The Simple Guide to Life Insurance: EVERYTHING YOU Need to Know
Whole Life Insurance from our Fraternal Society Why Whole Life Insurance from a Fraternal Society is the Smart Choice for Professionals Aged 25-50 In today’s complex financial landscape, whole life insurance is not just a tool for protecting your loved ones after you’re gone—it’s a cornerstone of long-term wealth building and financial planning. For young […]
Roth IRA – Flexible Retirement Savings
What is a Roth IRA? A Roth IRA is a retirement savings account that you set up for yourself, as an individual, rather than one that is set up for you by your employer, e.g., a 401(k) plan. Money contributed must be after-tax dollars. Although there is no tax benefit today, as with a traditional […]
The Cares Act Insights
The Cares Act is a $2 Trillion COVID 19 Stimulus Package, which gives retirement investors some help in alleviating financial stress and strain from the Coronavirus. The CARES ACT OF 2020: Suspends Required Minimum Distributions; Enhances Access to and Helpfulness of “Coronavirus-related” Retirement Fund Withdrawals and Loans; Extends the Deadline for making 2019 IRA contributions […]
2019 IRA Extension
2019 IRA contribution deadline is July 15, 2020. * We now have until July 15 to contribute to our IRAs: The IRS has extended the 2019 IRA contribution deadline from April 15 to July 15, 2020. * The extension. In line with Treasury Secretary Mnuchin’s universal extension of the individual federal income tax filing and payment deadline to […]
7 Highlights of the Secure Act
THE SECURE ACT: Does It Impact Your IRA, Estate and Retirement Planning? Just a couple of weeks ago, Congress passed a massive bipartisan appropriations (spending) bill, in order to avert another government shutdown. Unexpectedly, it attached to it an item of legislation named the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which earlier this summer had […]
How to save more money
We live in a first-world country: most of our basic human needs are easily satisfied. But take a moment to think about poor countries, where people live without plumbing, heat, or even food and clean water. The average American’s issues fall into a few categories: health, safety, relationships and money. I will focus on one issue, […]