An IRA rollover allows you to consolidate former employer-sponsored retirement plans and potentially access a greater variety of asset options. When you’re weighing a rollover of retirement funds, there are two types to consider: direct and indirect. Follow along as we explore the difference between direct and indirect rollovers, the rules for each, and how…
Economic indicators tell you whether the economy is expanding or contracting. When these indicators are reported to the public, they can cause the stock market to shift in a second. But what about something like your retirement portfolio? Can economic indicators send shockwaves through your IRA, 401(k), or other retirement vehicles? Learn more about the…
Have you been putting money into retirement over the past 20 years or more? Good for you. But if you haven’t (or even if you have), it’s wise to review basic retirement math and reiterate why—even if you’ have money put away—it’s essential to start saving for retirement as early as possible. We’ll show how…
According to a report from the National Institute on Retirement Security, about two of every three 21- to 32-year-olds haven’t started saving for retirement. Is that a big deal? What if you’re in your 40s or 50s? It’s never too early to start saving for retirement, and thankfully, it’s also never too late if you…
If you’re facing a 401(k) rollover decision in the coming year—because you’re changing jobs or because you’re nearing retirement and want to hold onto your tax-sheltered status a bit longer—there are some important yet complicated changes you need to know about. Here, we go over what a 401(k) to IRA rollover is, why you might…
Perhaps fueled by time at home and stimulus funds, the average balance in Americans’ retirement accounts hit a record for the third straight quarter this year, according to Fidelity. We’ll look at the story and then review how that money is being allocated. What’s really inside American retirement accounts, and could they be more diversified?…
If the past is any indicator, you can expect to be paying more, not less, during retirement to maintain the same standard of living that you enjoy today. That’s pretty much the definition of inflation. Inflation also is a benchmark that the federal government uses to determine contribution limits to qualified retirement plans or to…
You can pretty quickly define wellness in terms of your health. You’re able to participate in the activities you want, and your body doesn’t hold you back from moving toward your personal goals. But how about financial wellness? Have you taken the time to consider what that means to you and whether you’re on track…
What’s a gold Roth IRA? Why do people open these types of accounts? And can you only hold gold in a gold Roth IRA? As America’s Gold Authority®, U.S. Money Reserve is here to answer your questions about gold Roth IRAs. Q: What is a gold Roth IRA? A gold Roth IRA is a type…
Year-end tax planning can only go so far. Don’t wait until December. The best tax-saving strategies take time to implement, and luckily you can start now. Consider strategies that can be helpful if you begin executing them midyear. Here are six tax-related items you may want to put on your financial checkup checklist. Get Your…
You might be going on summer vacation this year, but your finances can’t take a break. These financial literacy tips will help set you up to step away from your finances for a relaxing break, knowing that your accounts are in order. After all, who wants to come back to a pile of bills, reminders…
By definition, generational wealth refers to any assets that are passed from one generation to the next. By embracing the next generation and actively involving them from a young age, families can give themselves the best opportunity to shift beyond wealth preservation into wealth growth and transformation. Learn how families can build the foundations of…
