Is Your Company’s 401(k) Plan as Good as It Could Be?
Two recent court rulings may make you want to double-check. Provided by Marc Aarons at Money Managers Inc. How often do retirement plan sponsors check up on 401(k)s? Some small businesses may not be prepared to benchmark processes and continuously look for and reject unacceptable investments. Do you have high-quality investment choices in your […]
Roth IRA Contributions
What are your options? What are the benefits? Provided by Marc Aarons at Money Managers, Inc. If you own an Individual Retirement Account (IRA), perhaps you have heard about Roth IRA conversions. Converting your traditional IRA to a Roth IRA can make a lot of sense depending on your situation. But remember, consulting with your […]
Is Term Life Insurance for You?
Term insurance is the simplest form of life insurance. Here’s how it works. Provided by Marc Aarons at Money Managers, Inc. Term insurance is the simplest form of life insurance. It provides temporary life insurance protection on a limited budget. Here’s how it works: When policyholders buys term insurance, they buy coverage for a specific […]
TOD or Living Trust?
A look at two basic methods for shielding assets from probate. Provided by Marc Aarons at Money Managers, Inc. How do you keep assets out of probate? If that estate planning question is on your mind, you should know thatthere are two basic ways to accomplish that objective. One, you could create a revocable living […]
The Cost of Procrastination
Don’t let procrastination keep you from pursuing your financial goals. Provided by Marc Aarons at Money Managers, Inc. Some of us share a common experience. You’re driving along when a police cruiser pulls up behind you with its lights flashing. You pull over, the officer gets out, and your heart drops. “Are you aware the […]
Taking Charge of Your Financial Life
Delegating responsibilities to others may lead to problems down the road. Provided by Marc Aarons at Money Managers, Inc. When you are putting together a household, it isn’t unusual to delegate responsibilities. One spouse or partner may take on the laundry, while another takes on the shopping. You might also decide which one of you […]
Consider an IRA Charitable Rollover
If you want a tax break and want to help a nonprofit, this may be a good move. Provided by Marc Aarons at Money Managers, Inc. Have you ever wanted to make a major charitable gift? Would you like a significant federal tax break in acknowledgment of that gift? If so, an IRA charitable rollover […]
Could Social Security Really Go Away?
That may be unlikely, but the program does face financial challenges. Provided by Marc Aarons and Money Managers, Inc. Will Social Security run out of money in the 2030s? You may have heard warnings about this dire scenario coming true. These warnings, however, assume that no action will be taken to address Social Security’s financial […]
Where Will Your Retirement Money Come From?
Retirement income may come from a variety of sources. Provided by Marc Aarons at Money Managers, Inc. For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources: Social Security. Social Security is the government-administered retirement income program. Workers become eligible after paying Social Security […]
IRA Withdrawals That Escape the 10% Penalty
The list of these options has grown. Provided by Marc Aarons at Money Managers, Inc. An IRA, or Individual Retirement Account, is a tax-advantaged savings account that is subject to special rules regarding contributions and withdrawals. One of the central rules of IRAs is that withdrawals prior to age 59½ are generally subject to a […]