Uses of a Roth IRA Roth IRAs are similar to Traditional IRAs, but the main difference between the two is how they are taxed. Traditional IRA contributions are made with pre-tax dollars whereas Roth IRA contributions are made with after-tax dollars. Another major difference between the two
Smart investing can overcome the power of emotion by focusing on relevant research, solid data and proven strategies. Here are principles that can help fight the urge to make emotional decisions in times of market turmoil.
I think it’s safe to say that the most infamous mountain in the world to climb is Mount Everest. More than 280 people have lost their lives trying to make it through the clouds to its 29,029-foot summit. Some have made it their life long mission to navigate its dangerous terrain to hopefully get to
Have you considered the emotional aspects of retirement and how to plan wisely? In today’s world, people are working well past the age of 65 before retiring. Some people who are in good health may not be ready to retire just yet because they like what they do, want to keep busy, or need the extra
Financial planning is a lifelong endeavor, but people often seek out investment advice that doesn’t fit their current stage in life. When it comes to saving for retirement, most Americans invest and manage those savings for six decades or longer. It’s important to consider how your resources and
If you or someone you know is celebrating one of the key birthdays on the image below you may want to look into whether there are any financial decisions you have to or can make around the milestone. Let's dissect one of the key birthday's above and take a look at what types of strategies you
How to Calculate Health Care Expenses in Retirement by Victoria Finlay Health care is a major concern for people as they get older. The unanswered question of whether or not you will be able to afford your health care expenses can be unnerving. In the blink of an eye your life changes from
When you retire from your job, your income from work stops coming in and you are forced to replicate your paycheck from other sources. First you would look at any guaranteed sources of income you have. The typical ones are: Social Security Pensions Annuities If those