What’s Best for You - Traditional or Roth IRA?
The tax code offers two types of IRAs; one is referred to as the traditional individual retirement account (IRA), so named because it was the first type of IRA available, having been created by Congress back in the 1970s. The second type is…
Creating an Emergency Fund to Help You Weather a Storm Like COVID-19
For years, experts have been saying that everyone - including average citizens - needs to have some type of emergency fund in place to help them get through any "rainy days" that may lie ahead. The advice usually varies depending on the source,…
Why You Need a Financial Advisor Even More in Uncertain Times
We are living during a period of trying, uncertain times. The current outbreak of the Coronavirus disease (COVID-19), has had a significant impact on the way we go about our daily lives. From how we work, to how we live, to how we relax,…
Is Your Will or Trust Up-to-Date?
When was the last time you or your attorney reviewed or updated your will or trust? If it was before the passage of the 2017 tax reform legislation, or the Tax Cuts and Jobs Act (TCJA), your documents may be out of date. Among the many changes…
6 Simple Personal Finance Tips That Lead to a Big Payoff
Let's face it: A lot of personal finance advice seems to be incredibly repetitive and common sense — like paying off your debt ASAP and watching your discretionary spending when money is tight. Much money-saving advice also tends to be geared…
Personal Finance Tips for Recent College Graduates
Congratulations! You've worked hard on your degree and are ready to move forward with your first job and other major life decisions. While your degree and this first job don't necessarily set your life in stone, now is a crucial time to start…
How to Write Off Worthless Stock
If you are like most investors, you occasionally will pick a loser that declines in value. Sometimes, a security can even become worthless when the issuing company goes out of business.
Gains and losses for securities, including stock, stock…
Worried You Don't Have Enough Saved for Retirement? You're Not Alone
According to one
recent study, the average retirement age in the United States was 62
years old as of 2017. Currently, the minimum age necessary to collect
Social Security is 62, while 66 is largely considered to be "full
retirement…
When Can You Withdraw from Your 401k or IRA and Avoid Penalties?
Withdrawing
money early from your 401(k), your IRA or some other type of retirement fund is
something that may be necessary for a wide range of reasons. Maybe you're
dealing with unexpected medical bills and could use a bit of financial
assistance.…