Using a 401k to build a Mega Roth IRA. [Read more…]
Ed Slott and Company IRA Technical Expert Jeffrey Levine discusses 5 retirement planning tips you should tackle before year end. [Read more…]
Ed Slott, America’s IRA Expert, provides several key 2014 retirement planning building blocks you can implement to help you save on your 2013 tax return and strengthen your retirement savings in the long run. [Read more…]
by Richard E. Reyes, CFP
We’re predisposed to overestimate our positive qualities and underestimate our negative ones. Are you an “Above Average” investor? [Read more…]
Of course a pessimist is on the top of the list of people who are likely to lose hope and get depressed. Check out the ONLY economist we listen to Brian Wesbury on how pessimism is the biggest destroyer of investor success. [Read more…]
Ed Slott, America’s IRA Expert, answers a question about naming a minor as an IRA beneficiary for purposes of child tuition or a larger inheritance at a young age. Ed talks about certain issues that could arise and the possibility of using a trust in this situation. [Read more…]
by Richard E. Reyes, CFP
October 17, 2011 is the day of reckoning if you made a Roth conversion in 2010 and now are thinking about not going along with it. Once this date passes, if you converted an IRA or part of an IRA to a Roth IRA in 2010 you will be irrevocably locked into the conversion and the tax bill that comes along with it. [Read more…]
by Richard E. Reyes. CFP
The last few months have seen market gyrations, much talk about possible debt default by the U.S., as well as the S&P downgrade of U.S. credit. Although it is always important to stay current with world events, the true reality is that for most individuals and families who have a prudent plan in place for their retirement much of the ups and downs of the last couple of months should have little or no effect to your long term success.
I (nor ANYBODY) is the financial industry, guru, or fortune teller know what will happen tomorrow but since the events of the past month I do know two things –
1. Stocks have fallen sharply from their highs of the year
2. Treasuries have actually increased in price which has resulted in lower interest rates.
So instead of paying attention to events that you can’t control, let’s take a look at opportunities that arise from those events which we can control. [Read more…]
To receive your FREE REPORT, Do you know if you are making any of these Top 10 ½ IRA distribution screw ups many retirees make that could cost you a fortune and jeopardize your retirement security?,go here.
As you are listening to this you are probably thinking that the problem is investment problems –well it isn’t. Its not RMD which is sometimes very confusing to people, Its not even the taxes – although that is often the most misunderstood. The biggest problem is unfortunately the easiest to fix and that problem is YOUR BENEFICIARY DESIGNATION.
That’s right. It would seem this is so simple. But you must make sure that you have a designated beneficiary on your IRA accounts or rather ANY beneficiary designated account and/or retirement account.
It is important to understand that your will does not control who gets your IRA. [Read more…]
With the recent political concerns and natural disasters check out these simple “sleep well at night” solutions to protecting your portfolio and retirement during volatile times. [Read more…]