Generally, when a person decides to give to others, the motivation is rooted in altruism. Someone might have a personal connection to a cause or charity, so they want to make a donation. Someone might…
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Traditional or Roth IRA: Tax Deduction Now or Tax-Free Income Later?
Making the decision to save for retirement should be simple: If you save part of your income now and live on less than you make, someday you will be able to retire and hopefully maintain…
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How Much Should You Save for Retirement?
How much should I be saving for retirement? Am I on track for retirement? What is my number? These are questions we hear clients ask all the time in the financial planning business. Not wanting…
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Could Your HSA Be a Better Retirement Savings Tool Than Your Roth IRA?
In this article, we’ll illustrate how the Roth IRA—an excellent investment vehicle in its own right—has an unlikely competitor in the retirement saving strategy category: the health savings account (HSA). Although designed as a tool…
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The In’s and Out’s of Required Minimum Distributions
EXECUTIVE SUMMARY: Required Minimum Distributions, commonly referred to as “RMD’s” for short, are a fact of life for the typical American retiree. As the country slowly transitioned from retirement benefits consisting of guaranteed payments by…
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