If you’re on your own when making a living, one of your biggest worries must be funding retirement. Think that, because you have no workplace 401(k) and no employer matches for your investments, that you also have no hope of living well in your golden years? Think again: a specialized individual retirement account can help.
Automatic, hands-off, fire-and-forget: Whatever you call the idea of investing and then letting nature (and the market) take its course, the idea may tempt you. Beware forgetting your controls for too long, though.
What is the best type of insurance coverage for young families? Term life, which is relatively affordable. How much should they have? Anywhere from $500,000 to $1 million.
When selecting an individual retirement account, the traditional IRA is fine for many of us. But there are a number of factors that make a Roth account more compelling.
Succession planning is one of the toughest challenges you’ll ever face as a small business owner. It requires not only a realistic view of your financial needs, but also an honest assessment of the capabilities of possible successors—often your own children.
Consider the following questions when thinking about your future, as well as that of your business:
When it comes to our financial nest eggs, we all want to make the best decisions possible. Scouring information sources often seems like a good place to start – if you know how to sift what you find.
The massive baby boomer generation, headed for the retirement rolls, faces some real financial jolts. Fortunately, the picture isn’t all bad.
Inheriting $1 million may sound like a blessing. But most people experience confusion, anger, sadness or some combination of the three, according to the Financial Planning Assoc. If you are a beneficiary grieving the loss of a loved one, here are some simple steps to make sure that the emotional toll does not end up a financial one, as well.
The mechanics of waiting to receive Social Security retirement benefits until after your retirement age are daunting. You can receive a lot more through waiting until age 70. Let’s explore how this all works.
When you withdraw money from your investment accounts, the big question is: in what order? From taxable accounts first? Tax-deferred? The answer makes a difference.