Retirement Savers Love the Backdoor Roth IRA Strategy. It Might Not Last.

squirrel WSJ

With Congress looking to rein in Roth conversions, the tax-saving option could go away Many Americans are using a previously little-known tax method to boost their savings. Now, the government is trying to stop it. The tax strategy at issue is the mega-backdoor Roth conversion and it has allowed some Americans to amass sizable balances…

Read More

What is the rule of 55 and how does it work?

business man thinking

Taking a distribution from a tax qualified retirement plan, such as a 401(k), prior to age 59 ½ is generally subject to a 10 percent early withdrawal tax penalty. However, the IRS rule of 55 may allow you to receive a distribution after attaining age 55 (and before age 59 ½) without triggering the early penalty…

Read More

These IRA Moves Could Set You Up for Your Dream Retirement

investing at home

You’ll probably need more money than your Social Security benefits to maintain a comfortable lifestyle in retirement. Those benefits will only replace about 40% of your pre-retirement income if you’re an average earner, and most seniors need access to a lot more money than that. That’s where your personal savings come in. Many people have…

Read More

This Investing Strategy Could Make You a Millionaire

money jar

With the right strategy, you can make a lot of money in the stock market with minimal effort. Key Points Long-term investing can help you generate wealth over time. Even if you’re new to the stock market, there are ways to make a lot of money with little investing experience. Whether you’re new to the…

Read More

4 Secrets to Beating the Average Investor

4 Secrets to Beating the Average Investor The average investor likely has a less-exciting future than you do. You’re poised to develop confidence in your investing skills, build wealth in your retirement account, and reach your financial goals. The typical investor, sadly, might struggle to generate wealth momentum over the long term. Your financial future…

Read More

Why you should be terrified of owning Bitcoin

rollercoaster

It’s obvious to anyone who owns or considers buying Bitcoin that the leading cryptocurrency is volatile. For loyal fans, its sharp swings are a small price to pay for the joining a juggernaut poised to dominate the world of global finance. But a close examination of precisely how wildly and crazily Bitcoin’s price careens—even in the same trading…

Read More

Wednesday Q&A When Do You Sell a Winning Stock?

When Do You Sell a Winning Stock? Chuck on the Northshore picked up a stock years ago, and has had a successful run. Is it time to get out, and take the profits? Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here…

Read More

Wednesday Q&A Advice for Young Investors

Advice for Young Investors Joel in New Orleans is a local teacher, and asks Gregory for where to find advice for introducing kids to the world of investing. Gregory recommends a book: The Latte Factor. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY…

Read More

Portfolio Rebalancing Is a Good Retirement Habit

retired couple

Rebalancing can help retirees produce a stream of income from a diversified portfolio of stocks and bonds, and reduce risk Here is something retirees ignore at their peril: Portfolio rebalancing, a simple technique that calls for periodically skimming profits from winners and plowing the proceeds into losers. Rebalancing is a good idea at any age.…

Read More

Wednesday Q&A How can inflation affect my investments?

How can inflation affect my investments? Inflation can affect different types of investments in different ways. Gregory goes over the types and how they can be affected in this short clip. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help…

Read More