Tags » Traditional IRA

Why should your failure to plan create an obligation for me?

Most of us go through life knowing that we should be addressing some particular need, but often failing to act upon this necessity. For instance, I positively know that I need to lose 20 pounds, yet I’m not making the requisite dietary changes. 246 more words

Retirement Savings

Choosing Between Traditional and Roth 401(k)s

Traditional and Roth 401(k) plans both provide tax-advantaged ways to save for retirement. Which works best for you will depend upon your unique circumstances.

Many workers now have — or may soon have — a new retirement planning option to consider: the Roth 401(k), which permits participants to save for retirement on an after-tax basis. 1,234 more words

Recent Posts

Roth or Traditional IRA - Retirement Decisions

Besides working on 5 For Friends, if I could do anything, I would want to be a financial advisor to help people with these types of difficult decisions. 483 more words


SCOTUS: Inherited IRAs are NOT exempt from Bankruptcy.

Yesterday, Justice Sotomayor delivered the unanimous opinion of the Court that Inherited IRAs are NOT exempt in bankruptcy proceedings.

Read the full opinion here: Clark v. 878 more words

Asset Protection

Creditors get a break.........

The US Supreme Court recently issued a ruling that inherited IRA’s do not enjoy the same level of protection from the claims of creditors in an individual’s bankruptcy. 306 more words

Retirement Savings

(RMD) The Required Minimum Distribution

Generally speaking, owners of IRAs, SEPs, 401(k) accounts and other similar types of retirement accounts have to begin taking withdrawals from their accounts at age 70 ½. 142 more words