IRAs are complicated enough. Inherited IRAs can even be more complicated, if not handled properly. Be sure to find a good financial adviser who has experience with inherited IRAs, because they are handled differently than other investments such as 401k’s or life insurance policies. Then make sure your beneficiaries understand what to do with … Read more
You’ve worked hard for your money, so the song goes. With that said, the last thing you want to do is give it away to the IRS in taxes. How you manage the simple task of beneficiary designations on your IRAs can make a difference on how much of your hard-earned money your heirs get to … Read more
Your magic retirement number is 80. If you don’t have 80% of your pre-retirement income in savings and retirement investments – – – – – don’t retire!! Unless you plan on working throughout your retirement years, you will run out of money if you start your retirement with anything less than 80% of your pre-retirement income saved up. … Read more
Financial Principles You Need To Follow: Are you financial healthy? How would you know? And if you are financially unhealthy can you take some medicine to make it all better? No of course not – but you can recognize bad symptoms and through your own efforts make improvements. Follow these 5 principles to help you improve … Read more
Financial mistakes are easy to make; in fact, sometimes you aren’t even aware that you are making them. Therein lies the difficulty, avoiding financial mistakes can be a challenge if you are not aware of them. All mistakes can be corrected though, whether the mistakes are made from too much debt, too many fees, loans,late pays or from abusing … Read more
Ladies live longer than men, that’s a fact. Women will need more money in their retirement years than men, that’s a fact. Women need to learn how to manage their money better; Women need to learn about investing. Ladies if you don’t learn the secrets to retirement planning you will not have enough money for your retirement years, … Read more
In today’s fast pace society children have to grow up so fast. The best gift you can give your children is to prepare them for this fast paced society that they are about to enter and will be in for a very long time. Yes teaching your children reading, writing and arithmetic is the right … Read more
IRA’s or Individual Retirement Accounts can be a valuable investment tool if used properly. Familiarity with the investment will help you see the value of IRA accounts. To keep your IRA investment working for you do not think about making any IRA withdrawals until you have reached your retirement years. If you make withdrawals before … Read more
As you look around what do you see? The economy has bottomed out, your 401k account statements are showing negative returns, you can’t seem to get ahead, the cost of everything you buy keeps going up not down. We are in tough times. So you keep asking yourself why in these turbulent times are you … Read more
When someone talks about 401k advice they generally think of advice about what kind of investments you make within your 401k account. This type of advice usually centers around whether you invest in money markets, bonds, stock investments or mutual funds. The secret to 401k advice is learning how to manage the administration of your … Read more
Before you make an IRA investment, plan ahead. Determine when you will need to make any IRA withdrawals. Decide if you will need a tax deduction. Review all the rules and regulations of the Traditional IRA and the Roth IRA to determine which one best fits your investment needs. Each type of Individual Retirement Account offers the investor … Read more
Individual retirement accounts have a commonality and that is they are an investment used by investors saving for retirement. But IRA’s come in all shapes and sizes which is what makes them also unique. Individual Retirement Accounts can be “packaged” in many different ways. IRA’s can be “packaged” as the standard Traditional IRA and Roth … Read more
With all the financial decisions investors have to make, the one decision that’s most often overlooked is when to meet with a retirement planner? Meeting with a retirement planner sounds like something “other people” do. If you are not even close to retirement, it doesn’t seem like a retirement planner is someone you need to … Read more
As a retirement investor you have a lot to learn and many decisions to make. You have to decide on a retirement investment type, 401k, traditional IRA or Roth IRA. You have to make the proper investment choices, stocks, bonds, mutual funds, large cap, mid cap, small cap, cash balanced, international? So much to choose from. And then you have … Read more
When the economy is such a turmoil, it can be hard to make ends meet. You may be scrambling to find extra money to pay all of your expenses. You’re in a financial pinch and you’re running out of ideas. It’s times like these that a 401k early withdrawal may seem like a good idea, … Read more
Every one seeks financial security but it seems like few attain it. Believe it or not financial security is not hard to attain. By using the right financial tools to guide you, achieving financial security will be much easier. A financial pyramid is the all-encompassing financial tool because it covers all basis and … Read more
IRA accounts are different. Self Directed IRAs are different from Traditional IRAs, but do aim to accomplish the same result…getting you ready for retirement. A Self Directed IRA is a more advanced IRA than the Traditional IRA. When choosing between a Self Directed IRA or a Traditional IRA, be aware that the rules and restrictions are more … Read more
After you understand all of the restrictions of a Self Directed IRA , starting a this type of ira can be relatively simple. You can work with a custodian ira firm or your local bank’s trust department. These firms usually do not give investment advice. The function of these firms is to keep the books … Read more
Ira rules for Distribution The rules are different for a roth and a traditional ira when it comes to distribution/ withdrawals. Roth ira rules state that withdrawals are tax-free if the account is held for 5 years and you are age 59 ½. If under age 59 ½ and you do not meet one of the … Read more
Roth IRAs are not employer sponsored. Roth IRAs are retirement plans used by individuals who want to save for their retirement outside of their workplace. Contributions are not tax deductible like they are with the IRA traditional. The reason contributions are not tax deductible is because the contributions are made with “after-tax” dollars so that … Read more