An IRA is one way you can save money for retirement. What can you contribute to an IRA? When can you take money out? Who manages the IRA? Look for answers to these questions and more in the articles, blog posts, videos and radio shows.
After years of honing your skills, you apply for a job at a company that’s generating buzz. Not only do you score an interview, the company eventually offers you the job. Employee benefits include health insurance, paid holidays and sick days. Missing from the mix: your dream job doesn’t offer a 401(k) plan or other [...]
Being your own boss offers a lot of flexibility and opportunity for financial growth. But saving for retirement when you’re self employed can be a difficult path to navigate. That’s why Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., equates the strategies of investing and creating a self-employment retirement savings plan to playing a [...]
Saving for retirement can be confusing—and even a little intimidating—yet it’s utterly essential. Though nearly every financial professional recommends opening a retirement savings account as early as possible, the myriad options and often-confusing financial terrain can cause many people to procrastinate. It used to be simpler. In 1970, 42 percent of Americans had a defined-benefit [...]
Whether you filed for a tax extension and have yet to file your 2014 taxes, or you’re simply thinking ahead to next tax season, it’s important to know the facts about tax deductions. After all, the United States Tax Code is getting bigger—the Tax Foundation says that the entire body of the tax code has [...]
A couple of years ago, I was invited to a presentation put on by an aggressive financial planner about all the reasons I and other tax professionals should try to convince our clients to begin investing in Roth IRAs instead of traditional IRAs and 401(k) plans. What did I learn? That if those of us [...]
Aah….This time of year is filled with generosity. Even curmudgeons are infected with the holiday spirit. Remember, however, that not everyone is enjoying this season’s largess. This year and last, many people’s lives have fallen apart. People who used to be your neighbors or coworkers—or even you—are now out of work, clutching at unemployment checks, [...]
From Don: I've heard that the requirement to make Required Minimum Distributions from an IRA has been "waived" for calendar year 2009. I've looked di...
Today on the Clark Howard Show, Ilyce Glink filled in. She talked about whether you should refinance your mortgage, how to finance investment properties, and what to do if your homeowner's association is making life difficult by raising fees. She also talked about buying foreclosure properties,trading a CD for an annuity, and rolling over a 401k into an IRA. You can download the podcast here or at iTunes.com. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog . Sign up for Ilyce's free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. Subscribe to her YouTube channel: www.youtube.com/expertrealestatetips and friend her to be notified about new videos.
With stock values falling in 2008 some Americans may be considering doing a mortgage payoff using IRA money. Is it a good idea to pay off a mortgage with an IRA withdrawal? If you do use IRA money to pay off a mortgage don't forget to account for additional taxes. Another option if you can't pay off your mortgage is to refinance the mortgage loan.