FINANCIAL LEARNING
Deciding When To Start Retirement Benefits
SOCIAL SECURITY ADMINISTRATION Choosing when to start receiving retirement benefits is a personal decision. If you choose to retire and begin...
Planning For Retirement
SOCIAL SECURITY ADMINISTRATION Planning is the key to creating your best retirement. You’ll need to plan and save for years to achieve your...
How Retirement Benefits Work
SOCIAL SECURITY ADMINISTRATION Social Security replaces a percentage of your pre-retirement income based on your lifetime earnings. The portion of...
When Should I Start Social Security? Part II
written by, Conrad Slate The most misunderstood but highly important factor is the advantage of waiting. It is not for everyone, but each month you...
When Should I Start Social Security? Part I
written by Conrad Slate That is one of the most common questions we hear in our planning process. The following statements are common when...
Long-Term Care Coverage Demystified
BLOG POST BY: Will Parrish Here are some facts and fiction about Long-Term Care that you'll find in many reports. The points I broke out are where...
Types of Long-Term Care Facilities
Types of Facilities The range of housing options and varying levels of care offered within senior communities help ensure that every senior will...
Required Minimum Distribution Calculator
IMPORTANT: The Coronavirus Aid, Relief, and Economic Security Act (CARES) Act of 2020 contains provisions providing a temporary waiver of RMDs for...
Ready, Set, RMDs Are Back On Track For 2021
The year 2020 is one of the most eventful in recent times, and changes to the rules that govern retirement accounts are no exception. One of these...
IRS announces rollover relief for required minimum distributions from retirement accounts that were waived under the CARES Act
content from the Internal Revenue Service website IR-2020-127, June 23, 2020 WASHINGTON — The Internal Revenue Service today announced that anyone...
Retirement Plan and IRA Required Minimum Distributions FAQs
Content Provided By Internal Revenue Service Website The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law...
How to Calculate Required Minimum Distribution (RMD)
Required minimum distributions (RMDs) are withdrawals you have to make from most retirement plans (excluding Roth IRAs) when you reach the age of 72...
RMD Rules for Inherited IRAs
If you've inherited an IRA, learn about the required minimum distributions (RMDs) you may need to take soon, as well as how RMDs work in the long...
Retirement Topics — Required Minimum Distributions (RMDs)
You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or...
Required minimum distributions (RMDs)
When you reach age 72,* you're required to withdraw a certain amount of money from your retirement accounts each year. That amount is called a...
What Is a Fiduciary?
In legal terms, a fiduciary is an individual or organization that has taken on the responsibility of acting on behalf of another person or entity...
Compare Investment Fees
LINK: https://www.mywealthtrace.com/compare-investment-fees-calculator
Fee-Only Financial Planner vs. Fee-Based: What’s the Difference?
Fee-only financial planners get paid by you directly; fee-based planners may also earn commissions on products they sell. Ask any advisor how they...
What to Know About Financial Advisor Fees and Costs
YOU WOULDN'T GET YOUR oil changed or your hair cut without knowing what it'll cost, and yet more than one in five investors don't know what they pay...
6 Pointed Questions To Ask Before Hiring A Financial Advisor
This is a guest post by Kenneth G. Winans, a veteran investment manager based in Novato, Calif. Despite what you might read elsewhere about...
How to Find the Best Financial Advisor
A 7-Step Guide Written by: Dana Anspach, The Balance Hiring a financial advisor is equivalent to hiring a chief financial officer for you or your...
How to Hire a Financial Advisor
If you’ve heard it once, you’ve heard it a thousand times: You need to invest for retirement, especially if you want to retire early. That means, at...
How to Find a Financial Advisor if You’re Not Rich
IF YOU THINK ABOUT IT, the people who need a financial advisor are the ones who can't afford one. If you're impoverished or firmly in the middle...
When Is It Time To Hire A Financial Advisor?
While nearly everyone could benefit from working with a professional financial planner, the cost is often prohibitive. There comes a time, however,...
How to Choose a Financial Advisor
Financial Advisor Industry's Future The challenge, like looking for the right brand or shampoo, is deciding what kind of advisor to work with. You...
How To Choose A Financial Advisor
Do you need help managing your money? If you’re like many Americans, you might need a hand. According to the National Financial Education Council, a...
What Does A Financial Planner Do?
When you hear the term “financial advisor,” what comes to mind? A lot of people think about an experienced expert who can give them financial...
Annuity: What Is an Annuity?
Annuity: What Is an Annuity? These insurance contracts offer steady income but have some downsides What Is an Annuity? An annuity is a contract...
Annuity: Annuity Terms
Annuity: Annuity Terms What Is an Annuity? An annuity is a financial product that pays out a fixed stream of payments to an individual, and these...
Annuity: Annuity Basics
Annuity: Annuity Basics Information from Insurance Information Institute Annuities are financial products intended to enhance retirement security....