Even if your employer doesn’t offer a retirement plan, you can still save for retirement, and get some tax benefits in the process, by putting money in an Individual Retirement Account (IRA).
10 Common Mistakes People Make With Their Estates and How to Avoid Them
Written by Kevin Connors. Posted in Blog
Estate planning is more than just writing a will
Many people think that estate planning is only meant for the wealthy. This is a misconception that all too often leads to miscommunication, hurt feelings and unhappy surprises. Here are the ten mistakes people often make with their estates and how you can avoid them.
1. Make a Plan.
Estate planning is about making…
One way for clients to avoid or minimize their capital gains tax is to hold investments in tax-advantaged retirement accounts, such as IRAs and 401(k) plans.
There can be significant tax advantages to taking withdrawals from one retirement account over another. Here's how to help clients plan.
Here are some tips for getting the best advice for investing in your retirement account, regardless of the fate of the Labor Department’s fiduciary rule.
TODAY financial editor Jean Chatzky shares tips to make your hard-earned money last for a healthy retirement income. Chatzky suggests making small changes, including increasing contributions to your retirement account by one percent annually.
IRA stands for Individual Retirement Account. It's basically a savings account with big tax breaks, making it an ideal way to sock away cash for your retirement.
A self-directed IRA isn't a different type of IRA. Rather, the term refers to any individual retirement account (traditional or Roth) that gives you more investment control by allowing you to direct your IRA assets into nontraditional investments.
by Leah Knapp on
May 15, 2017
There’s an exciting career revolution taking place – say hello to the “gig economy,” a booming new job market characterized by workers who call their own shots, set their own schedules and control their own destinies
Nowadays more and more Americans are becoming a part of this employment shift. In fact, according to a CareerBuilder survey , 29 percent of workers have some sort of side hustle, especially millennials -- 44 percent of 25-34 year-olds and…
Individual retirement accounts continue to be a leading segment in the retirement industry. Several studies point to continued growth and opportunity.
Plan sponsors can help close a knowledge gap by educating employees about the advantages of contributing to an individual retirement account.
What To Do with Your First Paycheck
Written by Kevin Connors. Posted in Blog
You’ve graduated from college and landed your first job in the “real world.” And now that you have your first paycheck, it’s easy to feel as though you’re finally making “real” money — but that first paycheck is just the first step in learning how to manage your money and prepare for your future
Before splurging on an expensive purchase, consider how your spending and saving habits now can…
By Christine Benz | 13/06/14
Figuring out which asset classes, geographic exposures and various risk factors to hold in which proportions presents investors with many challenges in their quest to build the optimal portfolio. But as our Global Diversification Week comes to a close, there is one more item to talk about: asset location -- essentially, the placement of investments in taxable or tax-sheltered accounts
About…
So, you’ve transferred your 401(k) retirement nest egg into an individual retirement account (IRA). This gives you more control over management and distrib
Learn more about Health Savings Accounts and how to fund HSA savings as well as retirement.
2017 promises to be a year of change for retirement accounts, including more automation and regulation.
If you turned 70-and-a-half-during 2014, and have never withdrawn money from your traditional IRA or 401(k), you're about to get fined by the IRS. The fine will be half of what you should have withdrawn. You have until April 1st to avoid it.
This woman’s former spouse promised to split his individual retirement account.
A backdoor IRA isn't a retirement account; it's a way of converting a traditional IRA to a Roth IRA to avoid contribution limits. Here's how to do it...