Financial Articles

Roth IRAs have plenty to offer you; contributions grow tax-free, they don’t have required minimum distributions (RMDs) and you can make withdrawals on your own terms (pending the rules). However, it’s important to note that these accounts cap at a $6,000 contribution for 2022 ($7,000 if you’re age 50+) - And, they come with income limits as soon as you enter the six-figure range.

According to the Social Security administration, about 56 percent of individuals will owe federal taxes on their benefits, and determining if that includes you, as well as how much you could owe, draws down to pinpointing your provisional income.

In this article, two of my favorite retirement researchers, past podcast guest Wade Pfau and Alex Murguía, highlight what is known as the RISA (Retirement Income Style Awareness) Framework. This profile is created by pinpointing the two strongest factors that determine your overall income preference style.

Despite what some might believe, the market’s continual climb (while non-linear) doesn’t stem from the Fed or low interest rates. Instead, this draws down to economic growth and the fact that corporations are earning more money overall.

Today’s inflation is causing a domino effect. To combat steep prices, the Fed is slowly raising interest rates, and as a result, we’re seeing low bond fund returns. All this being said, you might wonder, how far could it go?

As referenced by author Bob Goff, 27,375 is the average number of days a person will live over their lifetime. If you do the math, you can (roughly) estimate the number of days you may or may not have left. How will you spend them?

Despite an overall healthy economy, you might be wondering: Why is today’s market outlook telling a different story? The volatility we’ve seen draws down to a multitude of factors, and understanding those can help you gain more clarity on how they impact your retirement portfolio.

The reality is, unexpected events will happen; however, preparing for them as much as possible ahead of time is where true financial confidence lies.

Should you love or hate annuities? To reach a thorough conclusion, answering this question involves a bit of introspect and research. Above all, it’s important to keep in mind that no investment vehicle is perfect, and oftentimes, popularity will shift based on behavioral finance and current economic conditions.

We’re all in the midst of a longevity revolution, but in order to make the most of a potential 100-year life, it’s important to prioritize quality over length.

When it comes to investing, you might have heard it’s best to separate your emotions from your financial decisions; however, doing so causes you to eliminate your life’s worth of wisdom.

Whether at or near retirement, there is a solid chance you’ve recently experienced some form of financial concern amidst surging inflation, geopolitical events and general uncertainty of where this economic climate might go next.