You’ve been saving diligently for your retirement, but now you need some of that cash to cover today’s expenses. Can you get to it without incurring Uncle Sam’s tax wrath? In some instances, the answer is yes. When you take money out of an individual retirement account before you reach age 59½, the Internal Revenue […] READ MORE
Millions of Americans fear the unknown – Retirement. They fear not having enough money to live comfortably. They fear becoming dependent on their children because they cannot afford to make it on a fixed income. “Americans’ confidence in their ability to afford a comfortable retirement has plunged to a new low,” says the latest annual Retirement Confidence Survey […] READ MORE
Take advantage of this tax-advantaged account to stretch your savings. I’ve received quite a few questions recently about how Roth IRAs work, so I figured it would be helpful to put several questions and answers together as an all-in-one Roth IRA guide. Contribution limits Everything I read about preparing for retirement says to “save like […] READ MORE
Financial aid season for college students doesn’t kick off for another five months, but parents should take a close look at their investments and assets now to help maximize their child’s aid eligibility. The Free Application for Federal Student Aid (FAFSA), which students must fill out in order to apply for federal, state and some […] READ MORE
Getting divorced is a major financial transaction not to be taken lightly. As such, it can have serious tax implications, including some pitfalls you’ll want to avoid. This is especially true when it comes to splitting up tax-favored retirement accounts between you and your soon-to-be ex. You’ll need to plan ahead to make sure the […] READ MORE