... inflation, the likelihood of recession, and how Fed policy could impact it all. If the Fed keeps raising rates too much too quickly a recession is likely because money costs a lot more to borrow, and that ...
... the same result. Frustrating.
That said, once you get the hang of the website’s quirks (and don’t get locked out) it’s pretty smooth. You can buy now, the money comes out of your bank account the next ...
... uploading a document and confirming you’re in good shape. Best case is we’re able to present you with some options to potentially save money now, in the future, or ideally both. Tax law changes frequently ...
... a shorter life expectancy and larger RMDs. QCDs help because the money is obviously no longer in your IRA and subject to RMDs because it’s been gifted away. Roth conversions help too by moving the money ...
... year.
The main reason to wait is that it reduces your taxable income. Of course this only helps if you have other money to cover your spending needs. This isn’t the case for most people, but there are ...
... and bond funds pay monthly. It can be helpful to turn off automatic reinvestment settings for your account to allow cash to accumulate. Then link your account to your bank and take money out on a schedule ...
... for some people, including professional money managers, to want to bother with it.
Here’s a primer on how this works. As a reminder, tax loss harvesting only applies to your individual accounts, trust ...
... up to a 20% variance, before doing anything. However, this client has an upcoming RMD and there’s room to cut, so we’ll trim back stocks and send money to the client’s bank account. I’ll then add remaining ...
... into investing your serious money and you’re bound to get into trouble.
I’ve picked on the brokerage firm Robinhood in the past and reading what I’m posting below brought them to mind again. The average ...
... the sun that costs money. It’s not all bad news, however. Most government limits on retirement savings are tied to inflation and have recently been increased for 2023, allowing us to save more for our ...