Four Retirement Concerns
When it comes to retirement, there are many things to look forward to. There are also things to take precautions against. Here are four retirement concerns many people often have.
Flirting With Financial Disaster
On this episode of the How Money Works Podcast, we talk about some of the areas of your financial life where you might be flirting with disaster and how you can fix it.
Impact of Covid-19 on Your Portfolio
It’s probably safe to say most investors are very aware of the recent downturn in financial markets. In addition, you probably want to understand the impact of Covid-19 on your portfolio. To be perfectly honest, I’d love to give you a specific, realistic, and quantifiable answer.
If I make it, can I keep it?
Outside of withdrawals, the real question is: If I make it, can I keep it? Well, one of the investments we use allows you to make it AND keep it. They are fixed indexed annuities.
Paying Taxes From Another Source
Be careful before diving headfirst into a Roth conversion. Evaluate your income for the year and determine how much wiggle room you have before potentially pushing into the next tax bracket. Remember that Roth conversions can impact financial aid, IRMAA surcharges and other items based on income.
CARES Act Relief
The recently-enacted “Coronavirus Aid, Relief, and Economic Security Act,” or CARES Act, includes special tax relief for IRA and company plan withdrawals made in 2020 and for company plan loans. Here is an overview of the CARES Act relief.
Roth IRA & Roth 401k – The Basics
Despite the ubiquity of Roth accounts, there are some common misunderstandings about how Roth IRAs and Roth 401(k)s operate and interact with each other. Confusion swirls around such basic concepts as contribution limits, eligibility and Roth rollovers.
Naming Your IRA Beneficiary
Completing the IRA beneficiary designation form is part of your overall estate planning. Because the outcomes vary depending on your choice, you should understand the options.
Women and Retirement
Women have made significant strides over the years. However, as a group, they continue to face a risky retirement. Here are some tips on how women can prepare for retirement.
