If you are an estate executor, is it necessary to file for probate when the estate owner dies? Learn more about the process of filing for probate here. When a loved one passes away, there are many tasks and responsibilities that need to be executed. Some examples include notifying others of the death, coordinating funeral … Read more
Theres a lot to like about Roth IRAs, including tax-free withdrawals in retirement. But the accounts do have some cons, such as no upfront tax break, and income limits for contributing. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their … Read more
Once you hit 60, you’re that much closer to retirement. You can take a few specific steps when the time comes to better prepare for and fully enjoy your golden years, even if it’s still a year or two away. Well discuss seven such actions in this article. Thinking about kickin’ back at 60 and … Read more
Thereâs a reason a Roth IRA is a popular retirement savings tool. It allows you to access a wide range of investments and enjoy tax-free distributions in retirement. Roth IRAs also use the power of compound interest to grow your nest eggâbut choosing the right investments is key. We will explain what a Roth IRA … Read more
Are you wondering if Charles Schwab is a fiduciary? The answer isn’t as simple as you might think. I will explain Schwab’s fiduciary status in simple terms so you can make smart choices about your future finances. The Short Answer: Yes and No Charles Schwab functions as both a fiduciary and a non-fiduciary across its … Read more
You might lose all or part of your account, or your spouse might get all or part of yours. Part of the series Strategies to Maximize Your 401(k). If you’re like a lot of people who have a 401(k) plan at work, it could be one of your most valuable assets. Should you and your … Read more
If a taxpayer can’t pay all of their tax debt or would have a hard time doing so, they should think about applying for an offer in compromise. Taxpayers should look for a licensed enrolled agent or a reputable accountant in their area to get help filing for an OIC from a real representative. Are … Read more
Workplace retirement plans like 401(k)s offer tax benefits for your retirement savings. The tax benefit you receive depends on the type of contributions you make. You should know how your distributions are taxed so that you can decide what to do with your money appropriately. People who are part of a workplace retirement plan may … Read more
In your 40s and 50s, what are your financial goals? Maybe you want to pay off your mortgage, pay for your child’s college, or save for retirement. Hopefully, youll have spent your 20s and 30s establishing your savings. But what can you do to save more money if you feel youre falling short?. Heres how … Read more
Saving for retirement takes time and discipline. You also need to make sure youre setting aside enough money to maintain your current lifestyle. But you need to strike the right balance so youre not saving too much. Any excess money could be better used elsewhere, like paying off your debts. This article talks about some … Read more