What you need to know about this must-do distribution. When you reach age 70½, the IRS instructs you to start making withdrawals from your traditional IRA(s). These withdrawals are called required minimum distributions (RMDs). You will make them, annually, from now on.1 If you fail to withdraw...
Three approaches to analyzing the market. The majority of stock market analysis can be lumped into three broad groups: fundamental, technical, and sentimental. Here’s a closer look at each. Fundamental analysis: The goal of fundamental analysis is to determine whether a company’s future value is accurately reflected...
More professional practices (and practice groups) are looking into them. In corporate America, pension plans are fading away. Only 16% of Fortune 500 companies offered them to full-time employees in 2018, according to Willis Towers Watson research. In contrast, legal, medical, accounting, and engineering firms are...
Considering coverage for your household. A growing family, by definition, means growing financial obligations—both in the present and in the future. Raising children can increase your insurance needs and heightens the urgency for being properly prepared. Auto: When a child becomes a new driver, one option is...
If passed, it would change some long-established retirement account rules. If you follow national news, you may have heard of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Although the SECURE Act has yet to clear the Senate, it saw broad, bipartisan support in...
Express your wishes for how you are remembered by loved ones. Actor Lee Marvin once said, “As soon as people see my face on a movie screen, they [know] two things: first, I’m not going to get the girl, and second, I’ll get a cheap funeral...
Now is a good time to think about a few financial matters. Consider making tax moves earlier rather than later. If you own a business, earn significant investment income, are recently married or divorced, or have a flexible savings account (FSA), you may want to work...
Can your small business risk not having it? What kind of financial loss would your business face without its key employees? These employees are worth more than their salaries; their performance, professionalism, and character make your company what it is and provide the stability and predictability...
Recent court rulings may make you want to double-check. How often do retirement plan sponsors check up on 401(k)s? Some small businesses may not be prepared to benchmark processes and continuously look for and reject unacceptable investments. If your company offers a 401(k), here are some...
Supporting family can put a crimp in your financial strategy. Families are one of the great joys in life, and part of the love you show to your family is making sure that their needs are met. While that responsibility is to be expected from birth...