age or older. However, there […]
Leaving a Legacy: 3 Differences Between Life Insurance and Roth IRAs If you’re planning on leaving a legacy for your children, grandchildren, or loved ones, you may be wondering how to do so in the most tax-efficient way. Both life insurance and Roth IRAs allow you to transfer assets from one generation to the next, […]