Think about these factors before you leave work for the last time. Retirement planning is not entirely financial. Your degree of happiness in your “second act” may depend on some factors that don’t come with an obvious price tag. Here are some non-monetary factors to consider as you plan your … [Read more...] about Retirement Questions That Have Nothing to Do With Money
End-of-the-Year Money Moves
Here are some things you might consider before saying goodbye to 2020. What has changed for you in 2020? For many, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another step. Did you start a … [Read more...] about End-of-the-Year Money Moves
Annual Financial To-Do List
Annual Financial To-Do List Things you can do for your future as the year unfolds. What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific … [Read more...] about Annual Financial To-Do List
How and When to Sign Up for Medicare
Breaking down the enrollment periods and eligibility. Medicare enrollment is automatic for some. For those receiving Social Security benefits, the coverage starts on the first day of the month you turn 65.1 If you are not receiving Social Security benefits at 65, you may be delaying until you … [Read more...] about How and When to Sign Up for Medicare
Managing Money as a Couple
What are the keys to prepare to grow wealthy together? When you marry or simply share a household with someone, your financial life changes—and your approach to managing your money may change as well. The good news is that it is usually not so difficult. At some point, you will have to ask … [Read more...] about Managing Money as a Couple
What is Reg BI?
Recently, you may have heard that financial industry regulators established a new set of rules designed to guide investors who work with an investment professional. This new set of rules is called “Regulation Best Interest” rule, known colloquially as “Reg BI.” 1 This rule establishes a series of … [Read more...] about What is Reg BI?
Will Political Changes Affect the Economy?
Election years cause some anxiety. With all of the storm and stress of the year 2020, you’d be forgiven if you momentarily forgot that we’re due for another national election in November. Many states will be selecting governors, representatives, and senators, while the country itself will be … [Read more...] about Will Political Changes Affect the Economy?
“Backdoor” Roth IRAs
If you make too much money to open a Roth IRA, you could create one this way. You can sum up the appeal of a Roth IRA in three words: federal tax benefit. Potential earnings in a Roth IRA grow tax-free as long as the owner abides by the Internal Revenue Service (I.R.S.) rules, and withdrawals are … [Read more...] about “Backdoor” Roth IRAs
Starting a Roth IRA for a Teen
This early financial decision could prove helpful over time. Roth IRA Investing Want to give your child or grandchild a great financial start? A Roth IRA might be a choice to consider. There are many reasons why starting a Roth IRA for a teenager may be a sound financial strategy. Read on to learn … [Read more...] about Starting a Roth IRA for a Teen