If you withdraw earnings from a Roth IRA before you’re 59 1/2 (or even if you are 59 1/2 or older but you haven’t held the account for five years including conversions), you will pay taxes at your ordinary income…
Author: Bledsoellc
A Bird in the Hand is Worth Two in the Bush – Investing Lessons From Warren Buffett
Last week I got to attend the Berkshire Hathaway Shareholder’s meeting where Warren Buffett and his partner Charlie Munger sat on stage and answered questions from the audience about investing, the state of the economy, and the current market. These…
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Why Do Stocks Go Up?
The key objective of any investor is to get more than one dollar back for every dollar invested. Sadly, most introductory investment courses and literature do not begin with an explanation as to why stocks go up. It’s such a…
Tuning Out the Noise Leads to Greater Wealth
4 Traits of the Financially Savvy
The most financially savvy people aren’t afraid to ask for advice; they know their own strengths and weaknesses, and are also good at setting goals and priorities. Here are four traits that those who are shrewdest about money have in…
Tax Reform Brought Significant Changes to Claiming Dependents
Things taxpayers should know about claiming dependents While preparing their 2018 tax returns, taxpayers should remember that personal exemptions are suspended for 2018. Taxpayers can’t claim a personal exemption for anyone on their tax return. This means that an exemption…
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Social Security + RMDs – An Almost Perfect Retirement Income Source
When corporations moved from pension benefits to 401(k) plans, workers had to become the financial planner, investment manager and actuary in order to successfully plan for retirement income.
2019 Retirement Plan Contribution Limits
The IRS announced on Thursday that the limit on elective deferral for contributions to 401(k) plans, 403(b) plans, most 457 plans, and the federal government’s Thrift Savings Plan will increase from $18,500 in 2018 to $19,000 for 2019. However, the…
Tax Reform Brought Significant Changes to Itemized Deductions
There's less than a month to the April 15th tax deadline and the changes in the 2017 Tax Cuts and Jobs Act (TCJA) affect almost everyone who itemized deductions on tax returns they filed in previous years. One of these…
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Why Investors Need a Long-Time Horizon
Returns from stocks can vary greatly from year to year, and as in the case of 2018, month to month during the year. Over short periods of time (monthly, quarterly, yearly) the returns from stocks can range from up 53%…