Retirement Accounts

And the “Good News” About COVID-19 Is? Rollover Options

July 6, 2020

America has been taught to save through payroll deductions and investments in company sponsored plans such as 401k, 403b, 457, and Thrift Savings Plans.  While these plans have grown to over $5.7 Trillion,1 the provisions can be rigid and the investment choices very limited.  Truth is most employer plans require you to either leave the company or achieve the age of at least 59.5 years before you are allowed to take a distribution (or roll-over) of your retirement funds.

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Is A Roth Conversion Right For You?

June 1, 2020

During these turbulent times, Benjamin Franklin’s famous idiom in his letter to Jean-Baptist Le Roy rings true, “…but in this world, nothing can be said to be certain, except death and taxes.” While taxes may be inevitable, there are some strategies that can be implemented that will prevent filing your returns from feeling like a do-it-yourself mugging. We’re not going to touch on the complicated and convoluted tax strategies of the uber-wealthy, there’s something much simpler that’s certainly worth considering and likely worth doing- a Roth conversion.

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7 Essential Things Everyone Must Know Before Starting a Self Directed IRA

April 26, 2020

Essential-Things-To-Know-Before-Starting-a-Self-Directed-IRA-Infographic
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A Self-Directed Individual Retirement Account (SDIRA) is a retirement savings account. A type of traditional or Roth IRA and with identical IRA contribution limits, an SDIRA is for saving for your retirement on the basis of tax-advantages. The difference between an SDIRA and IRA lies in the number of investment options. In addition to all the IRA allowed options, such as stocks, bonds, mutual funds, and other investments; SDIRAs allow you more options, such as rental properties, a privately-held company, etc. It is needless to mention that more options mean a bigger, more secure investment for your lifetime period. Continue reading…

The CARES Act of 2020: How Are Retirement Plans Affected?

April 15, 2020

 

 

The Coronavirus Aid, Relief, and Economic Security, or “CARES Act” – the third emergency bill that Congress has passed in response to the novel coronavirus (COVID-19) pandemic – was signed into law on Friday, March 27, 2020. The CARES Act contains certain relief provisions for qualified retirement plans and IRAs.

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Over 55? Avoid Making These 6 Mistakes with Your Retirement Plan

April 14, 2020

Based on watching tens of thousands of investors make self-directed investment decisions every day for the past seventeen years – I’ve seen success and some painful failures during upturns and downturns in the market. Here are a few words of advice when thinking about adjusting your retirement assets.

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THE CARES ACT OF 2020: HOW ARE RETIREMENT PLANS AFFECTED?

April 7, 2020

The Coronavirus Aid, Relief, and Economic Security, or “CARES Act” – the third emergency bill that Congress has passed in response to the novel coronavirus (COVID-19) pandemic – was signed into law on Friday, March 27, 2020. The CARES Act contains certain relief provisions for qualified retirement plans and IRAs.

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The SECURE Act: What IRA Holders Should Know About It

April 1, 2020

The SECURE Act - What IRA Holders Should Know About It - Infographic
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The Setting Every Community Up for Retirement Enhancement (SECURE) Act has brought in good news to the large number of Americans who are concerned about securing their financial future post-retirement by saving enough money. The SECURE Law, signed by US President Donald Trump on 20 December 2019, became an Act with effect from 1 January 2020.

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Self-Directed Accounts: Do you know your Limit?

January 31, 2020

Ensuring that you will have a successful retirement is not a task to be taken lightly–you should enjoy the road to retirement while thinking of investment options, after all, you’ve worked hard for it. When people think of saving for retirement, they think of 401(k)s and 403(b)s which are employer-sponsored plans. One option that most people don’t consider when thinking of retirement is self-directing their IRA.

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Five Things to Ask Your Financial Advisor… And What They May Not Tell You

January 2, 2020

1. How do you get paid, and how much more do you make when my investments go up, and how much less do you make when my investments go down?

There is no doubt that anyone that works for you should be paid, and paid well if their efforts and advice yield above-market returns.  But is it fair that the earnings of your Financial Advisor should be about the same if those same investments do not perform?

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