Roth IRA

In the first episode of Fair Shares, a podcast from the Washington Post Creative Group and MassMutual about helping smart women plan a better financial future, host Bola Sokunbi — a financial education instructor and the CEO of Clever Girl Finance — joins a mother trying to balance work, parenting and money.  Sokunbi talks candidly with Ariana, who found out her son had special … [Read more...] about Episode 1: Then I Was The Caregiver

In the fifth and final episode of Fair Shares, a podcast from the Washington Post Creative Group and MassMutual about helping smart women plan a better financial future, host Bola Sokunbi — a financial education instructor and the CEO of Clever Girl Finance — joins two business owners taking charge of their financial fates.  Donna identifies as a self-made, lifelong … [Read more...] about Episode 5: Then I Planned For The Future

When it comes to taxes, we all have to pay the piper. In this case, the piper is Uncle Sam. So, even though you’ve seemingly already paid your fair share, your taxes aren’t going to necessarily be any lower in retirement. And, this also applies to annuity owners.Annuity Taxation 101Annuities are taxed by the IRS based. And, the tax is almost entirely calculated on how they were … [Read more...] about Understanding Annuities and Taxes: Mistakes People Make

Pre Tax IRAThere are many ways to save for retirement, but one of the best is to get an individual retirement account (IRA). These are especially useful if you don’t have access to a workplace retirement account, like a 401(k) or 403(b). An IRA is essentially a shell into which you deposit and invest money for the purpose of growing your retirement savings. Workplace retirement … [Read more...] about Are IRA Contributions Pre-Tax?

Westend61 | Westend61 | Getty ImagesIf you are not working and married, you may be leaving tax-deductible money on the table — money that could go towards your retirement savings.While you typically need to have income to open an individual retirement account, there is an exception for married spouses who file their taxes jointly. It's known as a spousal IRA, but it is simply a … [Read more...] about Even if you aren’t working, you may be able to open an IRA. Here’s how