Consumer News

young investor, roth IRA

3 Reasons Young Investors Choose the Roth IRA

More young people are beginning to plan for retirement than ever before, starting as early as 18-25 years of age. This allows a much longer time period to prepare and weigh the options versus starting ...
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individual retirement account, financial planning

Borrowing from Your Individual Retirement Account

One of the most frequently asked questions I receive from clients revolves around the rules governing borrowing from your IRA, or individual retirement account. Taking a distribution from your account can avoid taxation if it ...
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IRA versus 401(k), investing, retirement investing, retirement savings

Smart Investing: IRA Versus 401(k)

The two most common options for retirement plans are an employer-supported 401(k) and an individual retirement account (IRA). Both options are considered smart planning for the future but, when it comes down to it, how ...
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required withdrawals, retirement planning

How a Higher Age for Required Withdrawals Could Impact Your Retirement

If you could delay making required withdrawals from your retirement accounts until age 72 instead of 70½, what would the effect be? While you may end up with more savings as a result, the difference ...
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common internet scams, scam alert, internet scams, fraud prevention

The Most Common Internet Scams to Watch Out For

Check out this video below to learn the 10 most common internet scams to watch out for. https://youtu.be/QcNdYAqnUmM There is no shortage of people out there who would just love to take your hard-earned money ...
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Can You Guess the Typical Millennial’s Retirement Savings?

The typical millennial has absolutely nothing saved for retirement, according to a recent study released by the National Institute on Retirement Security. More precisely, 66% of millennials have zero socked away for retirement. The median millennial's ...
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IRA Assets Will Almost Double Those in 401(k) Plans Over Next 5 Years

IRA assets (Individual Retirement Accounts) are likely to grow to almost twice the amount held in 401(k) plans over the next five years, according to an industry analyst. IRA assets are projected to swell to ...
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