By taking a proactive role in tax and investment planning, you can save yourself a lot in taxes, improve returns, and ensure that more money remains working toward your goals — and less going to the IRS.
We need to remind ourselves that pullbacks are normal and that it's time in the market and not market timing that makes a positive difference to long-term performance and achieving one's investment objectives:
Health Savings Accounts (HSA) offer more than just a convenient way to pay for out of pocket medical expenses. They can be the most tax-advantaged way to save for retirement.
Traditional retirement accounts only have two of the three legs of tax savings:
In an interesting set of tables, BlackRock shows how periods of high volatility often lead to higher future returns.
It's not often that you get to "have your cake and eat it too." In some respects, that's exactly what's happening with low volatility investment funds.
I'm sure you're more than ready to tune out the markets, work, and all of that other stuff and begin celebrating Thanksgiving with friends and family.
Year-end is a special time shared with friends and family, but it's also the time when specific financial planning takes place. Below is a list of year-end planning strategies designed to lower taxes, save money, and reduce risk.
Retirement readiness means you have the financial resources to cover all expected and unexpected expenditures throughout the remainder of your life and that you can continue to maintain a high standard of living no matter the situation.
Want to save $1 million for retirement? Think that's not enough, and the figure should be higher? Look at the following chart. It shows how much you need to save monthly based on when you plan to retire and your investment's rate of return.
So far, third-quarter earnings results have something for everyone.
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