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Investment Strategies for Roth IRAs

Roth IRAs make excellent retirement savings tools because of their tax advantages and flexibility. But there are other ways to use these retirement accounts that can benefit you and your beneficiaries. We’ll take a look at three investment strategies for making the most of your Roth IRA. First, a refresher on the particulars of the Roth … Continued

Potential Tax Changes and Your Retirement

The Trump administration sees lower tax rates as a key to economic growth. But that means lost tax revenue, which will likely have to be made up in other ways—including possibly cutting into 401(k) tax benefits. At present, the debate is still active and 401(k)s may be safe. But it’s important to understand the shape … Continued

Why Millennial Investors Are Banking on ETFs

Exchange-traded funds (ETFs) have become the go-to investment for many financial advisors. According to the Financial Planning Association’s 2017 Trends in Investing Report, 88 percent of financial advisors recommend ETFs to their clients, compared to 85 percent who tout cash and equivalents, 80 percent who recommend mutual funds (non-wrap) and 61 percent who coach clients … Continued

Should You Own or Rent in Retirement?

There are reasons to own a home in retirement. But there are also good arguments for renting. The latter may be less expensive if it means you don’t have to pay for maintenance and repair. Owning, however, could be less stressful if you don’t have to worry about a landlord raising your rent. Whichever route … Continued

What Is Funeral Insurance and Do You Need It?

Funeral insurance—also called final expense insurance or burial insurance—covers the cost of your funeral and burial or cremation. These terms are just retailing expressions: All refer to a type of whole life insurance that provides a payout of $2,000 to $50,000 designed not to support your survivors but to spare them the burden of your … Continued

Are Americans Working Past Retirement Age?

The working population among people 65 and older is the highest it’s been in 55 years. According to the Bureau of Labor Statistics, 36 percent of 65-to-69-year-olds will be part of the labor force by 2024. Are Americans working past retirement age? Clearly, yes. Reasons Vary People are healthier than in past generations. They live … Continued

Paying for a Child’s College During Retirement

Whether you’re getting ready to retire or already there, tapping your retirement savings to help pay your child’s college expenses may be a decision you’ll regret. It even could be one your child eventually regrets. It’s an emotionally charged issue with a lot of potential “guilt” baked in. Before acting, think this one through. College … Continued

Millennials Are More Prepared for Retirement than Other Generations

When it comes to retirement—and saving and investing in general—millennials often get a bad rap, thanks to the FOMO (“fear of missing out”) phenomenon and their perceived weakness for avocado toast. The reality, however, is that the younger generation is giving older Americans a run for their money as they plan for the future. Millennials: … Continued

What to Expect from Social Security in 2018

If you are already receiving Social Security benefits, you will see a cost-of-living adjustment, or COLA raise, beginning in January 2018. Some additional changes are being made that will affect how much you will receive next year. For those still paying into Social Security, other changes to the program will have an impact on the amount … Continued

Roth IRA or 457 Retirement Plan?

If you’re a state or local government employee, you’re probably eligible for a 457 retirement plan. So how does it compare to a Roth IRA? What Is a 457? While most employees will have access to a 401(k) plan through their employer, some businesses and organizations have other types of retirement plans. Nonprofits can offer … Continued