You can start investing even if you only have $500. And you don’t have to look at penny stocks. Most of the time, investors don’t have to buy a certain type of stock based on how much money they have. A $500 investment is the same, no matter how many shares you purchase or how … Read more
Do you want to quit your 9-to-5 job years before your friends and family? Before you hand in your resignation letter, let’s talk about what it means to retire early. Even though drinking cocktails on the beach sounds great, there are a lot of problems that no one wants to talk about. As someone who’s … Read more
A Roth IRA has a unique position in the spectrum of liquid assets. While traditional retirement accounts are generally considered illiquid until retirement age, Roth IRAs offer more flexibility. The answer to whether a Roth IRA is considered liquid isn’t a simple yes or no—it depends on which portion of the account you’re referring to … Read more
Verlan Kwan, partner at Keystone Law Group, summarizes five things you should know about an executor overriding a beneficiary. Read the complete article below for more details. Click the YouTube subscribe button to be notified when new videos are posted. An executor can override a beneficiary when they are acting in accordance with state statutes, … Read more
Saving for retirement can feel like putting together a puzzle with missing pieces. One question that comes up a lot is whether you can put a lot of money into your Roth 401(k) at once. This could be because you got a bonus, sold some property, or just have a lot of extra cash. No … Read more
A 403(b) is not an IRA. Both retirement accounts have tax benefits but different contribution limits and qualifications. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, this does not influence … Read more
As you work on your estate plan, you will likely create a will. In your will, you determine how to divide your estate. You will also name beneficiaries, who are the people that receive your assets. It is also essential to appoint an executor. The executor of your will is the person who distributes the … Read more
When someone passes away there’s often confusion about how their assets get distributed. Many people assume that whatever is written in the will automatically determines who gets what and when. But the reality is a bit more complicated than that. As someone who’s helped many families navigate this process I want to clarify exactly who … Read more
Receiving a lump-sum settlement can have important implications for individuals on Social Security Disability Insurance (SSDI). When an individual who receives SSDI benefits is awarded a one-time payment, it’s essential to understand how this additional income can alter their benefits. The Social Security Administration has specific rules for offsetting SSDI payments when public disability benefits … Read more
Want to know when you can retire with full benefits if you were born in 1957? The short answer is that you can retire at age 66 years and 6 months. But there’s a lot more you should know about how to retire! I’ve spent years helping people understand their Social Security benefits. Today, I’m … Read more