Not to be confused with Stephen Hawking’s seminal work “A Brief History of Time”, here you will find a short primer on the beloved workplace retirement savings plan, the 401(k). If you were born after 1980, you would think that these employer plans have been around forever, but in reality, the plan is a relatively new workplace perk.
When November 5, 2024 rolls around we will have had a long summer and fall of unrelenting political ads, uncomfortable discussions amongst family and co-workers, doomsaying, policy demagoguing and all-around exhaustion over the whole presidential election. Here’s hoping that once the 5th turns to the 6th, we’ll actually have a clear-cut winner and can avoid any further media hysteria. However, the question still remains, whether your preferred candidate wins or loses, what will happen in the markets and how will it affect your personal financial situation and portfolio.
There has been a lot of scuttlebutt as of late regarding the current administration’s 2025 federal budget proposals, including some major changes to how Americans are taxed on their investments. There are a few major components of these tax changes. Here are the facts, and what investors should pay attention to as we move toward 2025.
Roth IRAs are a tremendously valuable savings vehicle for income earners. After-tax money goes into the account, and it grows tax free and is distributed tax free at retirement. Pretty good deal! Starting one for your child early in their life can be a powerful savings strategy. However, there are some rules to know to take advantage of these Custodial Roth IRAs (also known as Roth IRAs for Minors).
Americans treat credit scores like a personal competition where higher credit scores bring bragging rights in the financial game of life. However, few know exactly what goes into a credit score and why it is important to lenders. Here is a breakdown of what goes into a credit score, along with one GIANT myth that must be dispelled!
There is a huge, common misconception we hear often from clients with Roth IRA accounts. Most clients understand Roth IRA’s to be retirement vehicles that cannot be accessed prior to age 59.5 without penalty. THIS IS NOT TRUE!! Let’s take a deep dive into Roth IRA accounts to better understand how liquid they can be prior to retirement.