If I could only contribute to one retirement account for the rest of my working career, it would be a Roth IRA or Roth 401k. Although there are many benefits to a Roth IRA, there are three benefits that I find to be most intriguing. On top of the benefits I lay out below, you will be pleased to hear that in recent years employers have made the Roth 401k more accessible and the contribution limit on Roth IRAs has increased!
A lot of investors are legacy-minded. This means leaving a monetary impact for family or friends is top priority to them. In this article, I’m going to focus on those situations where the transfer of assets is done after someone has passed away through a beneficiary designation.
It is often said that “half of marriages end in divorce.” So how do you navigate the choppy waters of divorce? How do you make good, educated and unemotional decisions in an incredibly emotional environment? Here are 4 areas to consider when going through a divorce: Division of Assets, Division of Debts, Children, and Spousal Support (Alimony).