A Roth individual retirement account (Roth IRA) gives you a chance to grow your money over time by investing already-taxed dollars in a range of different securities. In retirement, your qualified withdrawals are tax-free—provided you satisfy a few basic rules.1 Although Roth IRAs can offer a powerful and flexible way to save and invest for … Read more
With an Inherited IRA, you may either need to take annual distributions no matter what age you are when you open the account or may be required to fully distribute the assets in the account within a specified number of years, or in some cases a combination of both. These rules dont apply if youve … Read more
Getting close to retirement age and wondering if you can access that pension pot you’ve been building up over the years? Maybe you’ve heard friends talking about “cashing in” their pensions and wondering if the same applies to your Local Government Pension Scheme (LGPS) benefits? You’re not alone – this is one of the most … Read more
Are you stuck between choosing an annuity or a certificate of deposit (CD) for your savings strategy? You’re not alone! I’ve been researching these financial products extensively to help my clients make better decisions with their money and I’m excited to share what I’ve discovered. Both annuities and CDs offer guaranteed returns and safety, but … Read more
Are you considering an annuity for your retirement planning? While these insurance products are often marketed as the perfect solution for guaranteed income in retirement, there’s a lot more to the story. As someone who’s spent years helping folks navigate retirement options, I’ve seen too many people jump into annuities without understanding the significant drawbacks … Read more
Inheritance, in its simplest form, is the transfer of assets, property, or wealth from one individual to another upon the initial owners passing. A will or trust typically governs this process, outlining how the assets should be distributed among the beneficiaries. However, there may come a time when an individual wishes to transfer part of … Read more
Are you approaching 62 and wondering if you can tap into that IRA you’ve been building for years? I’ve got good news for you – yes, you absolutely can cash out your IRA at age 62! But before you rush to make that withdrawal, there are some important things you should understand about the process, … Read more
Its easy to feel like everyone has their financial act together—everyone, that is, except you. But the truth is, many people are anxious about their financial standing and wonder how theyre doing, especially when it comes to retirement savings. To get a sense for how youre doing compared to other people, you may want to … Read more
Starting your retirement savings journey might seem daunting especially if you don’t have a lot of money to begin with. But here’s some good news – you absolutely can open a Roth IRA with just $500 and that modest beginning could grow into a substantial retirement fund over time! Can You Really Open a Roth … Read more
Have you come across $20,000 extra dollars? If so, congrats! But, now you have to figure out what to do with it. If youre not sure how to spend or save it, the below article is all about what to do with 20k. And finally, if you’re just looking to get more comfortable with money … Read more
