A Comparison of IRAs and 401(k)s
Since first becoming available through the Revenue Act of 1978, 401(k) plans have become the predominant retirement plan for private-sector employers. IRAs have been around for even longer, since 1975....
IRS COLA Changes for 2024
After last year’s historic cost-of-living adjustments (COLAs), the changes for 2024 are more modest. While inflation remains a concern for many, it has moderated a bit; but still, many of...
Minimize or Eliminate RMDs
It is important for IRA owners and beneficiaries to understand the required minimum distribution (RMD) prerequisites and learn how to reduce unnecessary taxes. If an accountholder or beneficiary misses an...
Utilizing Retirement Savings and Tax Strategies for College Expenses
A four-year college degree may not be right for everyone, but studies show that it can pay off. In 2021, women aged 25-34 with at least a bachelor’s degree earned...
IRA Strategies for Small Business Owners
Whether you operate your business solo or have employees, setting up an IRA-based retirement plan is a smart strategy for your future and your business. You can build a nest...
Reducing Taxes in Retirement With An IRA
It’s never too early to begin thinking about how to reduce your income tax liability in retirement – especially because some strategies require action in the years leading up to...
