Roth IRA
Three Unique Benefits of a Roth IRA
Individual Retirement Accounts, or IRAs, are (as the name implies) savings vehicles for your retirement. Pretty simple. You contribute money to it over the years, allow it to grow and compound, and once you turn age 59½, you can begin taking penalty-free distributions if you so desire. And that’s generally true for all IRAs, whether… View Article
You Need to Know These Two Roth Rules!
The creation of the Roth IRA back in 1998 gave us an entirely new financial planning tool — one that both retirees and those who are still saving for retirement could potentially use. Since that time, it’ turned into a useful tax-advantaged tool for many people to help offset and maybe even eliminate certain taxes… View Article
How to Build A Financial Plan- Episode 108
Creating a withdrawal strategy in retirement, one that aims to keep you from running out of money before you run out of time, is a unique – and difficult – challenge. It involves much more than simply trying to achieve the best rate of return. With so many external factors that are out of your… View Article
How To Pay No Federal Taxes on $100,000 of Income – Episode 102
Is it really possible to take a six-figure income and pay no federal taxes? Depending on your income sources, and how you use the tax brackets, it is indeed possible. What it all comes down to is knowing how the tax brackets work, and knowing what income is taxed at what rate. The bigger picture… View Article
Roth, IRA, or Personal Money: Which Should You Spend First? – Episode 101
It’s not uncommon for people to reach their retirement years with money socked away in different types of accounts: a 401(k) from work, some personal money in a brokerage account, and maybe some Roth IRAs, to name a few. Once you reach the stage of life where that money needs to be withdrawn, the important… View Article
What to Know About Inheriting Assets- Episode 93
If you’re an heir who’s a beneficiary of any kind of asset, then you may know that it can be both a good and a bad thing. For many people, an inheritance is like a gift from above, something that will improve their life in one form or another. For others, especially those who don’t… View Article