Could Custodial IRAs Help Young Adults Buy Homes?
Some parents and grandparents have that possibility in mind. Provided by Marc Aarons Individual Retirement Arrangements (IRAs) are for retirement saving, right? Absolutely. Is that their only purpose? Not necessarily. Imagine using an IRA not only to save, but to facilitate a home purchase. This would obviously be a tall order for an adult, given […]
The Pros and Cons of Early Retirement Plan Rollovers
Should you withdraw and reinvest your retirement plan money while you are still on the job? Provided by Marc Aarons Did you know you may be able to take your 401(k), 403(b), or 457 plan and roll it into another type of retirement account while you are still working? Let’s look at how these rollovers […]
Ways to Fund Special Needs Trusts
A look at the different choices & strategies. Provided by Marc Aarons If you have a child with special needs, a trust may be a financial priority. There are many crucial goods and services that Medicaid and Supplemental Security Income might not pay for, and a special needs trust may be used to address those […]
October Is Financial Planning Month
Six areas of personal finance to review. Provided by Marc Aarons When training to become a financial professional, much of our course work centers on the six critical areas of creating a financial strategy. Some recognize October as Financial Planning Month, so it’s an excellent opportunity to review those six personal finance areas.1 Cash Management: […]
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 […]
Creating a Retirement Strategy
Most people just invest for the future. You have a chance to do more. Provided by Marc Aarons at Money Managers, Inc. Across the country, people are saving for that “someday” called retirement. Someday, their careers will end. Someday, they may live off their savings or investments, plus Social Security. They know this, but […]
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 […]
How Will You Spend Your Retirement Savings?
Keep an eye on where it goes, as some destinations may be better than others. Provided by Marc Aarons You can probably envision how most of your retirement money will be spent. Much of it will be used on living expenses, health care expenses, and, perhaps, debt reduction. Beyond the basics, you will unquestionably reserve […]