Earning an income comes with taxes, and your investment incomes are no different. As your portfolio grows into retirement, it’s important to consider the difference between retirement pre-tax income and retirement after-tax income. A savvy advisor will consider your future tax liabilities to be an integral part of your overall retirement strategy.
IRA & RETIREMENT PLAN LIMITS FOR 2020
IRA contribution limits
It’s that time of year again. Tax season is upon us. This is now the time when many individuals consider funding their IRAs. Contributing to an IRA may seem pretty straight forward and in many ways it is! But there can be twists. Here are five IRA contribution rules that may surprise you.
For some the answer is, very well, thank you. For others, there may be plenty of room for improvement. There is no better time than National Retirement Security Week (October 21 - 27) to start saving in earnest, to keep on growing your nest egg or to make some positive adjustments to your existing retirement savings game plan.
One is the risk of outliving your assets; the other is the risk of losing your purchasing power. How you allocate your assets to manage and mitigate those risks matters. Put too much of your money in one place, and you run the risk of not keeping pace with inflation. Put too much in another place, and you run the risk of running out of money or, as some say, lifestyle.
“How am I doing?”
Help grow your savings even more by putting the 3 A's (account, amount, and asset mix) to work for you.
In over 40 years of business, our firm has never lost any money for our clients, in part because they don't own mutual funds. The following article seeks to simplify the many complexities of mutual fund expenses so investors are able to discover the true costs associated with mutual fund ownership.
If you’re expecting a bonus check from your employer this year, you may be tempted to blow it all on the latest iPhone or a bigger TV. But before you decide to splurge, first take a look at your overall financial picture to make sure you’re taking the best advantage of that extra cash:
Even though tax filing season is well under way, there's still time to make a regular IRA contribution for 2018. You have until your tax return due date (not including extensions) to contribute up to $5,500 for 2018 ($6,500 if you were age 50 or older on December 31, 2018).