Blogs
CARES Act: Considering 401(k) Withdrawal Because of Unemployment Due to COVID-19 Pandemic?
Table Of Content Withdraw money of up to $100,000 without penalty. Income taxes apply to the withdrawal amount, but the repayment can be stretched out over three years. Can you put back the withdrawn money over the next three years? You may have the option to make an...
Should You Continue Saving for Retirement Even When Unemployed?
In the wake of the latest economic crisis, there's no such thing as true job security.With more than 10% of Americans unemployed, the last few months has seen a drastic fall in the employment rate. If you're one of the millions of Americans, currently unemployed and...
How the Secure Act Can Be Beaten
Congress wants to force your heirs to take out your IRA within 10 years. I want to give you at least 30 years. . . maybe even more. Hi everyone, my name is Rick Pendykoski. For over 20 years I’ve been helping people learn the best ways to manage their retirement...
How To Choose An IRA Custodian
Table Of Content Traditional IRAs vs. Roth IRAs Self-Directed IRAs Types of Custodians for Standard IRAs Tips for Choosing IRA custodian There are different types of Individual Retirement Accounts (IRAs) that are designed to meet your needs. But all of them have one...
3 Ways You Can Gift Your IRA or 401(K) Retirement Savings
You may not be a millionaire, but you may have reached a stage in life that makes you think that you have done all you possibly can to have a blissful retirement. You are fortunate that your retirement planning has accumulated more than you need. Probably you don’t...
6 Ways to Make Your Newfound Retirement Freedom Fun and Exciting
After being in the workforce for decades, retirement finally brings you the freedom to spend your time your way. And if you are fortunate enough to be physically healthy, financially sound, and have little-to-no custodian responsibilities, then there are endless...
Financial Beliefs of Smart Retirement Planning
Who doesn’t want to retire with Ease and Comfort after the hardships of 1st Innings!!! Retirement is one of the most important phases in a person’s life. It marks a tectonic shift from active income to passive income. The amount of savings and investments done during...
Is Bitcoin a Good Option to Consider While Investing for Retirement?
Are you tempted to invest your retirement savings in digital currency? Do you think Bitcoin could be your primary source of retirement income? Bitcoin and other digital currencies seem to have become all the rage as an investment option these days. In addition to...
When Can You Move an Existing Retirement Account to a Self Directed IRA?
Self directed IRAs offer many benefits, such as access to a wider range of investing options and greater control over asset allocation. By moving your existing account to one of these plans, you can maximize the growth of your retirement funds by selecting investments...
Private Lending Using Self-Directed IRA or a Self-Directed 401(k)
Your retirement account can be a small lending institution. Private lending through your IRA or any other qualified retirement plan typically involves creation of a new promissory note, the purchase of an existing promissory note, either performing or non-performing,...
Top 7 Retirement Planning Tips for Couples
As a couple, a smart retirement planning strategy can help you enjoy a comfortable and happy life when you’re older. However, you need to sit down and figure out the basics about each other’s financial or retirement goals, annual income and savings. Knowing where you...
How Small Business Owners Can Benefit From SEP IRA
Do you as a small business owner find the process of choosing a retirement plan expensive and confusing? A Simplified Employee Pension IRA or SEP IRA might be the perfect option for you. A wide-array of small businesses, ranging from partnerships, LLCs,...