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 job behind? That’s one step. Did you retire? There’s another step. Did you start a family? Tha … [Read More...] about End-of-the-Year Money Moves. 2020 Edition
Main Content
Tax Strategies
“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
New I.R.S. Contribution Limits
Changes for 2020. The I.R.S. just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts … [Read More...] about New I.R.S. Contribution Limits
Investing
Should You Care What the Financial Markets Do Each Day?
Focusing on Your Strategy During Turbulent Times. Investors are people, and people are often impatient. No one likes to wait in line or wait … [Read More...] about Should You Care What the Financial Markets Do Each Day?
Unrealized Loss and Gain
What they are; why they matter. For many investors, it can be tempting to think of one's portfolio in terms of “gains” or “losses.” True, thi … [Read More...] about Unrealized Loss and Gain
Financial Planning
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
401(k) Loan Repayment
A longer repayment time can be an advantage. The conventional wisdom about taking a loan from your 401(k) plan is often boiled down to: not unless absolutely necessary. That said, it isn’t always avoidable for e … [Read More...] about 401(k) Loan Repayment
Retirement
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. Although these adjustments won’t bring any major changes, there are s … [Read More...] about 2021 Limits for IRAs, 401(k)s and More
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