by Asset Strategy | Aug 31, 2022 | Investopedia, Retirement, Retirement Planning
Investopedia High-income earners can’t contribute directly to a Roth IRA. But thanks to a tax loophole, they can still make contributions indirectly. If you take advantage and maximize your retirement savings, you can save tens or even hundreds of thousands of dollars...
by Asset Strategy | Aug 24, 2022 | Financial Planning, Forbes, Taxes & Tax Planning
You might not think about taxes until tax return time, but you should plan ahead. Many of us mess up tax issues every day. These tax mistakes aren’t felonies, but you don’t want to end up next April 15 having logged 365 days of tax mistakes. Here are three...
by Asset Strategy | Aug 22, 2022 | Financial Planning, Lifestyle
Retiring is a life milestone that marks the beginning of a new chapter of exploration, adventure, and leisure. That is why many retirees choose to travel after they retire! But saving for retirement isn’t easy, especially with inflation affecting where and how...
by Asset Strategy | Aug 17, 2022 | Financial Wellness, The New York Times
The New York Times For Ellie Alvarado, a teacher and mother of three in Elgin, Ill., figuring out how to pay the bills has become a source of anxiety and tension, especially when she and her husband argue over how to cut back. “When I say, ‘OK we cannot buy anything...
by Asset Strategy | Aug 10, 2022 | Retirement Planning, Taxes & Tax Planning, Wall Street Journal
Wall Street Journal If you are younger than age 59½ and want to withdraw money from your individual retirement account, there are several exceptions that could allow you to do so without incurring the 10% early-withdrawal penalty from the IRS. One such exemption being...
