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18 12, 2020

What is the Difference Between Trading and Investing?

By |2021-01-20T01:10:02-07:00December 18th, 2020|Categories: Financial Guides, Retirement Planning|Tags: , |0 Comments

For anyone who participates in buying and selling stocks, making a profit is the ultimate goal. However, two main types of stock market participants—traders and investors—follow different strategies in pursuit of that goal. The most significant difference comes down to timing: investors seek to build wealth by holding a portfolio over years or even decades,

27 11, 2020

Is it Better to Take a Lump Sum or Lifetime Payments from Your Pension?

By |2020-12-16T00:54:29-07:00November 27th, 2020|Categories: Retirement Planning|Tags: , , , |0 Comments

If you are fortunate enough to be eligible to receive a pension from your employer when you retire, one of the main decisions you will face is whether to accept a lump-sum distribution or lifetime monthly payments. As you approach your retirement date, it’s important to think carefully about this decision, since it is usually

20 11, 2020

Why an ETF is Better Than a Mutual Fund

By |2020-11-29T00:00:48-07:00November 20th, 2020|Categories: Financial Guides, Retirement Planning, Tax Diversification|Tags: , , , |0 Comments

Investors looking for an easy way to buy a diversified portfolio used to opt for mutual funds. Today, exchange-traded funds (ETFs) are an increasingly popular option offering several benefits. Both vehicles invest shareholders’ combined money in a broad set of assets, which provides the safety of diversification without the stress of buying and selling individual

6 11, 2020

The Ins and Outs of Medicare Enrollment

By |2020-11-13T19:32:24-07:00November 6th, 2020|Categories: Financial Guides, Retirement Planning|Tags: , |0 Comments

It’s easy to focus your retirement planning on your finances and give little thought to healthcare. Medicare, the federal health insurance program for older and disabled Americans, is waiting in the wings to provide at least basic coverage. But Medicare is complex, and enrollment can only happen at certain times. It doesn’t cover all medical

30 10, 2020

Social Security Benefits: Should You Take Them Early, or Wait as Long as Possible?

By |2020-11-13T19:35:53-07:00October 30th, 2020|Categories: Retirement Planning, Tax Planning|Tags: , , |0 Comments

When you reach age 62, you are eligible to begin taking the Social Security benefits that you have paid into throughout your working life. While this is an exciting milestone and you may be eager to start receiving your share, you will be entitled to a greater benefit for each year that you defer taking

9 10, 2020

Required Minimum Distributions (RMDs) are Waived in 2020—Should You Still Take Them?

By |2020-10-19T08:17:44-07:00October 9th, 2020|Categories: IRAs, Retirement Planning, Tax News|Tags: , , , , , , , , |0 Comments

If you are age 72 or older, you generally must take required minimum distributions (RMDs) from your traditional IRA or employer-sponsored retirement plan, such as a 401(k) or 403(b), each year. These amounts are included in your taxable income, and if you fail to take your RMD by the annual deadline, the amount not withdrawn

16 09, 2020

Active Versus Passive Investing: The Pros, Cons, and Tax Implications of Each Approach

By |2020-10-01T20:04:31-07:00September 16th, 2020|Categories: Retirement Planning, Tax Planning|Tags: , , , , |0 Comments

When deciding how to invest your money in order to maximize returns and minimize taxes over time, you may hear about two different strategies: active and passive investing. As the names suggest, active investing involves a more hands-on role for the portfolio manager, while a passive approach involves buying and holding investments for the long-term.

9 09, 2020

Retirement Fund Rollovers: Watch the Calendar and Follow the Rules

By |2020-09-11T02:29:32-07:00September 9th, 2020|Categories: IRAs, Retirement Planning, Tax Planning|Tags: , , , , , , , |0 Comments

There are many reasons why you might want to move your retirement savings to another account.  Maybe you want to invest with a company with better performance. Maybe you changed jobs and want to bring past accumulations with you to a new plan. If you’re among the millions who lost a job as the economy

2 09, 2020

What to Know About Health Savings Accounts (HSAs) in 2020

By |2020-09-07T01:00:05-07:00September 2nd, 2020|Categories: Retirement Planning, Tax Diversification, Tax Planning|Tags: , , , , , |0 Comments

Since health savings accounts (HSAs) were introduced in 2004 as part of the Medicare Prescription Drug, Improvement and Modernization Act, they have surged in popularity as a flexible way for numerous Americans to reduce taxable income and save for future medical expenses. But since the IRS establishes new rules governing HSAs each year, it’s important

26 08, 2020

Limiting Your Post-Retirement Tax Bite

By |2020-09-03T00:46:12-07:00August 26th, 2020|Categories: Retirement Planning, Tax Diversification, Tax Planning|Tags: , , , , , |0 Comments

Saving for retirement in tax-deferred vehicles is a great way to reduce your tax burden today. But it’s also important to limit the tax bite out of your hard-earned savings later by creating a stream of tax-free retirement income. By most estimates, income tax rates will likely rise in the future. Current rates set in

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