Claiming Social Security Spousal Benefits? Don’t Make This Big Mistake
Generally speaking, older Americans become eligible for Social Security after working for at least 10 years and paying into the system. But it’s possible to collect Social Security in retirement even if you never worked a day in your life. Thanks to the program’s spousal benefits, you may be eligible to get paid each month […]
Interval Funds: 6 Things to Know Before You Invest
Interval funds are closed-end investment companies that might appeal to investors looking for different ways to diversify their portfolio by providing access and exposure to illiquid strategies or alternative assets. These funds, which don’t trade on an exchange, can provide individual investors with access to alternative investments that are otherwise typically limited to high net […]
Here’s How Much You’d Need to Put in Your IRA to Save $500,000 in 20 Years
Americans have multiple tools available to save for retirement. Individual Retirement Accounts (IRAs) rank among the best. Your contributions are tax-deductible with traditional IRAs. Taxes are due only when you withdraw from your account. Your contributions aren’t tax-deductible with Roth IRAs, but you won’t pay any taxes on withdrawals later. The most important thing to […]
Required Minimum Distributions: Know Your Deadlines
Did you know that, in most cases, you must start taking required minimum distributions (RMDs) from your retirement accounts each year once you reach age 73? IRS rules require that you take withdrawals from individual retirement accounts (IRAs) and employer-sponsored retirement plans to avoid costly penalties. Be sure you understand the requirements about RMDs and […]
Six Things to Know About HSAs
Health savings accounts (HSAs) are investment accounts that allow you to set aside pre-tax dollars for “qualified medical expenses” to pay for outlays not covered by your health insurance plan. By setting aside money pre-tax, your contributions don’t count toward your adjusted gross income at the end of the year. But in order to take […]
Protecting Your Investment Accounts From Gen AI Fraud
Investment fraud involving the use of artificial intelligence (AI) is on the rise. Increasingly, fraudsters are using generative AI (Gen AI) tools to gain access to financial accounts and create new accounts in the names of unsuspecting investors. How Fraudsters Are Using Gen AI Gen AI is a type of AI that can create new […]
