Why are they made again and again? Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees. Calling them “mistakes” may be a bit har … [Read More...] about Retirement Preparation Mistakes
Main Content
Tax Strategies
2021 Limits for IRAs, 401(k)s and More
Numbers to know for the new year. On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. … [Read More...] about 2021 Limits for IRAs, 401(k)s and More
“Backdoor” Roth IRAs
If you make too much money to open a Roth IRA, you could create one this way. You can sum up the appeal of a Roth IRA in three words: … [Read More...] about “Backdoor” Roth IRAs
Investing
Making Investment Decisions
Are your choices based on evidence or emotion? Information vs. instinct. When it comes to investing, many people believe they have a “knack” … [Read More...] about Making Investment Decisions
Translating Stock Market Jargon
Have you ever been confused by the jargon used on Wall Street? Allow me to translate some esoteric stock market terms into plain … [Read More...] about Translating Stock Market Jargon
Financial Planning
End-of-the-Year Money Moves. 2020 Edition
Here are some things you might consider before saying goodbye to 2020. What has changed for you in 2020? For many, this year has been as complicated as learning a new dance. Did you start a new job or leave a … [Read More...] about End-of-the-Year Money Moves. 2020 Edition
FAFSA Applications Are Now Open
Federal Student Aid opportunities are often first-come, first-served. Applications for the Free Application for Federal Student Aid (FAFSA) are now open for the academic year 2021-22. Applying for the FAFSA … [Read More...] about FAFSA Applications Are Now Open
End-of-the-Year Money Moves
Here are some things you might consider before saying goodbye to 2019. What has changed for you in 2019? Did you start a new job or leave a job behind? Did you retire? Did you start a family? If notable changes … [Read More...] about End-of-the-Year Money Moves
Retirement
Why Roth IRA Conversions May Now Be Advantageous
Thanks to a couple of factors, some investors are thinking about this move before 2020 ends. Roth IRAs have attracted retirement savers since their introduction in 1998. They offer the potential for tax-free … [Read More...] about Why Roth IRA Conversions May Now Be Advantageous
2019 IRA Deadlines Are Approaching
Here is what you need to know. Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. April 1, 2020 is the deadline to take your R … [Read More...] about 2019 IRA Deadlines Are Approaching
The SECURE Act
Long-established retirement account rules change. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in … [Read More...] about The SECURE Act
Can You Put Your IRA into a Trust?
What you should know about naming an IRA beneficiary. Can your IRA be put directly into a trust? In short, no. Individual retirement accounts (IRAs) cannot be put directly into a trust. What you can do, … [Read More...] about Can You Put Your IRA into a Trust?