2,016 results found
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Three Replacements for Stretch IRAs
The elimination of the Stretch IRA is a game changer, especially for parents who were considering bequeathing savings in IRAs to their kids. "For a lot of people, the bulk of their wealth has been established in their IRAs," said Michael Repak, vice president and senior estate planner with Janney Montgomery Scott. "Thi
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Optimize Your Bonus By Investing Smart
Utilize your bonus to pad your retirement account.
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How to help employees prepare for retirement
Some of your employees may be supporting their grown children instead of saving for retirement. Yes, you read that right. According to a report by Merrill Lynch and Age Wave, U. S. parents spend $500 billion a year on their 18- to 34-year-old adult children – twice the amount they contribute to their retirement savings
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I'm a financial planner. When my client launched her small business, we solved 3 problems to strengthen her plan.
I would normally never advise cutting retirement savings, but that was key to going all in on her business. Having a financial planner who can assess your business plan makes it easier to find clarity.
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When Choosing Funds for Your College 529 Plan, Don’t Make This Mistake
The average cost of public in-state college tuition, fees, room and board in 2020-21 is $26,820 a year and $54,880 for a four-year private college, according to a recent study by the College Board. For a child born today, the four-year cost of college is expected to be $526,629 for private and $230,069 for public, acco
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Is the Roth Back Door Still Open in 2022?
In late 2021, there were murmurs that the opportunity for backdoor Roth contributions would be gone in 2022. But after President Joe Biden's Build
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Advice To Women On Bridging the Retirement Savings Gap
Women continue to fall short in their overall retirement savings as compared to their male counterparts. There are many contributing factors to this. For one, women get paid less so there simply isn’t as much to put away. The most recent Census data confirms that on average, a full time working woman earns 20 cents per
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How To Invest: Tips For Kids And Why You're Never Too Young To Get Rich
The path to wealth is closer than many young people suspect. And the good news is that the younger you are, the greater the opportunity is. Especially when it comes to learning how to invest in stocks. If you have $15.26 in your pocket, it takes 16 doublings of your money to reach $1 million. Now skeptics might read th
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I'm a Financial Adviser: This Is How You Can Save for Big Goals Even if You Feel Like You're Barely Getting By
How can you set money aside when you're juggling rent, groceries, gas and that random $87 vet bill for your cat (again)? You learn and build better financial habits.
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How the Coronavirus Crisis Might Affect Your 401(k) Benefits
The next time a global pandemic rolls around, at least we'll know what to expect. The effort to contain COVID-19 in the U. S. has changed how we work, shop, exercise, and socialize. Even our long-term savings habits might be disrupted as employers look to optimize 401(k) benefits to conserve their own cash. According t