Carson Wealth

FEBRUARY 29, 2024

Tom Fridrich, JD, CLU, ChFC ® , Manager and Senior Wealth Planner Giving something you own to someone else. It’s a simple, human act – one that seems like it shouldn’t take too much planning to do it correctly. What do you need to consider about gifting as it relates to your overall estate plan?

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Carson Wealth

DECEMBER 28, 2022

As you’re setting your new year’s goals, one that should top everyone’s list is increasing your savings. Here’s what you need to know. . Let’s start with the basics. While there are limits to how much you can contribute,  the IRS has bumped them up for 2023. .

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Good Financial Cents

JANUARY 17, 2023

Most people have never heard of a SIMPLE IRA and are curious to know the rules, limits and how it differs from a 401(k). A SIMPLE IRA sounds “simple” to setup but is it really that easy? And how does it compare to the 401k and other retirement plans that exist? What is a Simple IRA?

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Good Financial Cents

MAY 1, 2023

A Contributory IRA, otherwise known as a traditional IRA , is a retirement savings account that allows individuals to make contributions from their earned income. Contributory IRA accounts are held by custodians, such as banks, brokerage firms, and mutual fund companies.

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Clever Girl Finance

DECEMBER 13, 2023

Saving money is an important task at any age, but as you hit your 40s, the need to save for retirement grows. While savers in their 40s and 50s typically have a decade or two left to save for retirement given the traditional age of 65, emphasizing saving now can set you up for a dream-worthy retirement.

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Talon Wealth

SEPTEMBER 14, 2023

How can you best maximize your savings for the years ahead? By focusing on a few key areas, setting financial goals, and doing your research, you can find ways to enjoy retirement together. This helps you prepare if one partner dies or cannot manage the finances. Factor in the total cost of care for both of you.

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Integrity Financial Planning

SEPTEMBER 19, 2022

You might be wondering how to start thinking about your tax strategy so you aren’t taxed more than you need to be. These three mistakes can help start the conversation about what a comprehensive tax strategy might look like for you. Taking Too Much Income. Misusing Retirement Accounts.

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Good Financial Cents

AUGUST 23, 2022

You need to keep your cash liquid so it’s easily accessible when you need it, which means you also need to invest in a way that doesn’t put you at too much risk of losing capital. Ads by Money. We may be compensated if you click this ad. High-Yield Savings Accounts.

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Good Financial Cents

JANUARY 6, 2023

Having $2,000 to $3,000 to invest is a good feeling, but how you allocate those funds can impact your finances more than you might realize. Before you decide where to invest $2,000 to $3,000, think about when you’ll need the money. Money Market Account. Open a Roth IRA.

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Carson Wealth

NOVEMBER 3, 2022

While most donors give the conventional way, via a direct cash gift, there are other less traditional but impactful ways to give that can also provide a boost to your tax strategy. The entire amount of your initial donation to the DAF is deducted the year you establish it, even if you’ve yet to choose a charity.

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Clever Girl Finance

NOVEMBER 25, 2023

Think you don’t have enough money to start investing? You can learn how to start investing for beginners today, even if you start your investing journey with just $100. When should you start investing? How should a beginner start investing? Think again!

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Park Place Financial

NOVEMBER 29, 2022

Retirement is a significant investment, which is why so many financial experts recommend establishing goals and starting when still a younger adult. At this point, you may feel your retirement dreams are unattainable, but there are steps you can take to catch up on the years you lost. 1) Establish Your Retirement Needs .

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Clever Girl Finance

DECEMBER 7, 2022

However, you don’t have to be a celebrity or trust fund baby to get rich. In fact, we'll discuss how to get rich from nothing. However, the thing to remember is that being wealthy isn’t just about the amount of money you accumulate but also includes your net worth. Get your money mindset right.

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Carson Wealth

AUGUST 23, 2022

Retirement plans like 401(k)s and traditional or Roth IRAs can be an easy and effective way to save for retirement. Contributions to a traditional 401(k), IRA, and other retirements plans are usually deductible up to a limit. Roth vs. Traditional IRA . Contribution Limits .

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Clever Girl Finance

JANUARY 16, 2024

Alongside your monthly budget, you should also have a bare bones budget waiting in the wings. Even if you don’t need to cut back completely right now, it’s a good idea to know how to create a minimal-expense budget and have it ready so you are prepared in case of a financial emergency. It definitely is.

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Talon Wealth

OCTOBER 26, 2023

How can you best maximize your savings for the years ahead? By focusing on a few key areas, setting financial goals, and doing your research, you can find ways to enjoy retirement together. This helps you prepare if one partner dies or cannot manage the finances. Factor in the total cost of care for both of you.

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Retirement Planning Retirement Planning Healthcare 52

Random Roger's Retirement Planning

JULY 31, 2023

The article I linked to for this post has various sentiment stats about how few think they will have enough to retire and how many expect to work after they "retire." Social Security was only intended to cover about 40% of retirement needs." How much of your expenses will your payout cover? It's an income stream.

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Good Financial Cents

NOVEMBER 16, 2022

If you have $500 to invest right now, you probably feel on top of the world. While that’s not a ton of money, it’s better than nothing – and way more than enough to start building toward the lifestyle you want. Many multi-millionaires started investing small sums, even $10 or $25 per month!

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Carson Wealth

MARCH 2, 2023

You may have even gone so far as to take a sneak peek at your account statements and thought, surely you have enough to live comfortably if you retire early. But even if you feel confident today, would it be reasonable to retire early? How Early Is Early?

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WiserAdvisor

MARCH 22, 2023

One of these options is a Roth 401(k) plan, which allows employees to contribute after-tax dollars toward their retirement savings. Whether you are just starting your career or are nearing retirement age, understanding Roth 401(k) matching can help you make more informed decisions about your financial future.

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Carson Wealth

DECEMBER 8, 2023

This includes a review of traditional IRA contributions, which may lower adjusted gross income (AGI). The benefit: more interest income on cash and money market accounts. Lastly, I allocate the retirement plan contributions between Roth and Traditional 401(k) accounts.

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Good Financial Cents

JULY 5, 2022

Generally speaking, what happens to your 401k when you die depends on a few things: whether you have any beneficiaries designated, what type of 401k plan you have, and what the rules of that particular plan are. If you have designated beneficiaries for your 401k, then they will receive the money in the account after you die.

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Carson Wealth

MARCH 29, 2023

Becoming hyper-focused on only one aspect of a problem is pretty much never a good approach. The same is true of retirement planning – if you zero in on your portfolio and nothing else, you’ll miss out on some major factors that can make a significant difference in your retirement and ultimately your bottom line.

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Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. A financial plan is a comprehensive blueprint designed to help you meet your financial goals, whether that’s achieving a comfortable retirement, sending your kids to college, or planning for unforeseen events.

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James Hendries

OCTOBER 5, 2022

You might dream of traveling, want to invest in a vacation home, or want to take up a new hobby. When a company provides a matching contribution for your retirement savings, it is like getting free money to invest. Start Early. No matter your age, you may save for retirement. Take Advantage of a Company 401(k) Match.

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Retirement Taxes Retirement Planning Healthcare 52

Clever Girl Finance

AUGUST 2, 2022

While earning more money through raises at work or increasing your hours is great, you may also be looking to see bigger returns. Usually, some level of risk is necessary to make your money grow big-time. If you have $10,000 and want 10x that amount, here are some ways to turn 10K into 100K! IRAs or Roth IRAs.

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Education Retirement Investing Investments 59

Zoe Financial

MARCH 22, 2023

The last thing you should do is worry about your finances. To turn these dreams into realities, you should anticipate your needs and think about where the money you need will come from. Is it an image of you and your partner walking down a beach holding hands? However, this is a mistake.

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Cordant Wealth Partners

SEPTEMBER 7, 2022

What is a Mega Backdoor Roth 401k? The Microsoft Mega Backdoor Roth 401(k) is a feature within the 401(k) plan that allows you to: Save additional money each year on an after-tax basis into your 401(k) and Convert those dollars into a tax-free Roth subaccount. Like a Roth IRA, the Roth 401(k) is tax-free money.

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Taxes Accounting Compensation Planning Retirement 52

Good Financial Cents

JANUARY 16, 2023

If you’re tired of watching your stock investments drop in value and are looking for a way to diversify, you may want to consider alternative investments. One way to do that is through Yieldstreet. You can build a custom Yieldstreet portfolio starting at $10,000 across various asset classes as an accredited investor.

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Carson Wealth

JUNE 14, 2022

Unless I find a money tree in my backyard, my oldest child is going to turn 18 well before I retire. Some of us want to pay as much of our children’s college costs as we can. These costs do not include living expenses, housing or optional fees. Using time value of money techniques helps provide a path to clarity.

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Good Financial Cents

FEBRUARY 24, 2023

Robinhood, for example, is now offering a 1% match on IRA contributions. You can buy and sell stocks, options, exchange-traded funds (ETFs), and even cryptocurrencies. And unlike many newer online brokers, you can trade over-the-counter (OTC) stocks with Webull. You can also open a Traditional, Rollover, or Roth IRA with Webull.

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WiserAdvisor

JANUARY 10, 2023

As another year draws to a close and a new one begins, it is time to start thinking about what New Year’s resolutions you want to set for 2023. you may want to focus on financial resolutions too. Doing so will enable you to build discipline and stay focused on attaining your goals.

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Gen Y Planning

DECEMBER 1, 2021

It sounds like the type of vague financial advice you might hear from your relatives around the holiday table. . But how is that penny earning anything? If it’s stuck in a traditional savings account, likely not much since the current national average return on a savings account is 0.06%.

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Clever Girl Finance

NOVEMBER 16, 2022

Somehow, if we learn how to get rich quickly, then all of our problems will evaporate. And, even if you do, does it really make life that much better? Sure, getting rich quickly, even if you start out with nothing, is possible (if it weren’t, nobody would ever play the lottery!)

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Education Financial Planning Investing Investments 79

Carson Wealth

DECEMBER 7, 2022

You still feel young, still look young and, if everything is going well, might still have your ID checked while buying a bottle of wine. You may have traded a measure of adventure for security and are becoming more established in a career.    .   This decade often reflects a time of starting families and buying property.

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Clever Girl Finance

SEPTEMBER 28, 2022

Alongside your monthly budget, you should also have a bare bones budget waiting in the wings. Even if you don't need to cut expenses to the bone right now, it's a good idea to know how to create a a minimal expense budget and have it at the ready, so you are prepared in case of a financial emergency.

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Random Roger's Retirement Planning

SEPTEMBER 22, 2022

First up, Richard Connor offered his thoughts on sequence of return risk with five ideas to try to mitigate the consequence of an adverse sequence around the time you plan to start taking from your portfolio whether that is when you retire or some other point. Game that out, what could you do?

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