Thanks to a couple of factors, some investors are thinking about this move before 2020 ends.  Provided by Marc Aarons Roth IRAs have attracted retirement savers since their introduction in 1998. They offer the potential for tax-free retirement income, provided Internal Revenue Service rules are followed. Do Roth IRAs seem even more attractive these days? […]

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 […]

A look at the maximum amounts you can put into retirement accounts this year. Provided by Marc Aarons at Money Managers, Inc.  The I.R.S. just announced the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at them. *Next year, you can put up to […]

What you need to know.  Provided by Marc Aarons at Money Managers, Inc.   When you reach age 70½, the Internal Revenue Service instructs you to start making withdrawals from your traditional IRA(s). These withdrawals are also called Required Minimum Distributions (RMDs). You will make them, annually, from now on.1 If you fail to take […]

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 […]

Perhaps both traditional and Roth IRAs can play a part in your retirement plans. Provided by Marc Aarons at Money Managers, Inc.   IRAs can be an important tool in your retirement savings belt, and whichever you choose to open could have a significant impact on how those accounts might grow. IRAs, or Individual Retirement Accounts, […]

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 […]

Tax Moves to Consider in Summer Now is a good time to think about a few financial matters.  Provided by: Marc Aarons at Money Managers, Inc.  Making changes earlier rather than later. If you own a business, earn a good deal of investment income, are recently married or divorced, or have a Flexible Savings Account […]

Are Changes Ahead for Retirement Accounts? A bill now in Congress proposes to alter some longstanding rules.  Provided by Marc Aarons at Money Managers, Inc.   Most Americans are not saving enough for retirement, despite ongoing encouragement to do so (and recurring warnings about what may happen if they do not). This year, lawmakers are also […]

Why you should periodically review beneficiary designations. Provided by Marc Aarons @ Money Managers, Inc. Your beneficiary choices may need to change with the times. When did you open your first IRA? When did you buy your life insurance policy? Are you still living in the same home and working at the same job as […]