Fifty years ago, it wasn’t at all unusual for an individual to work his or her entire adult life for the same company. Today, however, by the time they reach age 50, the average baby boomer will have held nearly twelve different jobs.1 As a result, many people find themselves juggling multiple legacy retirement accounts that they’ve maintained at previous employers.
As the beneficiary of an inherited IRA, you have a decision to make about how and when you will begin to take distributions. Some factors that impact your options will be beyond your control. Others, however, will help determine an optimal distribution strategy.
Did you know that when it comes to your assets such as retirement accounts and life insurance passing down to your heirs outside of probate, beneficiary designations take absolute precedence over any and all provisions made in your Will?
We know that managing your money can sometimes make you feel like you are learning a foreign language. So we compiled a handy glossary of must-know money terms that affect all aspects of your financial life.
In 2014, Americans gave more than $358 billion to charity with nearly three-quarters of that amount coming directly from individuals. And while much of these donations come in the form of direct cash gifts, more and more individuals are turning to planned giving vehicles as a way to better manage their charity.
When your child is planning a wedding, it’s easy to get swept up in the excitement and to want to contribute all you can. Here’s how to balance chipping in for the big day with your other savings goals so you don’t get off track.
If the idea of retirement leaves you filled with stress over money, now may be the time to take charge. Every situation is different, so be sure to speak to a qualified financial advisor about your options.
There are lessons we could all learn about managing a portfolio-regardless of whether you’re an old pro at it or a total newbie. Take these six common mistakes that even experienced investors tend to make.
So you’ve signed up for your company’s 401(k) plan or opened an IRA for your retirement savings. Congrats! That’s a great first step. But if you haven’t made your investment choices yet, you may still be behind the curve.