A roundup of the latest news and reports of interest to financial advisers.Biden’s nominee to head EBSA reflects aggressive rulemaking agenda: Lisa Gomez's career is rooted in ERISA, and her keen understanding of the law would help the DOL as it seeks to implement new rules, lawyers said in this InvestmentNews report.Congress urged to act on numerous retirement system changes: … [Read more...] about Retirement Legislation, Crypto: News of Interest to Financial Advisers
Interview with Wealth Noir Founder: How People of Color Can Achieve Financial Freedom
The racial wealth gap is one of many systemic challenges that the Black community and people of color face when working to secure their financial futures. But there are many resources available to help you along your way and groups of people who have similar goals, including at Wealth Noir. In this Motley Fool Live video recorded on July 23, Fool.com editor Desiree Jones … [Read more...] about Interview with Wealth Noir Founder: How People of Color Can Achieve Financial Freedom
This Overlooked Expense Is Waiting to Gouge Your Retirement Savings
If asked to list your retirement expenses, you'll probably remember housing, food, transportation, and even recreation. But there's a lot more to retirement costs than just these everyday things. Irregular expenses -- those you only pay once or twice per year or every few years -- are important, too, but can easily slip through the cracks. One, in particular, can derail your … [Read more...] about This Overlooked Expense Is Waiting to Gouge Your Retirement Savings
What is the new child credit for 2021? – The Oakland Press
Q: What is the new child credit for 2021? A: Each child will receive a $3,600 credit if under age 6 and $3,000 if age 6 to 17. Families will get advance credits in their bank accounts starting July 15th at a rate of $300 per month if the child is under age 6 or $250 per month if age 6 or older. The advance payments will total 1/2 of the child credit and the other 1/2 will be … [Read more...] about What is the new child credit for 2021? – The Oakland Press
How Roth IRA Taxes Work and When You Pay
There are many different types of retirement plans, and one of the main ways to choose among them is to ask: How do they treat you at tax time? Let’s just say the Roth IRA is really very polite.How Roth IRA taxes workAlthough you pay taxes on the money you put into a Roth IRA, the investment earnings in the account are tax-free. Also, when you reach age 59½ and have had the … [Read more...] about How Roth IRA Taxes Work and When You Pay