Click here to download the PDF version of the newsletter. In This Issue: Investment Insights In 2021, the market showed strength, driven by a rebound in business and consumer spending. With the rebound came a spike in inflation created by persistent pandemic-induced supply chain problems, outsized demand, and rising wages. 2022 will be a challenging […]
Why You Should Seriously Consider Roth Conversions
What are Roth Conversions? And why use them? Before digging into the answers to those questions, lets take a quick look at the difference between a traditional IRA and a Roth IRA. Contributions to a traditional IRA are tax-deductible, however, when the funds are later withdrawn from the account, the account holder will have to […]
IRA Planning in the New Era: Things Account Owners Should Be Aware of When Naming Beneficiaries
Passed and signed into law in last December, the Setting Every Community Up for Retirement Enhancement Act of 2019, or SECURE Act, fundamentally changed how qualified account owners should approach naming beneficiaries. What are qualified accounts? Most of us have at least one type of qualified account, which provide us with certain tax advantages and […]
This Useful Feature Could Simplify Your Charitable Donations
Thanks to the Qualified Charitable Distribution (QCD) provision, more retirees with charitable commitments are utilizing their IRAs – and often satisfying their required minimum distributions (RMD) in the process. However, the procedure can be time-consuming. The challenges include filling out the necessary paperwork for each charity, verifying the charitable organizations’ status, deciding amount (and frequency) […]
Retirement Planning – Understanding the Most Popular Workplace Retirement Plans
The second topic in our InsomniaCure Financial Education Rx Series is Retirement Planning 101, which broadly covers popular types of retirement plans and how each plan works. Note: As of 2019, individuals may contribute $6,000 annually to their IRA, up from the amount ($5,500) at the publishing of this article. View other posts in the […]
