The Roth IRA is a powerful tool you can use to stash and grow retirement savings. In this article, we’ll take a closer look at the tax benefits of the Roth IRA as well as income and contribution limits for the 2021 tax year....
If you’re in your 50’s, you’re likely enjoying peak earnings in your chosen career. However, while you probably started saving for retirement decades ago, you may be finding it difficult to make significant investments with other expenses—such as paying for the kids’ college and whittling...
These days, market unrest seems to have become the norm and many investors believe It’s likely to remain so—at least as long as the novel coronavirus (COVID-19) pandemic continues to sweep its destabilizing way around the globe. After falling sharply for much of the past month,...
Conventional wisdom dictates minimizing expenses if you want to stretch your retirement savings as far as possible. Traditionally, this has included paying off your home mortgage. However, a 2018 survey by a national mortgage broker indicates that practice may be changing. In fact, the survey...
How much have you saved for retirement? If you answered, “Not enough,” you’re not alone. According to Northwestern Mutual’s Planning and Progress Study 2019, 22 percent of Americans have less than $5,000 stashed away for retirement. Another 15 percent have no retirement savings at all....
Did you know that women face retirement planning challenges that most men never encounter? It’s true, though if you ask most financial planners about it, they’ll tell you that every retirement plan is unique because every retiree is as well. However, while there are certainly...
Do you think a storm is headed towards the American economy? With steady economic growth over the past decade, some worry that the U.S. economy’s winning streak could be coming to an end. Between a slowing global economy, several ongoing trade disputes, and the upcoming...
[video width="1920" height="1080" poster="https://ortizworldwealth.com/wp-content/uploads/2019/09/endowment-university-1.jpg"][/video] U.S. endowments are exceptionally well resourced and have access to the best fund managers and private equity programs, which contributes significantly to their investment success. By adopting a more dynamic, proactive version of the asset-allocation principles used by these endowments, it is...
At a funding level of only 31%, Kentucky’s pension is in trouble. Only New Jersey, with a similar level of funding, can match it in the race to the bottom. Despite being fully funded in 2000, years of shorting pension contributions to patch holes in...
Federal employees are often unsure about what happens to their health insurance when they retire. There is confusion regarding premium payments, integration with Medicare, and whether or not retirees can even keep FEHB. It is important for federal employees thinking about retirement and federal retirees...
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