Are you planning on using Social Security benefits to help supplement your retirement savings? Do you and your spouse understand how the Social Security survivor benefits work? If you and your spouse plan on using Social Security benefits to help…
Tip of the Day – June 24, 2017
IRA rules can be complex and confusing. As such, it’s not that hard to make a mistake (i.e. missing an RMD or making an excess contribution). However, these mistakes can be corrected if you properly inform the IRS on From…
Food for Thought – June 23, 2017
Do you consider yourself to be a patient investor? If so, what exactly does that mean? How do you remain patient?
Tip of the Day – June 22, 2017
The other day in this blog, the importance of working with a certified financial planner was discussed. Financial planners do more than just help you realize your goals and figure out the best way of reaching those goals–they also help you…
Food for Thought – June 21, 2017
How much research do you do before making an investment decision? Do you tend to spend lots of time researching and learning about a potential decision or do you tend to keep research at a minimum or do you feel…
Tip of the Day – June 20, 2017
The rules regarding IRA accounts can be tricky. If you make a mistake, fixing it means dealing with the IRS, which can be a complicated and stressful process. While you are free to run your IRA on their own, unless you fully…
Tip of the Day – June 19, 2017
If there are multiple primary beneficiaries for an IRA, calculating required minimum distributions (RMDs) can be confusing. If you are calculating RMDs for beneficiaries following the death of the IRA owner, you will use the life expectancy of the oldest…
Food for Thought – June 17, 2017
When you invest, do you tend to focus more on the companies you invest in or do you focus on the market sector? If your focus is the company in which you invest in, how far do you go in…
Tip of the Day – June 16, 2017
Yesterday in this blog we discussed some of the important aspects of the 10% early distribution penalty. Today we keep on the same topic, but instead will discuss what happens with after-tax amounts regarding the 10% early distribution penalty. Always…
Tip of the Day – June 15, 2016
Understanding the ins and outs of the 10% early distribution penalty is not easy. Furthermore, how it impacts you will depend on your age and when the converted amounts are distributed. For starters, you should know that the 10% early…