There is a chance that you may have been able to make a contribution to an individual retirement account (IRA) last year. With a carryback contribution, you can still put money into your IRA from the previous year until you file your taxes for that year. You can put money into an IRA even if … Read more
We can all agree that having extra money every month is a good thing. But figuring out where to put that money can be hard, especially if you want to save more for retirement or pay off your biggest debt. I’ve been studying this question for years, and the answer isn’t as simple as you … Read more
The rules of intestacy decide what happens to someone’s estate when they die without a will. When someone writes a will, they have the opportunity to say who they want to inherit their estate and how much each of them should get. People often leave their entire estate to their spouse, civil partner, or children. … Read more
There are pros and cons to NPS that you should carefully consider before putting money into it. If choosing to invest in NPS is your decision, then remember to check the key benefits and limitations that tag along. We will talk about the important benefits of the National Pension System in this blog post so … Read more
Most of us think of a certain time in our lives when we hear the phrase “retirement age.” More precisely, we think of what’s become the “standard” retirement age, which is 65-years-old. However, it has become increasingly rare that every senior hitting the age of 65 decides to retire then. Some older adults choose to … Read more
Having $100,000 in the bank sure feels great, but is it good? Is it enough? Is it too much? As someone who has helped a lot of clients look at their savings plans, I want to answer this question that a lot of Americans have. According to the 2022 Personal Capital Wealth and Wellness Index, … Read more
Yes, an executor can withhold money from a beneficiary, but only under specific circumstances. An executor is responsible for managing the deceased person’s estate, which includes paying debts, taxes, and other obligations before distributing any remaining assets to beneficiaries. If a beneficiary owes a debt to the estate, disputes a will, or there are unresolved … Read more
Building a million-dollar retirement might not be easy, but more and more people are crossing the million-dollar mark every year, proving that its possible. In fact, Fidelity noted that as of the end of 2023, a record number of people — 391,562 — had balances of a million or more in their IRAs. This is … Read more
Can You Really Get Rich After 50? Absolutely! To be honest, most people who think about getting rich picture young tech entrepreneurs or Wall Street stars who made a lot of money before they turned 35. But there is good news that might surprise you: most people become millionaires when they are 58 years old. … Read more
Are you worried that you’ll lose your Social Security benefits because you’re still working? Good news! Not all income counts toward your Social Security earnings limit! I’ve helped hundreds of clients figure this out, and today I’m going to explain it all to you. If you’re under your full retirement age and receiving Social Security … Read more