Weekend Reading: Congress Says You Can Delay IRA Distributions, But it’s a Tax Trap
While SECURE 2.0 allows for delayed RMDs, it may not be in your best interest.
Weekend Reading: Don’t Panic! Social Security Isn’t Going Away Anytime Soon
While policymakers have reforming to do, rest assured, Social Security is more than likely here to stay.
Weekend Reading: Will You Pay Higher Taxes in Retirement?
The combination of RMDs and Social Security income can result in what’s called the "tax torpedo”, but there are ways to help avoid it.
Weekend Reading: Who's Not Sweating the Debt Ceiling? The Markets
Are we headed for a “financial catastrophe”? Today’s news headlines paint a gloomy picture for the markets if Congress doesn't raise the US government's debt ceiling by June 1. However, the markets say otherwise.
Weekend Reading: The Case for Tax Adjusting a Portfolio
From the moment you enter the workforce and into retirement, you’ll find that all of your earned dollars are in fact not all yours. One way or another, Uncle Sam wants his share, so it’s crucial to consider the different values of your money based on tax implications.
Weekend Reading: You’ve Heard About Behavioral Finance. But What About Physical Finance?
Physical finance examines the relationship between finance and various physical factors, such as weather patterns and solar activity.
Weekend Reading: What it Means to Live a Good Life
You don't need to reach “old age” or face impending death to become more aware of the present moment and what you can offer the world.
Weekend Reading: Understanding the Basics of Stock Market Cycles
An awareness of how markets tend to move over time will help you better execute your investment strategy and feel more confident in times of volatility.
Weekend Reading: Annuities Are the Swiss Army Knife of Personal Finance
Annuities can be a versatile financial tool in your retirement plan, but it ultimately depends on your unique financial situation and goals.
Weekend Reading: Risky Business
Although traditional quantitative tools exist to help control risk in an investment portfolio (Sharpe ratio, Treynor ratio, etc.), these can also be misleading because risk is multidimensional and sometimes psychological.
Weekend Reading: Debunking the Top 10 Estate Planning Myths
You need an estate plan. Regardless of your net worth or financial situation, an estate plan provides peace of mind that your assets will be distributed according to your wishes upon your passing.
Weekend Reading: Myths About the Traditional and Roth 401(k)/IRA That Affect How People Use Them
One of your biggest retirement assets will likely be a tax-advantaged retirement account. If you’re looking for the most efficient exit strategy for withdrawals while en route to retirement or ways to minimize the tax impact on these savings, it’s important to know how they function.