The Pros & Cons of Roth IRA Conversions
The Pros & Cons of Roth IRA Conversions What are the potential benefits? What are the drawbacks? Provided by Marc Aarons @ Money Managers, Inc. If you own a traditional IRA, perhaps you have thought about converting it to a Roth IRA. Going Roth makes sense for some traditional IRA owners, but not all. Why […]
TSP Withdrawal Options Are Changing: New rules could soon mean more flexibility.
Provided by Marc Aarons @ Money Managers Inc. By 2020, federal employees with Thrift Savings Plan (TSP) accounts should have new withdrawal choices for their invested assets. New rules are scheduled to be implemented through the TSP Modernization Act, permitting TSP participants more flexibility.1 The TSP withdrawal rules have been strict for many years. Too […]
Retirement Plans for Individuals & Businesses: A look at some of the choices.
Provided by Marc Aarons @ Money Managers Inc. Households are saving too little for the future. According to one new analysis, 41% of Gen Xers and 42% of baby boomers have yet to begin saving for retirement. In a recent financial industry survey, 35% of small business owners said they were planning to use […]
Why Life Insurance Matters for New Homeowners
Why Life Insurance Matters for New Homeowners It addresses a significant financial risk. Provided by Marc Aarons Money Managers, Inc. If you buy a home and you have no life insurance, there is a financial risk. It may not be immediately evident, but it must be acknowledged – and it should be addressed. What if […]
The Medical Expense Deduction in 2018
Tax reform has lowered the threshold. Provided by Marc Aarons @ Money Managers, Inc. If you itemize, you should note the reduced medical deduction threshold for 2018. This year, you can deduct qualified medical expenses exceeding 7.5% of your adjusted gross income. Next year, the threshold for the medical expense deduction returns to 10% […]
Tax Efficiency in Retirement
Tax Efficiency in Retirement How much attention do you pay to this factor? Provided by Marc Aarons @ Money Managers, Inc. Will you pay higher taxes in retirement? Do you have a lot of money in a 401(k) or a traditional IRA? If so, you may receive significant retirement income. Those income distributions, however, will […]
Less SALT for Taxpayers to Subtract
Less SALT for Taxpayers to Subtract What does the new federal cap on state and local tax deductions mean for you? Provided by Marc Aarons @ Money Managers, Inc. Have you routinely itemized your federal tax deductions? In 2018, you may decide to take the standard deduction instead. One possible reason: the new limit on […]
Why You Want a Retirement Plan in Writing
Why You Want a Retirement Plan in Writing Setting a strategy down may help you define just what you need to do. Provided by Marc Aarons@OCMoneyManagers.com Many people save and invest vaguely for the future. They know they need to accumulate money for retirement, but when it comes to how much they will need or […]
The Dow Dropped. Do Not Drop Out of the Market.
The Dow Dropped. Do Not Drop Out of the Market. Last Monday’s plunge was hardly the disaster that some media outlets claimed. Provided by Marc Aarons@Money Managers Inc. On February 5, the Dow Jones Industrial Average took an unprecedented fall. The benchmark dropped 1,175 points, and it was down 1,500 points at one moment during […]
The Value of a Stop-Loss Strategy
Why you may want to have one in place in any market climate. Provided by Marc Aarons@ Money Managers, Inc. What is a stop-loss strategy, and how can it potentially aid an investor? Savvy investors use stop-loss orders as a kind of “insurance” against stock market losses. Simply explained, a stop-loss order is an order […]