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 Is Roth IRA better for young workers? – South Platte Sentinel
What happens to taxes and payouts with an IRA in a trust?
Q. I have a traditional IRA. The plan allows me to designate individuals, trusts or my estate as individual, but it does not recognize wills. I am older than the RMD start date. With my will, I want to establish trusts for certain beneficiaries, with payouts beginning at least 10 years from now, to avoid spendthrifts. How would it work in terms of taxes and the timing of the … [Read more...] about What happens to taxes and payouts with an IRA in a trust?
What happens to taxes and payouts with an IRA in a trust?
Q. I have a traditional IRA. The plan allows me to designate individuals, trusts or my estate as individual, but it does not recognize wills. I am older than the RMD start date. With my will, I want to establish trusts for certain beneficiaries, with payouts beginning at least 10 years from now, to avoid spendthrifts. How would it work in terms of taxes and the timing of the … [Read more...] about What happens to taxes and payouts with an IRA in a trust?
Former Red Raider Celebrates Gold Medal at Tokyo Olympics
In Canada's first game at these 2021 Tokyo Olympic Games former Red Raider Janine Beckie scored two goals on route to securing the victory over Chile 2-1. Beckie was solid for the remainder of these Olympic games culminating in herself and the Canadian Women's team winning their first Gold Medal ever after a thrilling finish against Sweden in the Gold Medal match.After the … [Read more...] about Former Red Raider Celebrates Gold Medal at Tokyo Olympics
Medicare is not free, so start doing this now
Suze Orman: Medicare is not free, so start doing this nowIf you’re counting the days until you turn 65 and won’t have to pay those brutal health insurance premiums anymore, Suze Orman has a harsh reminder for you.Medicare is far from free.“I want you to be clear-eyed about how much health care will cost you in retirement,” the money maven recently wrote on her blog, pointing to … [Read more...] about Medicare is not free, so start doing this now