Roth IRA

You probably already know the basics of a traditional IRA (you invest pre-tax income — you can currently contribute up to $6,000 in 2021 — and must take required minimum distributions after age 72). You also may already know the details of a Roth IRA (you invest after-tax money — currently up to $6,000 in 2021 — and you don't pay taxes on gains when you withdraw money after age … [Read more...] about Considering a Backdoor Roth IRA? Here’s Why You May Want to Reconsider

When we talk about estate planning in 2021 and beyond, what are we doing with our wealth and investing if tax rates start going up? How has technology changed the estate planning process? Should you sell a business or change your succession plan in light of potential legal changes coming from D.C.? Estate planning is a complex area that needs to be reviewed over time. Laws can … [Read more...] about Drivers That May Impact Your Estate Planning In 2021 And Beyond

By S. Joseph DiSalvo, ChFC and Marie L. Madarasz, AIFIf you are interested in creating and growing a stream of tax-free income in retirement, don’t overlook after-tax contributions in your company’s retirement plan. For employees who participate in their employer’s 401(k), there may be more impactful options and saving choices available to you beyond investment choices. What we … [Read more...] about After-tax Contributions to a 401(k)

Sam Edwards | Getty ImagesWhen it comes to planning for retirement, it's important to consider how taxes could gnaw away at your nest egg once you reach your golden years.Assuming you've left work earnings behind you, any amount owed to the IRS will come out of your retirement savings or income. So the more strategies you can put in place to minimize or eliminate your tax bill, … [Read more...] about You can generate tax-free income in retirement. Here are some options

In this article, we discuss the 10 best Roth IRA stocks hedge funds are buying. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Roth IRA Stocks Hedge Funds are Buying.Roth IRA accounts have been making headlines across the finance world over the past few weeks after non-profit news platform ProPublica released a report detailing how … [Read more...] about 10 Best Roth IRA Stocks Hedge Funds are Buying

In this article, we discuss the 5 best Roth IRA stocks hedge funds are buying. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Roth IRA Stocks Hedge Funds are Buying. 5. The Walt Disney Company (NYSE: DIS) Number of Hedge Fund Holders: 134   The Walt Disney Company (NYSE: DIS) is a California-based mass media and entertainment firm. It is … [Read more...] about 5 Best Roth IRA Stocks Hedge Funds are Buying

In this article, we discuss the 10 best Roth IRA stocks hedge funds are buying. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Roth IRA Stocks Hedge Funds are Buying. Roth IRA accounts have been making headlines across the finance world over the past few weeks after non-profit news platform ProPublica released a report detailing how … [Read more...] about 10 Best Roth IRA Stocks Hedge Funds are Buying

If you're investing your first $1,000 for maximum growth, try putting your cash in a Roth IRA. Financial planners also recommend choosing index funds or dividend growth stocks. To boost your earnings, spend that money learning a skill that makes you more valuable. Read more stories from Personal Finance … [Read more...] about 4 Ways to Invest Your First $1,000, According to Financial Planners

Shot of a couple going over paperwork together at home getty Are you maxing out your employer’s retirement plan contributions? Did you know you might be able to put additional money into your plan after-tax? (The 2021 annual IRS limit for the total of all annual contributions is the lesser of 100% of your compensation or $58k plus $6,500 if you’re age 50 or older.) … [Read more...] about The Retirement Plan Option You May Not Have Heard Of

If there's one thing the coronavirus pandemic has taught us, it's that it's important to have extra money on hand at all times. That way, if you lose your job or encounter an unplanned expense your paycheck can't handle, you can dip into your cash reserves and avoid going into debt. You can also avoid a scenario where you feel compelled to liquidate investments and lose out on … [Read more...] about Can you tap into those funds in case of an emergency?