Social

Tag Archives | IRAs

The SECURE Act and Your Retirement Accounts

A relatively radical bill moving through Congress will mostly eliminate passing on to heirs the benefits of tax-deferred and tax free IRAs. Why haven’t you heard anything about this money grab? Maybe because the bill has so much bipartisan support instead of political drama that the media is not paying attention.

Continue Reading

Avoid Costly IRA Mistakes

Investing through an IRA is a foundational method of retirement saving. Opening and contributing to an individual retirement account is not hard. That doesn’t mean IRAs are simple and easy to understand. Learning how to avoid IRA mistakes can save you money.

Continue Reading

DOL Fiduciary Rule: Lower Fees, Unhappy Customers

I recently learned about an unexpected response to the new Department of Labor rule which mandates that all financial advisors and brokers act as fiduciaries (that is, in the best interest of the consumer) when dealing with customers’ retirement plans. This means brokers will be discouraged from selling high fee and commission products to a […]

Continue Reading

Either IRA or 401(k) a Good Choice for Retirement Saving

Which is the better choice for retirement saving, an IRA or a 401(k)? And what’s the difference between the two? Either an IRA (Individual Retirement Account/Arrangement) 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. […]

Continue Reading

What about myRA?

Chances are, you’ve heard about the new myRA retirement savings program that was proposed by President Obama during his State of the Union speech. But what is it, and how does it relate to the array of other retirement savings options you already have–including, of course, traditional and Roth IRAs, 401(k) and/or 403(b) plans? Is […]

Continue Reading