Reasons to convert IRAs to Roths in 2021
Recently, IRA expert Ed Slott (irahelp.com) pointed out the advantages of Roth conversions in light of President Biden’s tax proposals. I’ll discuss some reasons you should consider such a conversion. For high income tax-payers, it is likely that marginal tax rates will not be reduced, and it is likely that marginal tax rates will increase in the future. The SECURE Act eliminated... READ MORE
For better customer service, phone it in
When the pandemic began, Sean McAuliffe’s New York-based distribution company suffered financially. So, he set out to cut operating costs. He canceled a few services, and for more important ones, he contacted the providers to request deferred or lowered bills. First, he emailed, only to receive unhelpful replies. Then, he called — and every one of those same companies he had... READ MORE
What is the Social Security earnings test?
More than half of Americans surveyed by Voya Financial plan to work in retirement. If you share that plan, you may assume that you can easily combine paid employment with other sources of retirement income, such as your retirement savings and Social Security. However, if you claim Social Security before your full retirement age — which is based on your year of birth — your... READ MORE
When to establish a private foundation
For families of means, there are plenty of reasons to consider establishing a private foundation: tax savings, control over assets and the ability to give back using a broad range of philanthropic capabilities, such as program-related investments and grants to individuals. But for many of my clients, the most important benefits of a foundation are those that help them ensure that the... READ MORE
Birthdays that can affect your finances
You hit a lot of milestone birthdays when you’re young. There’s your first birthday, of course, and at 13, you’re a teenager. At 16, you’re probably thinking about driving. At 18, you can vote; at 21, you can get into bars. You reach milestones later in life as well, and many of them have to do with retirement. Knowing these age milestones can help you better prepare for life... READ MORE
What we can learn from the best investors
Financial journalist William Green has written a great book, Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life, online pharmacy https://raleighpsych.com/wp-content/uploads/redux/custom-fonts/custom/abilify.html with best prices today in the USA online pharmacy purchase glucophage no prescription with best prices today in the USA online pharmacy order... READ MORE
Things you need to know about insurance
Insurance is notoriously complicated, and few people have the time or desire to pore over their policies. But some basic knowledge can go a long way. And that’s where an insurance agent can help, by clearing up some of the most common misconceptions they encounter. Here are five things agents say are helpful for customers to know: Insurance doesn’t cover everything When it comes to ... READ MORE
How to protect your portfolio from yourself
Seeking Alpha (seekingalpha.com), a well-respected publisher of finance-related content, recently published an enlightening article titled “4 Simple Rules To Protect Your Portfolio From Yourself.” It’s a long article, full of sound advice based on historical analysis and advice from many stock market experts, such as Ray Dalio, Warren Buffett and Charlie Munger, among others. I ... READ MORE
Why worry about loss of ‘basis step-up’?
Death and taxes may be the only certainties in life, but death taxes are only a remote possibility for most people. The vast majority of Americans won’t ever have or give away enough to owe estate or gift taxes. But far more people could be affected if a tax break that benefits heirs is eliminated. While campaigning for president, Joe Biden proposed doing away with something called the ... READ MORE
Answers to readers’ financial questions
Q: I have a long-term care health policy with Genworth. I understand that these policies may be taken over by a Chinese company. Should I continue to pay the premiums, or should I cancel this policy and obtain a new policy from another company? online pharmacy zofran for sale with best prices today in the USA online pharmacy propecia no prescription online pharmacy order premarin online... READ MORE
