Opening a Roth IRA for a minor is a strategic way to help set up a strong financial foundation for their future. A Roth IRA allows contributions to grow tax-free, meaning any earnings or capital gains generated within the account will not be taxed upon withdrawal, as long as certain conditions are met. Since RothContinue reading “Open a Roth IRA for a Minor”
Tag Archives: retirement
Gen X Is Not Ready For Retirement
The oldest members of Gen X begin turning 59 1/2 this month. That is the earliest age when they can start withdrawing retirement assets without a penalty. But many members of Gen X are far from prepared with almost half saying it would take a “miracle” for them to be able to retire. That’s leftContinue reading “Gen X Is Not Ready For Retirement”
Your Money Needs to Last Longer!
The average lifespan for all people has been going up. This is due to better technology and huge advancements in health care. Despite the blip downward caused by the Covid pandemic, we are all living longer. That is great news! However, it comes with its own challenges. A big challenge is not having enough moneyContinue reading “Your Money Needs to Last Longer!”
Your Money Needs to Last Longer!
The average lifespan for all people has been going up. This is due to better technology and huge advancements in health care. Despite the blip downward caused by the Covid pandemic, we are all living longer. That is great news! However, it comes with its own challenges. A big challenge is not having enough moneyContinue reading “Your Money Needs to Last Longer!”
An Eye Opening Table for Me!
When I was 22 and about to graduate from college I attended a seminar about where to place investment money. A table was shown early in the presentation that I can say literally changed my life. It has been the defining philosophy of my approach to money. The table was made up of five columns. The first column wasContinue reading “An Eye Opening Table for Me!”
People Are Living Longer. Your Money Must Work Harder!
The average lifespan for all people has been going up. This is due to better technology and huge advancements in health care. Despite the blip downward caused by the Covid pandemic, we are all living longer. That is great news! However, it comes with its own challenges. A big challenge is not having enough moneyContinue reading “People Are Living Longer. Your Money Must Work Harder!”
Low Fee Index Funds are the Champs!
During an interview on Bloomberg radio recently , the person being interviewed (whose name I didn’t get) made a statement that I have written about before in a previous post. He very clearly said that if a person is patient and willing to wait 10-15 years then the Vanguard S&P Index Fund ETF (VOO) andContinue reading “Low Fee Index Funds are the Champs!”
Realistic Annual Return for Planning
As you sit down and start working through long term savings calculators, what should you use as a long-term rate of return? Every percentage point makes a pretty big difference over a thirty to forty year time period. The short answer up front is you should use 8% if you have a portfolio primarily madeContinue reading “Realistic Annual Return for Planning”
Patient and Disciplined Saving 