Approaching saving for retirement as a self-employed person has its strategies and can often appear not feasible for savers. We want to dispel any doubts that you may be feeling and help you feel confident that we host the perfect account for you. Each of these account types has its distinct tax advantages, just like […]
Category: Economy
Investing with a Self-Directed IRA During a Recession
It’s easy for investors to feel invincible during an economic boom. The problem is that this can lead investors to think that nothing can ever go wrong, and there’s no risk of losing all their money. But as we’ve seen over the past few months, things can change in an instant. Technically, we are in […]
Have Retirement Savers Taken Advantage of The CARES Act?
People taking advantage of temporary CARES Act rules that allowed for easier loans and distributions from 401K retirement plans increased slightly through November, a month before the Dec. 30 cutoff. As many as 1.4 million people have taken a CARES distribution from a major retirement savings firm, about 5.7% of participants on their system, according […]
Best Performing Assets for When a Recession Hits
When the market is soaring, it’s easy to forget that what goes up can also come down. But economic slowdowns tend to be cyclical, which means that another recession is in the future. Whether it’s fast-approaching or still a ways off, it’s wise to be prepared for its eventuality. This way, you won’t join the […]
Actionable Ways to Protect Yourself and Retirement from a Recession
With slowing global growth, trade wars, and inverted yield curves, it seems everywhere you look someone is talking about a recession. Will we have one? When? Will it be mild or severe? The only question anyone can accurately answer is the first one. Yes, we will have a recession. Recessions are part of normal economic […]
How The CARES Act Will Impact Your Retirement Accounts
The Coronavirus Aid, Relief, and Economic Security (CARES) Act has gotten a lot of attention because it promises stimulus checks and expanded unemployment for millions of Americans, but there’s a lot more to the 880-page law than that. It contains several provisions that affect retirement savings, including some that give you immediate, penalty-free access to […]
Four Investing Rules the Super Rich Always Follow (updated)
Today, there is more money in circulation than ever before, which means there’s more money to be made. Who makes this money isn’t about luck or having a “secret formula”. It’s all about being clever, and knowing how to make your money work for you. Whether you’re new to the investing game, or you’re a […]
What Changes are Coming in 2020 for Social Security?
A new year often brings slight changes to some of America’s most popular programs, and Social Security is no exception. The amount each beneficiary should expect to receive in 2020 will be slightly higher (like many years), after inflation adjustments. And taxes may affect different swaths of the population. The program is an important piece […]
How The SECURE Act May Impact Your Retirement Savings Account
If you have money in either a IRA or 401K, you probably already know that eventually you’ll have to take that money out and pay taxes on it, if those accounts are Traditional retirement savings account. But the rules for taking required minimum distributions (RMDs) have always been confusing, especially because they require you to […]
Building a Dividend-Centered Portfolio for Your Retirement
You may be familiar with the concept of portfolio diversification, and you may also be familiar with the concept of dividend investing, but do you know how dividend investing can help you create a more diversified portfolio? When you invest in dividend stocks, you benefit twice from both the dividend payment as well as appreciation […]