Future federal legislation covering retirement accounts may place more emphasis on Roth accounts.
Author: Jonathan
Don’t Fear the Conversion Conversation
Having a conversation about Roth IRA conversions with your financial advisor or wealth manager can be really helpful with your financial health.
Be Aware of Scams in Retirement
It’s fairly well known that the elderly are a favorite target the scammers. Why is that? I’m going to be brutally honest here–and I apologize to my older readers–but they are often more gullible and can be pressured into opening up their wallets fairly easily, especially if they think they are doing so out of…
The Light at the End of the Tunnel
If you’ve spent the pandemic working on your finances, you should keep up with that hard work even as things start to open back up.
Are You an “Active” Participant in Your Employer Plan?
Being an active participant in an employer plan can affect your ability to take a deduction when it comes to traditional IRA contributions.
Don’t Be Afraid to Take Advantage of Retirement Tools and Resources
I’ve said it before and I’ll say it again, but saving for retirement can seem like a daunting task for many Americans. Aside from the fact that the amount you will need for your nest egg seems to get bigger and bigger, there’s also the many current expenses people face that can make future expenses…
The IRS Making Things Confusing? No Way!
The IRS recently put out some instructions regarding the 10-year payout rule, which some industry experts have interpreted as an attempt to clarify things. So things should be straightforward now, correct? Wrong! In fact, the recent attempted “clarification” by the IRS only seems to make things more confusing. When the SECURE Act was signed into…
Maybe You Should Review Your Retirement Plans a Bit More This Year
When it came to finances 2020 was not a normal year for American savers. Many people lost jobs or were out of work for long periods of time. Even those that managed to keep working may have seen hours cut or anticipated–and many times vital–bonuses never come to fruition. While 2021 is looking better than…
Your Emergency Fund and You
Most, if not all, financial advisors and wealth managers think it’s a good idea to have some sort of emergency fund set aside. Such funds can range from a savings account that you stash away money in every so often to investment accounts to a plan to sell off certain assets you may have to…
QCDs and RMDs…Which Comes First?
Are you considering making a Qualified Charitable Distribution (QCD) this year or next? Or maybe you’re nearing retirement (but not quite there!) and you want to be generous with your nest egg my donating some of it to charity? Well, a QCD can be a great way to do that and, as you may or…