You can give your child a head start in life by opening an individual retirement account (IRA) for them. Allowing it to build interest for decades enables it to grow much more than if you wait until the child is older. Custodial Roth IRAs have some rules that must be followed, but it has many…
Why You Should Open a Roth IRA for Your Child
July 18, 2023
admin
BrightCustodial Roth IRAIRApersonal financeretirementRetirement AccountsRoth IRAtaxUSWealth Management
0 Comment
Lower Taxes on Your RMDs
By Sandra Block From Kiplinger’s Personal Finance When confronted with a task that’s necessary but joyless, it’s human nature to put it off until the last minute. And for some retirees, taking withdrawals from their retirement savings accounts is another chore that falls to the bottom of their to-do list. Investments in traditional Individual Retirement…
How Much to Sock Away in a 401(K)
By Lisa Gerstner From Kiplinger’s Personal Finance Stashing enough in an employer-sponsored retirement plan to get the full match is a no-brainer—it’s free money toward your retirement. Employers often match contributions up to about 3–5 percent of an employee’s salary. However, figuring out how much to contribute to a 401(k) beyond the match and how…
Roth IRA Contribution Limits for Business Owners
May 3, 2023
admin
Brightbusiness ownerIRApersonal financeretirementretirement accountRetirement AccountsRoth IRAtaxWealth Management
0 Comment
As a business owner, you have an assortment of retirement options. These range from the straightforward, think an Individual or Simple 401 (k), to the more complex, such as a Money Purchase Plan or Profit Sharing. However, for many, the creme de la creme is a Roth IRA. Why? Because not only is able to set…
Retirement: How a Roth Can Diffuse a Tax Bomb in Retirement
By Sandra Block From Kiplinger’s Personal Finance Decades of salting away part of your paycheck in a 401(k) or similar plan can lead to a “tax bomb” later in retirement. That often occurs when you’re in your early 70s and must begin required minimum distributions (RMDs) from tax-deferred retirement accounts, such as a 401(k) or…
Get More Money in Your Roth IRA by Avoiding These Mistakes
Many types of retirement plans are available today, but you have only so much time to put money into them. If you have a Roth IRA, it can be easy to think your money is secure. Unfortunately, just because it offers options that other plans do not will not make it safe from mistakes that…
Roth IRA Investments to Build Wealth Over Time
November 12, 2022
admin
Alternative InvestmentsBrightcrowdfundingETFsinvestingInvestmentmutual fundspersonal financereal estateretirementRetirement AccountsRoth IRA
0 Comment
Don’t tell my wife. But me and Roth IRA Investments—we got a thing going on. After all, it’s the greatest wealth-building tool. Roth IRAs offer one of the best ways to invest for retirement, and many experts even consider them the best retirement account. This is because you can grow your Roth IRA money tax-free…
Kids Planning for Retirement? Use a Roth IRA
If you’ve reached or are reaching retirement, you’re probably in one of two circumstances. You’ve either planned for retirement and are secure, or you’ve put planning off and are in a panic. Everyone told you to start early, but just how early? It’s said that you’re never too young to start planning, and this could…
Is an Annuity The Worst Investment a Young Person Can Make?
October 16, 2022
admin
Alternative InvestmentsAnnuitiesBrightFixed IncomeinvestingInvestmentpersonal financeretirementRoth IRA
0 Comment
One of the best things that my mom ever did for me as a young adult was start an investment strategy for me. She wanted to get me started with investing so she set up some investment account with her financial advisor for my benefit. At the time, I was young, clueless and completely indifferent….
Best Retirement Plans–Broken Down By Rankings
There was a time when workers could depend on an employee pension plan and Social Security to cover their retirement expenses. Nowadays, pensions are scarce. And, the future of Social Security is murky at best. Maybe this is why one in four Americans haven’t saved anything for retirement. And, those that did, aren’t saving enough. But, it doesn’t have to be this…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta