If you are wondering what to do with your pension plan, check out the pros and cons of rolling over a pension into an IRA. 3 min read. If you are leaving your employer, you need to make the right decision for your pension plan. You can either cash out the money or move it … Read more
The senior citizen population is large, growing, and by some estimates, hold two-thirds of the individual wealth in the United States. In 2050, there will likely be almost twice as many seniors as there were in 2012. Elderly people are often more likely to be scammed than younger people who don’t have savings because they … Read more
Americans are worried that they will outlive their savings as they live longer, so annuities are becoming a popular way to make sure they have a steady income in retirement. Annuity sales surpassed $432 billion in 2024, according to data from LIMRA, drawing many retirees to the promise of guaranteed payments for life. But while … Read more
Are you facing financial hardship due to the pandemic? Wondering if you can dip into your retirement savings without getting hit with penalties? Good news – the CARES Act created special provisions allowing penalty-free withdrawals from retirement accounts during the COVID-19 crisis Let me walk you through everything you need to know about taking money … Read more
Thinking about kicking back and enjoying retirement at 60 with $400,000 saved up? You’re not alone. This question crosses the minds of many Americans approaching their 60s who want to know if their nest egg is sufficient for an early exit from the workforce. Yes, you can retire at age 60 with $400,000, but it … Read more
Retiring with enough money is a major concern for most of us While some folks aim for the million-dollar mark, others wonder if $600,000 might be enough to support their retirement dreams. I’ve spent a lot of time researching this question, and the answer isn’t as simple as yes or no – it depends on … Read more
Worried that your retirement strategy might get turned upside down? With all the chatter about Roth IRAs possibly vanishing it’s no wonder many of us are feeling anxious about our future finances. But before you panic let’s dig into what’s really happening with Roth IRAs in 2025. The Current Status of Roth IRAs and Conversions … Read more
Choosing the right retirement plan for your employees is an important decision, and requires thorough research. To evaluate different options, such as SIMPLE IRA vs. 401(k) plans, here are some key preliminary questions to ask: As a small business owner looking into retirement plans, I’ve spent countless hours researching the age-old question: is a SIMPLE … Read more
If you are about to turn 70, congratulations on reaching a big milestone. Also, if you have put off getting your Social Security retirement benefits until now, you are one of only 6 people who have done that. 5 percent of Social Security recipients put off collecting their benefits until they reach three score and … Read more
This article answers the question, “Where do rich people keep their money?” It also looks at how they save it, and, most importantly, how they invest it and expand it to create generational wealth. There are over 56 million millionaires and 2640 billionaires in the world. The US is home to over 21 million millionaires … Read more