Investors older than age 70 1/2 who are taking required minimum distributions from their traditional IRAs can steer a portion of their distributions--up to $100,000--directly to the qualified charity of their choice, thereby satisfying the required minimum distribution (RMD) requirements.…
Read More It’s Giving Season – The Advantages of a Qualified Charitable Distribution
The Internal Revenue Service (IRS) announced 2020 contribution limits for retirement plans and other related items. The most noteworthy highlights of limitations that changed from 2019 to 2020 include the following: The contribution limit for employees who participate in 401(k),…
Know Your Tolerance for Risk vs. Your Appetite for Risk Risk – The exposure to an impairment of standard of living and irretrievable loss of wealth. Risk Appetite – The amount and type of risk you’re willing to accept in…
Read More The Difference Between Risk Tolerance and Risk Appetite
Gary Altman, an estate-planning attorney in Rockville, Md., recently had a client turn to her brother-in-law to cover bills after her husband died. The client had plenty of money, but she couldn’t readily access it because some of the accounts…
Why do we recommend stocks for investing over the long-term? Because the evidence supports that investing in stocks has provided the best real returns (after inflation adjustments). From the Credit Suisse Global Investment Returns Yearbook 2016:
I’ve mentioned on a number of occasions that the S&P 500 has been nothing short of disappointing since the turn of the century. I hope that every single reader who is still adding money to their investment portfolio on a…
Read More How Great Is Dollar Cost Averaging? You Don't Know The Half of It
Investor expectations of further interest rate cuts and the possibility of a slowing economy have led to a stampede into bonds in the last month. As demand for bonds has increased, interest rates have declined to all-time lows. Most recently,…
Read More Interest Rates Notch New Lows – Good for Borrowers, Not So Good for Savers
Say you were going on vacation a year from now, what would your first action be? Ask for the time off? Make a hotel reservation? Research the destination? Basically start planning the trip. Yet, when it comes to one of…
Are you on the right financial path? When will you be able to retire and what financial adjustments would be advisable for you to reach your goals? Our comprehensive financial plan reviews multiple aspects of your current finances and your…
Heading into retirement the number one worry retirees have is will my money last. There is no concrete answer, but in pursuit of that goal retirees may want to adopt a couple of spending and investing rules. The popular spend…
Read More How Can You Make Sure Your Retirement Money Lasts?
