The 2020 RMD Income Tax Relief Deadline Is Almost Here
Important facts and a date to remember. Provided by Marc Aarons Are you one of the many retirement account holders who took a mandatory distribution this year? If so, you may be able to manage the taxes associated with Required Minimum Distributions (RMDs) from traditional IRAs and 401(k)s. There are some essential details to keep […]
Financial Strategies for Young Families
It’s never too late to start. Provided by Marc Aarons The hardest part is getting started. Even though more than half of U.S. households have some form of investment in the stock market, many new parents may still find that creating a financial strategy is the last thing on their minds. And who can blame […]
How Much Money Will You Need for Retirement?
It depends on your goals, time horizon, and risk tolerance. Provided by Marc Aarons “Will I outlive my retirement money?” That’s one of the top fears for people who are starting to prepare for their retirement years. So I have to chuckle a bit when I see headlines that say, “Here’s how much money Americans […]
The Cost of Medical Care
The expense of insuring yourself may be minor compared to the price of surgeries and procedures. Provided by Marc Aarons When uninsured people end up in the hospital, “sticker shock” can follow. Just a quick look at the current prices for medical procedures can be sobering. How much does a CT scan cost? Between $250 […]
Will Political Changes Affect the Economy?
Election years cause some anxiety. Provided by Marc Aarons With all of the storm and stress of the year 2020, you’d be forgiven if you momentarily forgot that we’re due for another national election in November. Many states will be selecting governors, representatives, and senators, while the country itself will be voting in the presidential […]
The I.R.S. Has Enhanced the 2020 RMD Waivers
Investors may be eligible to “undo” certain retirement account withdrawals before September. Provided by Marc Aarons In March, the Coronavirus Aid, Relief, and Economic Security (CARES) Act became law. It was designed to help Americans impacted by the COVID-19 pandemic.1 The new law offered investors a financial break. It gave people the option to skip […]
Keep an Eye on Buying & Selling by Corporate Executives
A look at “insider” trading. Provided by Marc Aarons To some, the buying and selling of a company’s stock by corporate officers and directors can be an indicator of Wall Street sentiment. In July 2020, the ratio of companies with executive buying compared with executive selling touched 0.27 – the lowest level in nearly 20 […]
Starting a Roth IRA for a Teen
This early financial decision could prove helpful over time. Provided by Marc Aarons Want to give your child or grandchild a great financial start? A Roth IRA might be a choice to consider. There are many reasons why starting a Roth IRA for a teenager may be a sound financial strategy. Read on to learn […]
Should You Consider Refinancing Your Mortgage?
Market sees historic lows in mortgage rates. Provided by Marc Aarons On July 16, mortgage giant Freddie Mac announced that the average interest rate for a 30-year home loan had fallen to 2.98%. In addition, the average interest rate for a 15-year home loan had declined to 2.48%.1 A 30-year mortgage at less than 3% […]
What Is Earnings Season?
Financial results are reported each quarter. Provided by Marc Aarons Every few months, you may hear the phrase “we’re entering earnings season” as you read financial news. But what exactly is “earnings season” and why is it important to Wall Street? Earnings season is the period of time when a majority of publicly traded companies […]