Having trouble understanding what a primary or contingent beneficiary is? Deciding between per stirpes vs. per capita? I’ll address it all in this article. When you name beneficiaries on a retirement account application there is an implied assumption that you will pass away before they do. Most people name their spouse as a beneficiary for …
That’s not a typo. While asset allocation is a common investment term, asset location is an often overlooked aspect of retirement planning. That is unfortunate because asset location can significantly affect the after-tax value of your retirement income. I’ll explain what asset location means and how you can use that information to increase your retirement …
It is no secret that Americans have a tough time saving for retirement. This is particularly true of millennials. The Great Recession has delayed the beginning of well-paying careers for many 18 to 34 year olds. A recent Bankrate.com study showed that millennials fear running out of money in retirement, but if you are struggling to …
Have you thought about what you might be giving up by waiting to invest for long-term goals such as retirement? One of the greatest financial tools that young investors have is time. Time’s effect on long-term investment performance is much greater than financial savvy or a large income. So many younger would-be savers and investors …
In your twenties or thirties you know that you’ve got a number of years left in the workforce. How long do you want to work before traveling, learning to sail, or playing golf as a full-time job? How much would you like to save for retirement at age 50, 60, or 70? What would you do if you had the means to retire at 40? These are …
For most 20 to 30 year-olds, talk of retirement saving or planning makes their eyes glaze over. Some have so much student debt, they can’t even see the end of tunnel, much less any light that might be there. Others are just getting started in their careers and starting families, and don’t feel as though they …
So, you have decided to invest. Great. Presumably, you are investing for a purpose. Even better. If that purpose is for retirement you may have even spent time thinking about whether a Roth IRA or Traditional IRA is best. For 2017, Roth and Traditional IRA contribution limits both remain at $5,500. The key difference in …
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