Blogs
“Third-Party Posts”
6 Things I Wish Someone Had Told Me Before I Retired
A recent retiree shares lessons learned late about saving money and spending time Everyone nearing retirement has a vision of what their road will be like once they...
10 Retirement Planning Mistakes People Make at 50
Take inventory of your assets and your strategy, or you could regret it later Reaching age 50 is a milestone that most of us celebrate. Still, after you’ve blown out...
8 Common Above-the-Line Deductions Anyone Can Claim
Take these write-offs on your 1040, even if you don’t itemize your return Doing your taxes is a hunt for ways to minimize your income: The lower your income, the less...
12 Things to Tell Your Kids About Your Money
You don’t have to tell them some things, but others are very important You’ve probably taught your kids a whole bunch about money over the years, like how to stretch an...
7 Things to Know About Appointing an Executor
And 7 ways to make things easier for yours Have you found an executor (also known as a personal representative) to handle your affairs should you become incapacitated...
7 Money Leaks — and How to Plug Them
These stealthy cash drainers could be costing you big bucks Yes, you can save a lot by cutting out the little pleasures in life. Nonessentials like caffe lattes and...
Why Gen X Is Freaking Out About Retirement
Facing an insecure financial future, America's 'neglected middle child' may have to chart a different path to post-work life For years, Mike Cundall Jr. thought he was...
5 Retirement Fears Keeping Us Up at Night
Inflation, stock swings and more erode Americans’ confidence in future financial security When it comes to retirement readiness, many Americans are feeling...
8 Ways to Recover Faster From a Disaster
A little planning can ease the financial hardship You may not think a disaster can hit you, but a disaster of some sort can occur just about any place, at any time,...
Weekly Market Commentary
Weekly Market Commentary - 9/29/2023 -Darren Leavitt, CFA Markets finished a difficult month of September with mixed results. The prospect of a government shutdown,...
Weekly Market Commentary
Weekly Market Commentary - 9/22/2023 -Darren Leavitt, CFA US equity markets sold off in tandem with the US Treasury market as the Federal Reserve’s Open Market...
Weekly Market Commentary
Weekly Market Commentary - 9/15/2023 -Darren Leavitt, CFA It was a roller coaster ride on Wall Street this week, with early-week gains met with a late-week sell-off. ...
Weekly Market Commentary
-Darren Leavitt, CFA The holiday-shortened week ended with losses for both US equities and Treasuries. Apple shares tumbled on the news that the Chinese government...
Weekly Market Commentary
Weekly Market Commentary - 8/25/2023 -Darren Leavitt, CFA Financial markets were all over the place last week and ended with mixed results. The S&P 500 gained 0.8%...
Weekly Market Commentary
Weekly Market Commentary - 8/18/2023 -Darren Leavitt, CFA US equity markets fell for the third consecutive week. The S&P 500 broke its 50-day moving average and...
Weekly Market Commentary
-Darren Leavitt, CFA US Financial markets had another week of consolidation. Equities and US Treasuries sold off in tandem on light volume. An early week debt...
Weekly Market Commentary
Weekly Market Commentary - 8/4/2023 -Darren Leavitt, CFA Global equity markets fell last week as investors digested a full dose of Q2 earnings reports, a packed...
Weekly Market Commentary
Weekly Market Commentary - 7/28/2023 -Darren Leavitt, CFA It was a busy week on Wall Street with announcements of monetary policy decisions from the Federal Reserve,...
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THE FIVE-YEAR RULE AND RMDS: TODAY’S SLOTT REPORT MAIBAG
By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport Question: In 2020 and 2021, when I was over 65 years old, I converted some of my...
ONE BENEFICIARY, THREE IRAS, THREE DIFFERENT PAYOUT RULES
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport An advisor called and said his 75-year-old client had just passed away. He had questions about the...
SECURE 2.0’S BIGGEST MESS
By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport Of the 92 provisions in the SECURE 2.0 legislation, signed into law last December, by far the most...
THE PRO-RATA RULE AND MINOR IRA BENEFICIARIES: TODAY’S SLOTT REPORT MAILBAG
By Ian Berger, JD IRA Analyst Follow Us on X: @theslottreport Question: Dear Mr. Slott, I made $40,000 additional non-deductible (after taxes) contributions to...
IRA CONTRIBUTION LIMIT RAISED TO $7,000 FOR 2024
By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport The IRS has released cost-of-living adjustments (COLAs) for 2024. Many IRA...
ROTH IRA DISTRIBUTION ORDERING RULES – KEEP IT SIMPLE
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport Within the 400-page Ed Slott advisor training manual, we include a basic chart that outlines the...
COMMON CONFUSIONS WITH THE ONCE-PER-YEAR ROLLOVER RULE
By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport The once-per-year IRA rollover rule sounds pretty easy to understand. You may only...
THE BACK-DOOR ROTH STRATEGY AND SPOUSAL BENEFICIARIES: TODAY’S SLOTT REPORT MAILBAG
By Sarah Brenner, JD Director of Retirement Education Follow Us on X: @theslottreport Question: I earn too much money and can’t do a Roth IRA. I have heard about the...
“ESTATE BYPASS” – SPOUSAL ROLLOVER WHEN THE ESTATE IS BENEFICIARY
By Andy Ives, CFP®, AIF® IRA Analyst Follow Us on X: @theslottreport An estate can become the beneficiary of a person’s IRA in a couple of ways. First, the estate could...