The retirement account is no place to hide money from taxes because eventually, the IRS will come for their even share. RMDs stands for a required minimum distribution (RMD), which...
Posted by Pat Raskob on 11/28/2022
After years of perfect retirement planning, diligent investing, creating detailed budgets, and wisely investing resources, many investors continue to overlook an important detail:...
Posted by Rosovich & Associates, Inc. on 02/14/2022
In simple terms, a Roth IRA conversion permits converting your money to a Roth IRA from a traditional or a pre-tax retirement account. If used properly, they can be a financial planning...
Posted by Pat Raskob on 01/21/2022
It is never an easy ordeal, losing your job, whether emotionally or financially. Regardless, it is crucial to continue to be proactive regarding your finances and tax status....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/09/2022
Cash balance plans are defined benefit retirement savings plans that allow business owners to make large deductible contributions each year and build up deferred retirement savings....
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 11/04/2021
Savings bonds are a popular means of savings for conservative investors because they have the full confidence and credit of the US government. With savings bonds, you receive a fixed...
Posted by Pat Raskob on 10/19/2021
Irrespective of your age or profession, it is essential that you always work towards retirement, which is the essence of your 401(k) plan. The 401(k) is a retirement savings account...
Posted by Rosovich & Associates, Inc. on 10/09/2021
Many seniors use savings bonds for good reasons. However, they still provide an incredible way to help pay for the college expenses of a young person. Understanding College Savings...
Many people would love to withdraw early from their 401(k) since they feel it is their money. However, some rules make this a bad idea. 401(k) exist in two types – Roth...
Posted by Pat Raskob on 06/11/2021