RSSCategory: Articles

Jul

20

When a Minor is a Beneficiary

Some factors for parents & grandparents to consider. Naming a minor as a beneficiary brings up a major concern. If parents or grandparents make a child a primary or contingent beneficiary of an insurance policy, IRA or investment account, they should be aware that most policies and investments will not directly transfer to a minor. […]

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Jul

9

Another Glitch Hits Wall Street

The NYSE freezes floor trading for more than three hours. Floor trading was abruptly halted at the New York Stock Exchange Wednesday. At 11:32 am EST, a sudden problem forced the NYSE to interrupt trading in all symbols and cancel all open orders in its main market. Trading continued, meanwhile, on the NYSE Arca Options […]

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Jul

6

Retirement Planning Can Start with an IRA

These accounts make a good “first step” in retirement saving. Sooner or later, people decide to start saving and investing for retirement. When that starting point arrives, taking that “first step” can seem like a big deal. Opening an Individual Retirement Account (IRA) amounts to an easy “first step” in retirement saving for many. When […]

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Jun

29

IRA Rollovers for Lump Sum Pension Payouts

Give those dollars the opportunity for further tax-deferred growth. A big payout leads to a big question. If you are taking a lump sum pension payout from your former employer, what is the next step for that money? It will be integral to your retirement; how can you make it work harder for you? Rolling […]

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Jun

22

Are You Retiring Within the Next 5 Years?

What should you focus on as the transition approaches? You can prepare for your retirement transition years before it occurs. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree. How much monthly income will you need? Look at your monthly expenses […]

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Jun

15

Utah Financial Advisor & Planner

Standards matter, especially in wealth management. Who should manage significant wealth? In recent years, more and more high net worth households have found their answer to that question: a Registered Investment Advisor. What is the RIA difference? RIAs have a fiduciary duty to act in your best interest. That is a legal obligation, and it […]

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Jun

8

The Value of Double-Checking Your Retirement Plan

As you approach your “third act,” does it need to be adjusted? Motivational speaker Denis Waitley once remarked, “You must stick to your conviction, but be ready to abandon your assumptions.” That statement certainly applies to your retirement plan. Your effort must not waver, yet you must also examine it from time to time.1 For […]

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Jun

1

Are You Underprepared for Retirement?

A university study serves as a wake-up call. Financially speaking, how many Americans are truly on track to retire? A recently published white paper suggests that about half of us are approaching our “third acts” with faulty assumptions. Perception differs from reality. Researchers from the University of Alabama and Ohio State University looked at the […]

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May

18

The Psychology of Saving

How many households have the right outlook to build wealth? Why do some households save more than others? Building household savings may depend not only on cash flow, but also on psychology. With the right outlook, saving becomes a commitment. With a less positive outlook, it becomes a task – and tasks and chores are […]

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May

11

The Top 12 Tax Frauds

A look at the IRS “dirty dozen” list. Have you heard of the “dirty dozen?” Each year, the IRS lists the top 12 recurring federal tax offenses – frauds, cheats, feints and schemes that ethically challenged taxpayers, tax preparers and crooks try to perpetrate. Watch for these scams in all seasons, not just tax season. […]

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