Roth IRA

Retirement brings about many changes including new routines, new adventures and possibly, a new tax bill. While everyone can benefit from lowering their tax liability, retirees especially should understand the tax implications of their financial decisions as they adjust to changes in income and expenses. Before retirement, your goal was likely to save, grow and protect your … [Read more...] about Horizon Financial Service, LLC shares 5 ideas to help maximize savings during retirement

SILVERTON, Colo. — Chances are, most people were not like 11-year-old Kendrick Keene at his age.After finishing school each day, Kendrick rides his one-wheel board a half-mile from his Silverton home towing 50 pounds of polished rocks in a wagon behind him.He polishes the rocks himself and sells them to tourists near the Durango and Silverton Narrow Gauge Railroad.He sells the … [Read more...] about 11-year-old Silverton entrepreneur saves more than $1,000 selling rocks

Many if not most people identify themselves as average, middle class folk, even though in reality — by virtue of income, lifestyle, education and luck — we may actually live better and have more than we think. More than many others who are genuinely statistically average. Things like estate planning are for the people, either through birth, work or luck (or all three), who have … [Read more...] about First rule of estate planning: Have an estate!

Being admitted to an MBA program is very exciting. You’ve worked hard on your application for months, completed the interview process, and now you’re celebrating after getting into an amazing school. Then, you’re suddenly facing the reality of paying your first tuition bill. While you have very likely considered how you were going to pay for the degree, whether that … [Read more...] about Attention MBA Admits: 3 Tuition Hacks That Will Save You Big $

Concerned about how taxes may affect your retirement?If so, you’re part of a growing cadre of Americans, some of whom are beginning to reassess their finances as a result of the COVID-19 pandemic and the uncertainties it brought about.In a recent Harris poll conducted in conjunction with Nationwide, 62 percent of those surveyed said they think it is more important now than it … [Read more...] about Taxes, retirement and the need to develop a strategy – Now | Lifestyle

invest-100-make-1000: cashGetty Images If you're new to investing, or just thinking about getting started, you may think you need a substantial chunk of money ready to begin. Nope. The truth is, you can get started investing with just $100—and easily turn that into $1,000 in seemingly no time at all. The best thing you can do in terms of investing? It's not "start big"—it's … [Read more...] about 10 Ways to Start Investing With Just $100

Clients who sock away funds in college savings plans seem to have a smart take on how to meet their offspring’s education costs. So why do so many parents leave money on the table?The majority of people who buy 529 accounts do so through an advisor, rather than through a state program that sells them directly, the by-far cheaper option. Many advisors charge additional fees that … [Read more...] about Tax-advantaged 529 plans are popular with wealthy investors who are saving for their kids’ education, but they can have their drawbacks

Two friends enjoying diving in the sea, on a warm summer day. Start planning today for the best gay ... [+] retirement plan. getty More than 3 million LGBT Americans are currently over age 50, and that number is estimated to more than double over the next decade as baby boomers ride in on a rainbow-hued silver wave.  For many gays, lesbians, bisexuals, … [Read more...] about The Gay Retirement Guide For Fabulous LGBTQ Financial Planning

Good morning. I’m Rachel Schnalzer, the L.A. Times Business section’s audience engagement editor, back with our weekly newsletter. Many employees who have worked remotely throughout the pandemic will be expected to return to the office this year — with no clear answers on how to handle COVID-related challenges at work. Newsletter … [Read more...] about Vaccines, COVID safety issues can spark lawsuits at work

If you want to be a multimillionaire someday, investing in small-cap stocks is a savvy strategy. Large blue-chip stocks are safer, but small-cap stocks still have substantial room to grow. Investing in just a couple of small-cap stocks is risky, though. Sure, you could find the next 10-bagger stock. But you could lose everything if something goes wrong for one of these young … [Read more...] about Investing in This ETF Right Now Could Make You a Millionaire Retiree