Q: Hi Dan, A question about this topic that I cannot seem to find an answer for. My intent, upon death, is to leave my Roth IRA funds to my spouse, my sister, and my two nephews. Currently I have only one Roth account. In order that my spouse can simply treat her Roth inheritance funds as her own, should I set up two different Roth accounts; one for my spouse, and the other to … [Read more...] about Opinion: I want to split my Roth IRA between several family members when I die. What’s the best way to do it?
7 Things ‘Comfortable’ Retirees Have in Common
Pixel-Shot / Shutterstock.comMany of us spend years dreaming of our retirement. But if we’re honest, the prospect of post-work life also frightens us a little. The notion of trying to fund decades of retirement without a job provokes anxiety. Fortunately, we can look to those who are successfully navigating retirement today for clues as to how to make our golden years a success … [Read more...] about 7 Things ‘Comfortable’ Retirees Have in Common
An accident permanently damaged her hands, but allowed her to become debt-free: ‘That money changed my life’
An accident with a shattered shower door permanently damaged her hands, but a State University of New York at Albany grad made the best of a bad situation and used an insurance settlement to put her on the road to financial stability.A Business Insider report allowed Kiersten Conway to share the story of how she handled her finances following college graduation and the wise … [Read more...] about An accident permanently damaged her hands, but allowed her to become debt-free: ‘That money changed my life’
Have you started your body’s 401K?
I was lucky enough to be able to see my entire family recently to celebrate my mom’s 70th birthday.This was the first time we have all been together in almost two years, so we had a lot of catching up to do.Of the six adults other than myself at the gathering, five of them asked me to take a look at a body part (or two) that had been bothering them for some time. It ended up … [Read more...] about Have you started your body’s 401K?
HOWARD GOLDSTEIN Obituary (2021) – Newton, MA
GOLDSTEIN, Howard I. Howard Ira Goldstein, 73, of Newton, Massachusetts, passed away on July 29, 2021, surrounded by the love of his devoted family and friends after a long and painful struggle with prostate cancer. Howie was so many things to so many people, and the world does not look the same without him in it. He was a pioneer in the field of collaborative law in … [Read more...] about HOWARD GOLDSTEIN Obituary (2021) – Newton, MA
7 Ways to Prepare for Higher Taxes
President Biden is pushing an agenda of raising taxes on corporations and the wealthy to help fund proposed bills for infrastructure and social safety net programs.Under his plans, the corporate tax rate could increase from its current rate of 21% to between 25% and 28%, and the long-term capital gains tax rate could rise from 20% to 39.6% for anyone making more than $1 million … [Read more...] about 7 Ways to Prepare for Higher Taxes
Paychex is the Nation’s Largest 401(k) Recordkeeper | News
ROCHESTER, N.Y., Aug 6, 2021 /PRNewswire/ -- For the eleventh consecutive year, Paychex, Inc., has earned distinction as the largest 401(k) recordkeeper by total number of 401(k) plans. The company serves more than 90,000 plans. The ranking was announced as part of the annual PLANSPONSOR magazine's annual Recordkeeping Survey, a national publication dedicated to the pension and … [Read more...] about Paychex is the Nation’s Largest 401(k) Recordkeeper | News
The Inside Story of How We Reported the Secret IRS Files — ProPublica
ProPublica is a nonprofit newsroom that investigates abuses of power. This column was originally published in Not Shutting Up, a newsletter about the issues facing journalism and democracy. Sign up for it here. In late July, ProPublica hosted a virtual event with reporters and editors to talk about our … [Read more...] about The Inside Story of How We Reported the Secret IRS Files — ProPublica
I retired. How much can I save to my Roth IRA?
Q. I retired in January 2021. I grossed $4,300 and I have not worked since. How much can I contribute to my existing Roth IRA for 2021?— Love to saveA. We love seeing people save for retirement.You can make a contribution because you had earned income during the year.For 2021, the maximum contribution to a Roth IRA is the lesser of your earned compensation for the year or … [Read more...] about I retired. How much can I save to my Roth IRA?
Financial Focus: Is Roth IRA better for young workers? | Lifestyles
If you’re in the early stages of your career, you’re probably not thinking much about retirement. Nonetheless, it’s never too soon to start preparing for it, as time may be your most valuable asset. So, you may want to consider retirement savings vehicles, one of which is an IRA. Depending on your income, you might have the choice between a traditional IRA and a Roth IRA. Which … [Read more...] about Financial Focus: Is Roth IRA better for young workers? | Lifestyles