What is a Prohibited Investment in an IRA?

The IRS restricts specific investment options for an IRA. These restrictions do not allow the investment in collectibles, antiques and other assets. Here is a list: If an IRA invests in collectibles, the amount invested is considered distributed in the year invested. The account owner may have to pay a 10% additional tax on early [...]

By |2019-04-17T19:35:37+00:00April 17th, 2019|Retirement Planning|

Social Security Retirement Benefits: Know Your Options!

The amount of Social Security benefits generally depends on a worker’s lifetime earnings. The Social Security Administration uses this earnings record to calculate the PIA and to determine the dollar amount of the payable benefit.

By |2019-04-12T16:45:44+00:00April 15th, 2019|Retirement Planning|

Financial Planning for the Divorced Woman: You are in Control!

Women need to understand their rights in a divorce “The impact a divorce has on women’s finances cannot be overstated. The financial literacy gap, the lack of involvement in long-term financial planning during their marriage, and their higher likelihood to end up in poverty place divorced women in a vulnerable position.” -Worthy.com If you’re a [...]

By |2019-04-13T19:48:45+00:00April 13th, 2019|Estate Planning|

The Best Kept Secret in the Financial World

The best kept secret in the investing world is that almost nothing turns out as expected. I would agree. However, with some good old-fashioned American common-sense, it’s not difficult to observe the stock market pattern to this point has been bubble, crash, bubble, crash, bubble, crash…One look at a stock market chart confirms this. We get a new high in the Dow, and then we get a new low in the next crash. That’s been the pattern.

By |2019-04-12T16:05:07+00:00April 12th, 2019|Retirement Planning|