What don’t you know? Many Americans are aware of Roth and Traditional IRAs …but there are also other types of IRAs that serve the self-employed,as well as IRAs for the self-directed investor. Here’s a quick look at several basic classes of IRAs,as [...]
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Beyond Roth and Traditional,there are other choices. When it comes to your investments,do you have the patience to reap long-term rewards? “But it looks so good!” When you hear about a new stock becoming available,are you enticed by its promise? Do you suddenly feel compelled to run right out and buy shares? Let’s say you DON’T buy shares,[...] On December 23,President Bush signed the Worker,Retiree,and Employer Recovery Act of 2008 into law,suspending all Required Minimum Distributions (RMDs) from IRAs,401(k)s and 403(b)s for 2009.1 This is sweet relief for people 70½ or older,especially people that don’t really need the IRA income. You can leave that money [...] A little phrase that may mean a big difference. When you read about investing and other financial topics,you occasionally see the phrase “tax efficiency”or a reference to a “tax-sensitive”way of investing. What does that really mean? The after-tax return vs. the pre-tax return. Everyone wants their investment portfolio to perform [...] Part 2 The home repair scam. Another old favorite. It used to be done door-to-door,now it is arranged mostly over the phone. This usually involves an initial payment to a “salesman”who claims to be calling you legally since his company has had some undefined prior contact with you. A “handyman”shows [...] Beware of the financial schemes aimed at mature Americans. Retirement lasts longer and longer,and the retired population is growing. So the conditions are right for a “perfect storm”of financial swindles aimed at baby boomers and elders. Just an alert …here are some common scams to watch out for … The [...] Who have you chosen to inherit your assets? It may be wise to review your choices. Here’s a simple financial question:who is the beneficiary of your IRA? How about your 401(k),life insurance policy,or annuity? You may be able to answer such a question quickly and easily. Or you may be [...] |    | |||||
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