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The High Price of Waiting

Submitted by Sterling Raskie on Friday, May 30, 2014 - 12:00pm

Procrastination is a silent and slow killer of savings. Everyone puts things off, of course, waiting until the last minute and then scurrying to finish a longstanding to-do list. Taken to extremes, this course pulverizes your long-term financial plans.

Here’s an example. Last year my wife and I debated whether to remove a tree from our back yard. Mainly in the fall this sweet gum tree dropped its fruit, sharp and pointy gumballs that worked wonders on mower blades and bare feet.

3 Money Traps to Beware Of

Submitted by Ray Ferrara on Thursday, May 8, 2014 - 9:00am

The world of finance has traps for the unwary. Even in a bull market, they can harm you, so it pays to be on the look out. The three that are most insidious: more complex rules on IRA rollovers, tax scams and too-high margin debt.

A run-down of these problems, for the cautious:

IRA or 401(k): Which Is Better?

Submitted by Rick Kahler on Monday, April 7, 2014 - 3:00pm

Which is the better choice for retirement saving, an IRA or a 401(k)? A lot of people don’t appreciate the differences between the two, which go beyond where they are available – the 401(k) is workplace-based. You can put more money into a 401(k), but typically have more investment choices with an IRA.

Either an individual retirement account or a 401(k) plan is a great place to start investing for retirement. They are more alike than different, and which one to choose depends on your particular circumstances. Here are some of the basics you need to know.

Upgrading Forgotten 401(k)s

Submitted by Sheri Iannetta Cupo on Friday, March 28, 2014 - 3:00pm

Do you have a retirement plan languishing, forgotten, at an old employer? Often, those accounts suffer from neglect and need to be updated.

At our firm, we see many such old 401(k), 403(b) and other such accounts at previous employers that clients have not reviewed or rebalanced since they switched jobs years ago.

How Good Market Years Hurt

Submitted by Sterling Raskie on Tuesday, March 25, 2014 - 12:00pm

Good market runs are misleading. Too often, investors mistakenly think a top-performing year entitles them to refrain from putting away money the following year. These folks are cheating themselves.

If invested in the stock market in 2013, you saw a nice return on your investments. An amazing year for investors: The Standard & Poor’s 500 rocketed up 29.4% while the Dow Jones Industrial Average rose 23.6%. It’s easy to lose your investing head amid those numbers.

Bettering Kids’ Lives (Pt. 2)

Submitted by Bert Whitehead on Tuesday, March 18, 2014 - 12:00pm

Our society increasingly divides rich kids with a good educational and health foundation and poor kids with a disadvantaged upbringing likely to hinder their futures. Our first article looked at how we can lay firm financial foundations for our kids. Here's how we can still try to ease the way financially for our own children and grandchildren.