Investing

Are ETFs or ETNs Right for You?

What is an ETF? An ETF is an Exchange Traded Fund.  ETFs are similar in many ways to traditional mutual funds, except that shares in an ETF can be bought and sold throughout the day like stocks on a stock exchange through a broker-dealer.   An ETF holds assets such as stocks, commodities or bonds.  It […]

New Fiduciary Rule for IRAs

A large number of people need help managing their long-term finances and hire someone to help them with the process. Some people don’t have the time or desire to manage their assets themselves, while others don’t know enough about the system to manage their assets well.  When selecting an advisor, many people take recommendations from […]

Self-Employed Retirement Plans

A 2015 TD Ameritrade survey found that 28% of self-employed people do not currently save for retirement and that an additional 40% save what they can afford whenever they can afford it. There are a number of understandable reasons why 68% of self-employed people do not have a regular retirement savings plan, but here are […]

Is a Backdoor Roth IRA Right for You?

First of all, what is a Backdoor Roth IRA? It’s merely a way to contribute to a Roth IRA when your income exceeds the contribution limit of $183,000 (for a couple filing jointly). The Backdoor Roth IRA procedure removes this restriction. It involves a simple two-step process. First you contribute up to $5,500 to a […]

Maximizing the Value of Your 401(k)

You may know that over-50 workers can generally contribute up to $24,000 per year to their 401(k) plan on a pre-tax basis. But, did you know that a worker’s total 401(k) contribution (pre-tax contributions, matching company funds and after-tax contributions) rises to a $59,000 limit? But wait, it gets better. Starting in 2013, new legislation […]