To decide on the appropriate account type, you need to first decide how you foresee using the funds. You also need to determine the amount of flexibility you want. In general, the more flexibility you desire, the less tax-advantages you receive. Below are some account types, common uses, advantages and disadvantages:
On December 23rd of last year, Congress passed the Consolidated Appropriations Act of 2023, a spending bill that included the anticipated SECURE Act 2.0. Rather than sending you a copy …
Have you ever assembled a piece of equipment, or perhaps a toy for a child, stepped back and admired your great handiwork, only to find a part (or two) leftover …
It seems the quote, “This is a year to remember!”, now applies to every year. We have hopes of stability and normalcy as a new year begins, particularly with COVID …
As the spring weather arrives and taxes are filed (or extended), now is a good time to consider your retirement plan. Be assured that there is “no one-size-fits-all” plan. Retirement …
This month’s post was originally shared in September of 2019. The information given below is always good to remember when managing your IRA and retirement money. I hope your …
