Contributing to an employer-provided 401(k) retirement plan is often touted as one of the best retirement strategies. However, approximately 55 million Americans don’t have access to such a plan. Are you among those with no 401(k) at work? If so, it’s still possible...
The IRS has added a twist to the rules for required minimum distributions from retirement accounts—a twist that could benefit you. The IRS announced the change on June 23. “Anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement...
It’s common to look to the stock market as a source of growth for your wealth. Many people feel right now is a good time to get back in after this year’s earlier shock. Given the circumstances, the market appears to be rather stable—at least for now. However, you...
Lack of knowledge is a major reason many Americans don’t open an IRA. Research from the LIMRA Secure Retirement Institute found that of those who don’t have an IRA, 46 percent feel they do not understand enough about IRAs to contribute to them. Where do you fall on...
The Fourth of July is this weekend, one of the most important holidays and one of my favorites. It’s just in time for it, too. Our country has faced some tremendous challenges this year. On top of everything else, political tensions are at a boiling point. However, at...