At age 72, the government is ready to begin collecting tax on all of your deferred income and growth inside your IRAs and 401(k)s but you want to avoid paying the tax. What can you do? There are a least four legitimate strategies to delay or avoid taking RMDs.
People go crazy around Christmas time when it comes to buying presents for themselves and others. There are so many great “deals”, especially on new phones. Last year, Brett Arends of MarketWatch.com, put the lifetime “opportunity cost” of always owning the latest iPhone at close to $300,000.
Congratulations, you are in your twenties and you are ready to start building wealth! Fantastic; let’s get started. The plan to build wealth is simple, the difficulty is following through on the plan. Let’s start with the easy part: The Plan.
This short 7-minute video explains what is a Roth IRA, how you get money into it, and why nearly everyone could benefit from having one.