Tax Considerations for Retirees
Are you aware of them? Provided by Marc Aarons at Money Managers, Inc. The federal government offers some major tax breaks for older Americans. Some of these perks deserve more publicity than they receive. If you are 65 or older, your standard deduction is $1,300 larger. Make that $1,600 if you are unmarried. Thanks to […]
Is Generation X Preparing Adequately for Retirement?
Future financial needs may be underestimated. Provided by Marc Aarons at Marc@OcMoneyManager.com If you were born during 1965-80, you belong to “Generation X.” Ten or twenty years ago, you may have thought of retirement as an event in the lives of your parents or grandparents; within the next 10-15 years, you will probably be […]
When You Retire Without Enough
Start your “second act” with inadequate assets, and your vision of the future may be revised. Provided by Marc Aarons at Money Managers, Inc. How much have you saved for retirement? Are you on pace to amass a retirement fund of $1 million by age 65? More than a few retirement counselors urge pre-retirees […]
Tolerate the Turbulence
Look beyond this moment and stay focused on your long-term objectives. Provided by Marc Aarons Marc@OCMoneyManagers.com Volatility will always be around on Wall Street, and as you invest for the long term, you must learn to tolerate it. Rocky moments, fortunately, are not the norm. Since the end of World War II, there have been […]
Investing Means Tolerating Some Risk
That truth must always be recognized. Provided by Marc Aarons at Money Managers, Inc. When financial markets have a bad day, week, or month, discomforting headlines and data can swiftly communicate a message to retirees and retirement savers alike: equity investments are risky things, and Wall Street is a risky place. All true. If you […]
Why Did Treasury Yields Jump?
A look at the early October selloff of U.S. government bonds. Provided by Marc Aarons at Money Managers, Inc. Investors raised eyebrows in early October as long-dated Treasury yields soared. On Tuesday, October 2, the yield of the 10-year note was at 3.05%. The next day, it hit 3.15%. A day later, 3.19%. What […]
Debunking a Few Popular Retirement Myths
It seems high time to dispel some of these misconceptions. Provided by Marc Arrons at Money Managers, Inc. Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few. “When I’m retired, I won’t really have to invest anymore.” Society still […]
Have You Considered Charitable Gifting?
Could it make the world a better place? Could it make sense, financially? Provided by Marc Arrons at Money Managers, Inc. A gift to charity may also help to improve your tax or financial situation. Here’s a brief look at some popular options for charitable gifting, with potentially significant tax advantages. Charitable Remainder Trusts (CRTs). […]
Taking a Loan from Your Retirement Plan = Bad Idea
Why you should refrain from making this move. Provided by Marc Aarons at Money Managers, Inc. Thinking about borrowing money from your 401(k), 403(b), or 457 account? Think twice about that because these loans are not only risky, but injurious, to your retirement planning. A loan of this kind damages your retirement savings prospects. […]
The IRA and the 401(k)
Comparing their features, merits, and demerits. Provided by: Marc Aarons at Money Managers Inc. How do you save for retirement? Two options probably come to mind right away: the IRA and the 401(k). Both offer you relatively easy ways to build a retirement fund. Here is a look at the features, merits, and demerits of […]