5 IRA Misconceptions and How You Can Make the More Informed Choice
Posted by Michael Allen on Fri, 10/19/2018 - 16:37
Some IRA planning and investment strategies may appear easy to execute, but errors can lead to unexpected taxes or penalties, loss of the IRA’s tax-exempt status, and even disinherited beneficiaries. Where can things go wrong? Here are five common IRA misconceptions, as well as tips for making a more informed choice.
Where are my All-Time-Highs?
Posted by Michael Allen on Fri, 09/28/2018 - 16:35
With the S&P crossing the 2900 mark, it’s back in all time high territory, but many investors aren’t experiencing anywhere near the 7.2% return the S&P has posted this year.
Top 4 Exceptions to the 10-Percent Early Distribution Penalty
Posted by Michael Allen on Fri, 09/21/2018 - 16:34
Generally, the IRS will impose a 10-percent early distribution penalty if you withdraw assets from your traditional IRA before the age of 59½. Here are four of the most important exceptions to this penalty.
Cash is King
Posted by Michael Allen on Fri, 09/14/2018 - 16:21
2018 has been an interesting year for global markets thus far. We’ve seen declines in almost every foreign index while getting relatively good economic data from our developed friends from across the pond. What gives? Are Trump’s tariff talks really hurting businesses around the world?
Matching Student Loans
Posted by Aaron Everdyke on Thu, 09/13/2018 - 14:31
A little while back we wrote a Word about the impact of rising interest rates on areas that people wouldn’t necessarily think of. In that we detailed the state of consumer debt in the United States and I don’t think it would be a surprise for anyone to hear that the bulk of that debt resides in student loans. It is no secret that student loans are a problem that both citizens and politicians are struggling to find a solution to, but a recent IRS ruling might have laid the ground work for a potential fix.
Crises of Years Past
Posted by Mike Allen on Thu, 09/13/2018 - 14:31
One thing we can all agree on as investors is everyone loves a good crisis. They get the blood pumping and keep you on your toes. I’m kidding of course, but that’s what you’d think if you watched the news. With this years’ fresh batch of trade wars, political scandals, and elections playing out as we speak, we felt it would be interesting to revisit some of our woes and worries of old and see what came of them.
Protecting Inheritances for Married Children
Posted by Aaron Everdyke on Thu, 09/13/2018 - 14:30
Statistics suggest that a high percentage of marriages will end in divorce. Although you may not be concerned about your own marriage, are you worried about protecting the assets of your married children?
Everything may be rosy now, but it’s not uncommon for people’s perspectives (and personalities) to change during a divorce. If that happens, what do you want for your children’s inheritance? Would you continue to provide some level of financial support to your child’s ex-spouse once he or she is no longer part of the family? Or would you prefer to omit this support for your former son- or daughter-in-law? If you wish to protect your child’s inheritance, several planning options are available.
Posted by Aaron Everdyke on Thu, 09/13/2018 - 14:29
Arguably the biggest economic topic in the news right now is tariffs. Over the last few months we have touched base on trade wars, but we thought it would be interesting to look back at the history of tariffs.
The Basics of Credit Scores and Credit Reports
Posted by Aaron Everdyke on Thu, 09/13/2018 - 14:28
As consumers, we know that having a good credit score is important. Whether you are applying for a loan or signing up for a credit card, your credit score plays a major role in determining if you will be approved. Your credit score can also have a significant impact on loan terms and borrowing costs.
Posted by Mike Allen on Thu, 09/13/2018 - 14:27
Mike spent a whole day in Federated Tower on the 24th meeting with 9 of Federated Investor’s portfolio managers to get a pulse on the markets and how or if that’s effecting their strategies.