Proposed Budget’s IRA Impact

The proposed U.S. 2015 budget contains, predictably from President Barack Obama, tax breaks for working families and curtained breaks for the rich. The nearly $4 trillion budget proposal also seeks potential changes, good and bad, to your individual retirement accounts.

Tax-Efficient Investing (Pt.2)

Investing in the market to save for your future can come with a government price tag these days. In our first article we looked at strategies to get the most out of your money without tripping into higher tax brackets. Here are sneaky add-ons that can run up your tax bill.

IRA or 401(k): Which Is Better?

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

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

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)

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.

What’s the Point of myRAs?

President Barack Obama’s State of the Union address included announcement of the new, supposedly easier retirement savings plans, or “my Retirement Accounts” (myRAs). Do we need them? No.

Time Left to Beef Up Your IRA

Made your 2013 individual retirement account contribution yet? It’s not too late and here’s what to know.

You can contribute to your IRA until tax day this year, April 15. Last year, the Internal Revenue Service raised IRA contribution limits to $5,500 if you’re younger than 50 and allowed an additional $1,000 if you’re over 50.

Common questions regarding IRA contributions:

Obama’s Dud Retirement Plan

President Barack Obama’s plan for government-backed starter retirement accounts, unveiled in his January State of the Union message, has two major problems: The minimums are too low to make a difference in building wealth and inflation will consume the meager gains.

Obama dubbed his new retirement savings plan MyRA. The first rule in marketing is a name easy to pronounce. Confusion reigns. It is not MyIRA, or Myra, a girl’s name. It’s My-are-a, I think.

How to Do a 401(k) Rollover

You left your job and have to figure out what to do with your 401(k). A hasty rollover decision is not going to help in the long run. There is a lot of competition among big Wall Street firms to get you to roll over your account to them. 

But first, take your time. These are your hard-earned savings we’re talking about.  This is a good time evaluate your overall retirement strategy and perhaps enlist the help of an advisor you can trust.


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