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The Roth 401(k)
(McNeely Content/Blog)
Tags: [Roth 401k, Retirement Account, Roth, 401k, Retirement Planning] ...
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Are Your Beneficiary Designations Up-to-Date?
(McNeely Content/Blog)
Tags: [Insurance (life, accidental death and dismemberment, etc.) * Retirement plans (IRAs, 401(k) plans, Keoghs, etc.) * Certain annuities * Brokerage accounts with transfer on death (TOD) designations ...
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Build Your Legacy
(McNeely Content/Financial Strategies)
... remainder trusts, charitable lead trusts, charitable gift annuities, and pooled-income and donor-advised funds, custodian accounts for minors, section 529 college savings plans, sophisticated trust solutions] ...
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Economic News Pushes Market Averages Down for August
(McNeely Content/Blog)
... also increased their spending slightly (0.4%) from July's levels. Both reports indicate that consumer spending, which accounts for some 70% of U.S. economic activity, is continuing to hold up. August ...
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Establishing a Financial Safety Net
(McNeely Content/Blog)
... FDIC-insured, low-interest savings account isn't your only option. There are several excellent alternatives, each with unique advantages. For example, money market accounts and short-term CDs typically ...
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Trust Basics
(McNeely Content/Blog)
... the trust assets, and avoid mixing trust assets with any other assets, especially his or her own. A trustee lacking specialized knowledge can hire professionals such as attorneys, accountants, brokers, ...
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Funding a Business
(McNeely Content/Blog)
... is factoring. Basically, you secure a loan (usually at a high interest rate) against your accounts receivable. Factoring companies aren't hard to find, and some offer better deals than others, but they ...
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Shopping for an Annuity
(McNeely Content/Blog)
... (as opposed to a fixed annuity), you can be less concerned about the financial stability of the issuing company, because assets held in the subaccounts of a variable annuity are not subject to the claims ...
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Social Security Disability Benefits
(McNeely Content/Blog)
... or savings account number Name, address, and phone number of a person who can get in touch with you if necessary Medical and job information, including information about physicians who have treated you, ...
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Understanding Long-Term Care Insurance
(McNeely Content/Blog)
... for LTCI benefits. When comparing LTCI policies, you may wish to seek assistance. Consult a financial professional, attorney, or accountant for more information. What's it going to cost? There's no ...
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The Roth 401(k)
(McNeely Content/Blog)
... from your Roth 401(k) account is qualified only if it satisfies both of the following requirements: * It's made after the end of a five-year waiting period * The payment is made after you turn ...
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Working with a Financial Advisor
(McNeely Content/Blog)
... has become a more complex place, especially when it comes to your finances. You may already be working with financial professionals--an accountant or estate planner, for example--each of whom advises you ...
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Sticker Shock: Creative Ways to Lower the Cost of College
(McNeely Content/Blog)
... may offer a discount if you pay the entire semester's bill up front, or if you allow the money to be directly debited from your bank account. The college may also allow you to spread your payments over ...
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Advantages and Disadvantages of Self-Employment
(McNeely Content/Blog)
... managing relationships--with your clients or customers, your suppliers, perhaps with your employees, certainly with your family, and probably with your banker, lawyer, and accountant, too. If you're the ...
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401(k) Plans
(McNeely Content/Blog)
... no up-front tax benefit--your contributions are deducted from your pay and transferred to the plan after taxes are calculated. But a distribution from your Roth 401(k) account is entirely free from federal ...
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Is It Time to Harvest Tax Benefits from Investment Losses?
(McNeely Content/Blog)
... investing decisions, taking them into account before December 31 could help your overall situation. Harvesting losses involves selling losing positions to avoid being taxed on some or all of any capital ...
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Are Your Beneficiary Designations Up-to-Date?
(McNeely Content/Blog)
... include: * Insurance (life, accidental death and dismemberment, etc.) * Retirement plans (IRAs, 401(k) plans, Keoghs, etc.) * Certain annuities * Brokerage accounts with transfer on death ...
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Recharacterizing IRA Contributions and Roth Conversions
(McNeely Content/Blog)
... account (IRA), simplified employee pension (SEP) IRA, or SIMPLE IRA to a Roth IRA, therefore, federal income tax is due for the year of the conversion. You pay tax now on the taxable portion of your traditional ...
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Be Sure To Stock Up In Your IRA
(McNeely Content/Blog)
... there can be no assurance that past performance will guarantee future results. Few investment vehicles are of a longer-term nature then an Individual Retirement Account (IRA), and no other financial asset ...
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Educating Your Kids Can Be A Real Education
(McNeely Content/Blog)
... saving vehicles that will help minimize the impact of income taxation during the savings period, for example, 529 savings plans and Coverdell education savings accounts. Lastly, utilize investment alternatives ...
