Archive - June 2010

1
10 Personal Financial Questions Everyone Should Be Able to Answer
2
Avoid the RMD When Rolling Your IRA into a 401(k)
3
7 Steps to Planning Your Own Retirement
4
10 Facts to Know About Capital Gains Tax
5
Remarriage Rules for Widows and Widowers

10 Personal Financial Questions Everyone Should Be Able to Answer

As we move through life, we get bogged down with day to day activities and might find that small pieces of our financial puzzle get neglected. These neglected areas can have a negative impact on our ability to meet our goals. If you can positively answer the ten questions below, you are certainly putting your best financial foot forward.

1. Do you know where your money goes every month? Folks that understand their income and expenses have a better opportunity to make sound spending and saving decisions. I’ve heard many times from new clients that they are happy with their …

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Avoid the RMD When Rolling Your IRA into a 401(k)

brown bear rolling by Beverly & PackIn a recent article I pointed out a few additional reasons that might make you want to rollover your old 401(k) plan into an IRA – but there are also good reasons, in particular circumstances, that it might make sense to move your IRA funds into a 401(k) plan.  One of those reasons might be to avoid having to take Required Minimum Distributions (RMDs)if you’re over age 70½ and are still working.

Rolling IRA Money into a 401(k) to Avoid RMD

This is a somewhat narrow slice of folks, but as the population and workforce ages, there are bound to… Read More

7 Steps to Planning Your Own Retirement

Everyone would like to retire early and retire rich. But what does that look like to you? Some people think of old folks in rocking chairs while some think of the freedom to do whatever they want. You need to have a retirement plan for success that includes how you will pay for all that freedom however you define retirement. Those that take the time to look into the future and see what potential lies ahead will have a head start of a very successful retirement. Take these 7 tips into consideration for your own personal early retirement strategy:


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10 Facts to Know About Capital Gains Tax

If you own taxable investment accounts, real estate, collectibles, or literally any item that can appreciate or depreciate in value, you’ve likely had to deal with capital gains or losses on your tax return.  (Actually, only if you’ve sold the item.)  But how much do you really know about capital gains and losses?  The IRS has published Tax Tip 2010-35 listing 10 Facts About Capital Gains and Losses – detailing what the IRS deems important about gains and losses and how they could effect your tax situation.  Following below the IRS’ list is some additional detail on treatment of capital …

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Remarriage Rules for Widows and Widowers

purple spotted flowers by basheertomeThe Social Security Administration has a special way to treat former spouses differently from widows and widowers with regard to benefits when the person in question remarries.  This only affects ex-Spouses while the other partner from the former marriage is still living. When the former spouse dies, the surviving spouse is treated as a widow or widower.

Remarriage Rules for Widows and Widowers

(For brevity I’m going to refer only to widows, but everything applies as well to widowers.) If a widow is under age 60 and remarries (and stays married), she is no longer eligible for her Survivor Benefit… Read More

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