One of the best pieces of financial advice I ever gave to my son was when he wanted to buy a new electronic game called Disney Infinity. He had seen the ads and had fallen in love with the game. But it was going to be expensive, using up all of his Christmas money and cash.
Are you ready for Medicare's open enrollment? Here are a few changes you can make to your health coverage during this time.
If you live long enough, you’re going to have a family member or close friend die. Compounding an already sad and stressful event, a person’s passing means that someone needs to take over their affairs—which is not a small job. Here are the things you need to do to be prepared.
In a nutshell, risk tolerance is a term used to describe how an investor would feel under certain circumstances if their investment portfolio lost money.
More and more investors want their investments to reflect their values. Yet, there is a persisting belief that “investing for good” involves a trade-off in performance. Years ago that was largely true but today it is not a given.
So, where do you pull money from if needed? Once you turn 59 ½, money can come out of retirement accounts with no penalty however, ordinary income taxes would be due. Therefore, before age 72, one should calculate how these withdrawals could affect their taxable income as the amount withdrawn would be added to ordinary income.