Once in a while we would run across someone who wants to exclude social security from their retirement plan. This, I think, is a big mistake which could cause people to work longer than necessary, or make cuts to their lifestyle they didn’t really have to make when they look back on things.
READ MORE
We get asked this question all the time, and the answer we give most often might surprise you. In most cases, we suggest not reinvesting dividends. Here’s why: First, if you need income from your investments, it makes sense to generate some of that income from your dividends. After all, you’re going to pay tax on them whether you reinvest them or not. Unless, of course, the dividends are from an investment inside an IRA or 401(k).
READ MORE
Because there is no required minimum distribution with a Roth IRA, most of the people we talk to about their Roth IRA accounts are thinking the best thing to do is to leave the account alone, ideally, never touching it themselves, and leaving it to their kids or other family members. If you are an heir, it’s much better to inherit…
READ MORE
If you are retired or planning to retire in the near future, here are four questions to ask yourself to make sure you experience an Incredible Retirement.
READ MORE
If you are looking for a simple low-cost investment management approach you might be interested in a fairly new technology being offered by a major brokerage firms as well as some independent startup companies. This technology is often called Robo advisors. The good news is for a very low fee, about one quarter of one per cent, you end up with a diversified investment portfolio typically made up of index mutual funds. One big brokerage firm even claims to provide this service for free!
READ MORE
