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Topic:
Financial Literacy & Fundamentals
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Just inherited an IRA? Take a moment to consider your options
Have you or will you inherit an IRA from someone that is not your spouse? This is not uncommon. Roughly 42 million US households own some type of IRA. So odds are you know someone other than your spouse who owns an IRA. Play your cards right and you could be a named beneficiary. If…
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The December Rout
BLOOMBERG, DECEMBER 26, 2018, 10:23 AM INVESTORS SCRAMBLE TO PULL CASH OUT OF MUTUAL FUNDS Investors withdrew $56.2 billion from mutual funds during the week that ended Dec. 19, according to data from the Investment Company Institute. The mutual fund market hasn’t experienced a one-week outflow so large since October 2008. REMEMBER THESE HEADLINES DURING…
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Protecting Elderly Family Members – What Can You Do?
Fact: We are all getting older. Unfortunately, there are many ways that the elderly can be targeted and taken advantage of financially. We are seeing increases in fake phone calls and emails and IRS fraud as scammers and the technology used becomes more and more sophisticated. There are some steps you can take to help…
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Turning age 70.5 with an IRA account – what you need to know
When to Start Planning for Retirement There’s a reason that you need retirement plan solutions. Regardless of when you plan to stop working, the IRS requires you to take distributions at 70.5. Making sure you start taking distributions is crucial, since the IRS imposes a 50% penalty on funds that are not withdrawn. But, this is…
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Business owners, if you offer a company 401(k), you should know the difference between 3(21) and 3(38) fiduciary services
In today’s evolving legal, regulatory, and litigation environments, it is vital for qualified retirement plan fiduciaries to understand their roles and responsibilities. The additional time and money needed to cover fiduciary duty may be hard to come by for business owners, who likely prefer to spend those resources growing their businesses rather than learning and…
