I Absolutely Prefer a Roth IRA to a Traditional IRA for Retirement Savings. Here’s Why.
The financial world is full of decisions you need to make: How much should I contribute to my 401(k) at work? (Perhaps contribute as much as you can.) Should I invest in mutual funds or exchange-traded funds (ETFs)? (Either can be great — just aim to minimize the fees you pay.) One decision many people […]
Here’s Arguably the Most Important Social Security Change in 2025 Other Than the COLA
The cat has been out of the bag for weeks about one major Social Security change coming in 2025. In October, the Social Security Administration (SSA) announced a 2.5% cost-of-living adjustment (COLA) for the new year. If you receive Social Security benefits or will soon do so, you’re probably already aware of the COLA news. […]
Is Taking Your Required Minimum Distribution (RMD) in December a Good Idea?
Retirement accounts like an IRA and 401(k) offer some tremendous advantages when it comes to saving money for retirement. The primary benefit is that contributions are tax deductible, and you won’t pay any taxes on your investments in those accounts until you withdraw funds for your retirement. Unfortunately, you can’t defer those taxes forever. Eventually […]
President-Elect Donald Trump Wants to Change Social Security: Is 2025 the Year It Becomes Reality?
A little over a month ago, voters from across the country headed to the polls or mailed in their ballots to determine which presidential candidate would lead our nation forward for the next four years. Mere hours after the last polls closed, the Associated Press called the 2024 election in favor of former President Donald […]
