For that reason, don't fly blind whenever unexpected weather comes your way! If any of these eight events ever happen in life, don’t make the mistake of proceeding without a plan.
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.
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.
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.
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.
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.
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.
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.
While market volatility can be unsettling, it’s times like these when it’s important to remember we’re always keeping a watchful eye on your portfolio. And to help provide a little peace of mind, here are a few things to remember during uncertain times to help keep things in perspective.